1Y |
5Y |
10Y |
Max
NOTES
Source: Board of Governors of the Federal Reserve System (US)
Release: Interest on Required Balances and Excess Balances
Units:
Frequency:
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
Suggested Citation:
Board of Governors of the Federal Reserve System (US), Interest Rate on Required Reserves [IORR], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/IORR, December 6, 2019.
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