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Interest Rate Paid on Balances Maintained to Satisfy Reserve Balance Requirements (DISCONTINUED) (INTRESREQW)

Observations

2015-07-22: 0.25
Updated: Jul 23, 2015 3:41 PM CDT
2015-07-22:  0.25  
2015-07-15:  0.25  
2015-07-08:  0.25  
2015-07-01:  0.25  
2015-06-24:  0.25  

Units:

Percent,
Not Seasonally Adjusted

Frequency:

Weekly,
Ending Wednesday
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to
Date:
Bar 1 - Interest Rate Paid on Balances Maintained To Satisfy Reserve Balance Requirements Vintage: 2015-07-09
Bar 1
(a) Interest Rate Paid on Balances Maintained To Satisfy Reserve Balance Requirements, Percent, Not Seasonally Adjusted (INTRESREQW)
Balances maintained to satisfy reserve balance requirements up to and including the top of the penalty-free band are remunerated at the rate paid on balances maintained up to the top of the penalty-free band. Effective February 2, 1984, reserve computation and maintenance periods have been changed from weekly to bi-weekly. 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.

Select a date that will equal 100 for your custom index:
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    Now create a custom formula to combine or transform the series.

    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, a-b, (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.

    Select a date that will equal 100 for your custom index:
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    Bar 1 - Interest Rate Paid on Balances Maintained To Satisfy Reserve Balance Requirements Vintage: 2015-07-09
    Bar 2
    (a) Interest Rate Paid on Balances Maintained to Satisfy Reserve Balance Requirements (DISCONTINUED), Percent, Not Seasonally Adjusted (INTRESREQW)
    Balances maintained to satisfy reserve balance requirements up to and including the top of the penalty-free band are remunerated at the rate paid on balances maintained up to the top of the penalty-free band. Effective February 2, 1984, reserve computation and maintenance periods have been changed from weekly to bi-weekly. 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

    Select a date that will equal 100 for your custom index:
      Enter date as YYYY-MM-DD
    to

    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.

    Type keywords to search for data

      Now create a custom formula to combine or transform the series.

      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, a-b, (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.

      Select a date that will equal 100 for your custom index:
          Enter date as YYYY-MM-DD

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      Bar 1
      Interest Rate Paid on Balances Maintained To Satisfy Reserve Balance Requirements Vintage: 2015-07-09
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      Bar 2
      Interest Rate Paid on Balances Maintained to Satisfy Reserve Balance Requirements (DISCONTINUED) Vintage: 2015-07-23
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      Notes

      Title Release Dates
      Interest Rate Paid on Balances Maintained To Satisfy Reserve Balance Requirements 2013-07-11 2015-07-22
      Interest Rate Paid on Balances Maintained to Satisfy Reserve Balance Requirements (DISCONTINUED) 2015-07-23 2015-07-23
       
      Source    
      Board of Governors of the Federal Reserve System (US) 2013-07-11 2015-07-23
       
      Release    
      H.3 Aggregate Reserves of Depository Institutions and the Monetary Base 2013-07-11 2015-07-23
       
      Units    
      Percent 2013-07-11 2015-07-23
       
      Frequency    
      Weekly, Ending Wednesday 2013-07-11 2015-07-23
       
      Seasonal Adjustment    
      Not Seasonally Adjusted 2013-07-11 2015-07-23
       
      Notes    
      Balances maintained to satisfy reserve balance requirements up to and including the top of the penalty-free band are remunerated at the rate paid on balances maintained up to the top of the penalty-free band.

      Effective February 2, 1984, reserve computation and maintenance periods have been changed from weekly to bi-weekly. 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.

      		2013-07-11 2015-07-22
      Balances maintained to satisfy reserve balance requirements up to and including the top of the penalty-free band are remunerated at the rate paid on balances maintained up to the top of the penalty-free band.

      Effective February 2, 1984, reserve computation and maintenance periods have been changed from weekly to bi-weekly. 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

      		2015-07-23 2015-07-23

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      Interest on Required Reserves H.3 Reserves of Depository Institutions & Monetary Base Paid Balance Reserves Weekly Discontinued Interest Rate Interest Board of Governors Rate Nation Public Domain: Citation Requested Not Seasonally Adjusted United States of America

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