Results of March 24 Seven-Day Term Deposits Offering
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.
For media inquiries, call 202-452-2955.