Federal Reserve announces results of offering of 7-day term deposits on May 28

The following press release was published by the Board of Governors of the Federal Reserve System on May 28, 2015. It is reproduced in full below.

On May 28, 2015, 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: F59 Total Amount Awarded: $65,782,500,000 Number of Participants: 42 The awarded deposits will settle on May 28, 2015, and will mature on June 4, 2015. The operation effective rate will apply to all awarded deposits.

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Source: Board of Governors of the Federal Reserve System