Skip to main content

Interest Rate on Excess Reserves (DISCONTINUED) (IOER)

Observation:

2021-07-28: 0.15  
Updated: Jul 27, 2021

Units:

Percent,
Not Seasonally Adjusted

Frequency:

Daily,
7-Day
1Y | 5Y | 10Y | Max

NOTES

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

Release: Interest Rate on Reserve Balances  

Units:  Percent, Not Seasonally Adjusted

Frequency:  Daily, 7-Day

Notes:

Starting July 29, 2021, the interest rate on excess reserves (IOER) and the interest rate on required reserves (IORR) were replaced with a single rate, the interest rate on reserve balances (IORB). See the source's announcement 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 for more information.

Suggested Citation:

Board of Governors of the Federal Reserve System (US), Interest Rate on Excess Reserves (DISCONTINUED) [IOER], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/IOER, May 24, 2022.

RELEASE TABLES





Retrieving data.
Updating graph.

Subscribe to the FRED newsletter


Follow us

Back to Top
Top