Interest Rate on Required Reserves (IORR)

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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 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