NOTES
| Title | Release Dates | |
|
|
||
| Interest Rate on Required Reserves | 2016-03-10 | 2021-07-27 |
| Interest Rate on Required Reserves (DISCONTINUED) | 2021-07-28 | 2024-09-23 |
| Interest Rate on Required Reserves (IORR Rate) (DISCONTINUED) | 2024-09-24 | 2024-09-24 |
| Source | ||
|
|
||
| Board of Governors of the Federal Reserve System (US) | 2016-03-10 | 2024-09-24 |
| Release | ||
|
|
||
| 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 | ||
|
|
||
| Percent | 2016-03-10 | 2024-09-24 |
| Frequency | ||
|
|
||
| Daily, 7-Day | 2016-03-10 | 2024-09-24 |
| Seasonal Adjustment | ||
|
|
||
| Not Seasonally Adjusted | 2016-03-10 | 2024-09-24 |
| Notes | ||
|
|
||
|
The interest rate on required reserves (IORR rate) is determined by the Board of Governors and is intended to eliminate effectively the implicit tax that reserve requirements used to impose on depository institutions. For more information please see: http://www.federalreserve.gov/monetarypolicy/reqresbalances.htm |
2016-03-10 | 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 required reserves (IORR rate) is determined by the Board of Governors and is intended to eliminate effectively the implicit tax that reserve requirements used to impose on depository institutions. 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 required reserves (IORR rate) is determined by the Board of Governors and is intended to eliminate effectively the implicit tax that reserve requirements used to impose on depository institutions. 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 |
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