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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