Interest Rate on Excess Reserves (IOER)

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Source: Board of Governors of the Federal Reserve System (US)  

Release: Interest on Required Balances and Excess Balances  

Units:  Percent, Not Seasonally Adjusted

Frequency:  Daily, 7-Day

Notes:

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