May 21, 2015
Federal Reserve announces results of offering of 14-day term deposits on May 21
For release at 3:30 p.m. EDT
On May 21, 2015, the Federal Reserve conducted a floating-rate offering of term deposits through its Term Deposit Facility. The operation offered 14-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: | F58 |
| Total Amount Awarded: | $79,919,010,000 |
| Number of Participants: | 53 |
The awarded deposits will settle on May 21, 2015, and will mature on June 4, 2015. The operation effective rate will apply to all awarded deposits.
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