NOTES
| Title | Release Dates | |
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| Interest Rate on Excess Reserves | 2016-03-10 | 2021-07-27 |
| Interest Rate on Excess Reserves (DISCONTINUED) | 2021-07-28 | 2024-09-23 |
| Interest Rate on Excess Reserves (IOER Rate) (DISCONTINUED) | 2024-09-24 | 2024-09-24 |
| Source | ||
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| Board of Governors of the Federal Reserve System (US) | 2016-03-10 | 2024-09-24 |
| Release | ||
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| Interest on Required Balances and Excess Balances | 2016-03-10 | 2021-07-27 |
| Interest Rate on Reserve Balances | 2021-07-28 | 2024-09-24 |
| Units | ||
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| Percent | 2016-03-10 | 2024-09-24 |
| Frequency | ||
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| Daily, 7-Day | 2016-03-10 | 2024-09-24 |
| Seasonal Adjustment | ||
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| Not Seasonally Adjusted | 2016-03-10 | 2024-09-24 |
| Notes | ||
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The interest rate on excess reserves (IOER rate) is determined by the Board of Governors and gives the Federal Reserve an additional tool for the conduct of monetary policy. For more information please see: http://www.federalreserve.gov/monetarypolicy/reqresbalances.htm |
2016-03-10 | 2019-06-30 |
|
The interest rate on excess reserves (IOER rate) is determined by the Board of Governors and gives the Federal Reserve an additional tool for the conduct of monetary policy. For more information please visit the Board of Governors (http://www.federalreserve.gov/monetarypolicy/reqresbalances.htm). |
2019-07-01 | 2021-07-27 |
|
Starting July 29, 2021, the interest rate on excess reserves (IOER (https://fred.stlouisfed.org/series/IOER)) and the interest rate on required reserves (IORR (https://fred.stlouisfed.org/series/IORR)) were replaced with a single rate, the interest rate on reserve balances (IORB (https://fred.stlouisfed.org/series/IORB)). See the source's announcement (https://www.federalreserve.gov/newsevents/pressreleases/bcreg20210602a.htm) for more details. The interest rate on excess reserves (IOER rate) is determined by the Board of Governors and gives the Federal Reserve an additional tool to conduct monetary policy. See Policy Tools (https://www.federalreserve.gov/monetarypolicy/reqresbalances.htm) for more information. |
2021-07-28 | 2024-09-23 |
|
IOER (https://fred.stlouisfed.org/series/IOER)) and the interest rate on required reserves (IORR (https://fred.stlouisfed.org/series/IORR)) were replaced with a single rate, the interest rate on reserve balances (IORB (https://fred.stlouisfed.org/series/IORB)). See the source's announcement (https://www.federalreserve.gov/newsevents/pressreleases/bcreg20210602a.htm) for more details. The interest rate on excess reserves (IOER rate) is determined by the Board of Governors and gives the Federal Reserve an additional tool to conduct monetary policy. See Policy Tools (https://www.federalreserve.gov/monetarypolicy/reqresbalances.htm) for more information. For questions on FRED functionality, please contact us here (https://fred.stlouisfed.org/contactus/). |
2024-09-24 | 2024-09-24 |
