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Timeline of U.S. Treasury Floating Rate Notes

Year Event
2013 July 31, 2013: Uniform Offering Circular (UOC) amended to accommodate the auction and issuance of Floating Rate Notes (FRNs).
2014 January 29, 2014: After the auction announcement on January 23, 2014, the first auction of a FRN was held on Wednesday, January 29, and then issued on January 31.
2022 August 2022: The noncompetitive award limit per auction was raised to $10 million from $5 million.