On February 5, 2015, the Federal Reserve conducted a floating-rate offering of term deposits through its Term Deposit Facility. The operation offered 21-day term deposits with the rate set equal to the sum of the interest rate paid on excess reserves plus a fixed spread of 3 basis points.
Following are the results of the operation: TDF Operation ID: F55 Total Amount Awarded: $188,083,000,000 Number of Participants: 87 The awarded deposits will settle on February 5, 2015, and will mature on Feb. 26, 2015. The operation effective rate will apply to all awarded deposits.
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