The Federal Reserve has scheduled three small-value auctions of term deposits through its Term Deposit Facility (TDF). These auctions are a matter of prudent planning and have no implications for the near-term conduct of monetary policy.

• The first auction will offer $1 billion of 14-day term deposits; the auction will be conducted on June 14 with settlement on June 17, and the deposits offered will mature on July 1.
  
  
• The second auction will offer 28-day term deposits; the auction will be conducted on June 28 with settlement on
  July 1, and the deposits offered will mature on July 29.
  
  
• The third auction will offer 84-day term deposits; the auction will be conducted on July 12 with settlement on July 15, and the deposits offered will mature on October 7.

The amount of term deposits offered along with other parameters for the second and third auctions will be announced at a later date. The Federal Reserve may schedule up to two additional small-value TDF auctions later in the summer.

See press release for full details.

Press release 

Contact:
Public Affairs
(212) 720-6130
general.info@ny.frb.org