District Circular Letters

March 7, 2013

Federal Reserve Offers $3 Billion in 28-day Term Deposits Through its Term Deposit Facility


On Monday, March 11, 2013, the Federal Reserve will offer $3 billion in 28-day term deposits through its Term Deposit Facility. As noted in the Federal Reserve Board’s September 8, 2010 release, this offering is part of ongoing small-value operations designed to provide eligible institutions with an opportunity to become familiar with term deposit operations.

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