March 25, 2014
Federal Reserve announces results of offering of seven-day term deposits on March 24
For release at 12:00 p.m. EDT
On March 24, 2014, the Federal Reserve conducted a floating-rate offering of term deposits through its Term Deposit Facility. The operation offered seven-day term deposits with the rate set equal to the sum of the interest rate paid on excess reserves plus a fixed spread of 1 basis point.
Following are the results of the operation:
|
TDF Operation ID: |
F38 |
|
Total Amount Awarded: |
$14,251,000,000 |
|
Number of Participants: |
27 |
The awarded deposits will settle on March 27, 2014, and will mature on April 3, 2014. The operation effective rate will apply to all awarded deposits.
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