Home > Releases > H.3 Aggregate Reserves of Depository Institutions and the Monetary Base > Interest Rate Paid on Balances Maintained That Exceed the Top of the PenaltyFree Band (DISCONTINUED)
Interest Rate Paid on Balances Maintained That Exceed the Top of the PenaltyFree Band (DISCONTINUED) (INTRESEXCW)
Ending Wednesday  Updated: Jul 23, 2015
Observation:
20150722: 0.25 (+ more)Updated: Jul 23, 2015
20150722:  0.25  
20150715:  0.25  
20150708:  0.25  
20150701:  0.25  
20150624:  0.25 
Units:
Percent,Not Seasonally Adjusted
Frequency:
Weekly,Ending Wednesday
Effective February 2, 1984, reserve computation and maintenance periods have been changed from weekly to biweekly. Series with data prior to February 2, 1984 have different values reported from one week to the next. After February 2, 1984, the value repeats for 2 consecutive weeks.
Interest Rate Paid on Balances Maintained That Exceed the Top of the PenaltyFree Band
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For example, invert an exchange rate by using formula 1/a, where “a” refers to the first FRED data series added to this line. Or calculate the spread between 2 interest rates, a and b, by using the formula a  b.
Use the assigned data series variables (a, b, c, etc.) together with operators (+, , *, /, ^, etc.), parentheses {(,)}, and constants (1, 1.5, 2, etc.) to create your own formula (e.g., 1/a, ab, (a+b)/2, (a/(a+b+c))*100). As noted above, you may add other data series to this line before entering a formula.
Finally, you can change the units of your new series.
Effective February 2, 1984, reserve computation and maintenance periods have been changed from weekly to biweekly. Series with data prior to February 2, 1984 have different values reported from one week to the next. After February 2, 1984, the value repeats for 2 consecutive weeks.
Effective July 23, 2015, the Federal Reserve Board changed the formula for calculating interest for depository institutions with excess balances. The new formula is based on the daily interest rate on excess reserves (IOER rate) and the daily balance maintained, rather than the maintenance period IOER rate and the average balance maintained over the maintenance period. The IOER and IORR rates effective for a given day are now published on the "Interest on Required Balances and Excess Balances" page on the Federal Reserve Board's website at http://www.federalreserve.gov/monetarypolicy/reqresbalances.htm
Interest Rate Paid on Balances Maintained That Exceed the Top of the PenaltyFree Band (DISCONTINUED)
Customize data:
Write a custom formula to transform one or more series or combine two or more series.
You can begin by adding a series to combine with your existing series.
Now create a custom formula to combine or transform the series.
Need help? []
For example, invert an exchange rate by using formula 1/a, where “a” refers to the first FRED data series added to this line. Or calculate the spread between 2 interest rates, a and b, by using the formula a  b.
Use the assigned data series variables (a, b, c, etc.) together with operators (+, , *, /, ^, etc.), parentheses {(,)}, and constants (1, 1.5, 2, etc.) to create your own formula (e.g., 1/a, ab, (a+b)/2, (a/(a+b+c))*100). As noted above, you may add other data series to this line before entering a formula.
Finally, you can change the units of your new series.
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Title  Release Dates  


Interest Rate Paid on Balances Maintained That Exceed the Top of the PenaltyFree Band  20130711  20150722 
Interest Rate Paid on Balances Maintained That Exceed the Top of the PenaltyFree Band (DISCONTINUED)  20150723  20150723 
Source  


Board of Governors of the Federal Reserve System (US)  20130711  20150723 
Release  


H.3 Aggregate Reserves of Depository Institutions and the Monetary Base  20130711  20150723 
Units  


Percent  20130711  20150723 
Frequency  


Weekly, Ending Wednesday  20130711  20150723 
Seasonal Adjustment  


Not Seasonally Adjusted  20130711  20150723 
Notes  


Balances maintained that exceed the top of the penaltyfree band are remunerated at the interest rate to be paid on excess balances. Effective February 2, 1984, reserve computation and maintenance periods have been changed from weekly to biweekly. Series with data prior to February 2, 1984 have different values reported from one week to the next. After February 2, 1984, the value repeats for 2 consecutive weeks. 
20130711  20150722 
Balances maintained that exceed the top of the penaltyfree band are remunerated at the interest rate to be paid on excess balances. Effective February 2, 1984, reserve computation and maintenance periods have been changed from weekly to biweekly. Series with data prior to February 2, 1984 have different values reported from one week to the next. After February 2, 1984, the value repeats for 2 consecutive weeks. Effective July 23, 2015, the Federal Reserve Board changed the formula for calculating interest for depository institutions with excess balances. The new formula is based on the daily interest rate on excess reserves (IOER rate) and the daily balance maintained, rather than the maintenance period IOER rate and the average balance maintained over the maintenance period. The IOER and IORR rates effective for a given day are now published on the "Interest on Required Balances and Excess Balances" page on the Federal Reserve Board's website at http://www.federalreserve.gov/monetarypolicy/reqresbalances.htm 
20150723  20150723 
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