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 visit the Board of Governors.
Suggested Citation:
Board of Governors of the Federal Reserve System (US),
Interest Rate on Excess Reserves [IOER],
retrieved from FRED,
Federal Reserve Bank of St. Louis;
https://fred.stlouisfed.org/series/IOER,
February 28, 2021.