Federal Reserve Makes Tender Offer
On December 3, 2015 the Federal Reserve is set to offer seven-day term deposits with a rate set equal to the sum of the interest rate paid on excess reserves (currently 25 basis points). The operation window will be from 10:30 ET to 12:30 ET. Participants must submit tenders by accessing the Term Deposit Facility application between the opening time and the closing time on the operation date. [12/3/15]