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Interest Rate on Excess Reserves (IOER Rate) (DISCONTINUED) (IOER)

Observations

2021-07-28: 0.15
Updated: Jul 27, 2021 3:32 PM CDT
2021-07-28:  0.15  
2021-07-27:  0.15  
2021-07-26:  0.15  
2021-07-25:  0.15  
2021-07-24:  0.15  

Units:

Percent,
Not Seasonally Adjusted

Frequency:

Daily,
7-Day

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Notes

Title Release Dates
Interest Rate on Excess Reserves 2016-03-10 2021-07-27
Interest Rate on Excess Reserves (DISCONTINUED) 2021-07-28 2024-09-23
Interest Rate on Excess Reserves (IOER Rate) (DISCONTINUED) 2024-09-24 2024-09-24
 
Source    
Board of Governors of the Federal Reserve System (US) 2016-03-10 2024-09-24
 
Release    
Interest on Required Balances and Excess Balances 2016-03-10 2021-07-27
Interest Rate on Reserve Balances 2021-07-28 2024-09-24
 
Units    
Percent 2016-03-10 2024-09-24
 
Frequency    
Daily, 7-Day 2016-03-10 2024-09-24
 
Seasonal Adjustment    
Not Seasonally Adjusted 2016-03-10 2024-09-24
 
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

2016-03-10 2019-06-30
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 (http://www.federalreserve.gov/monetarypolicy/reqresbalances.htm).

2019-07-01 2021-07-27
Starting July 29, 2021, the interest rate on excess reserves (IOER (https://fred.stlouisfed.org/series/IOER)) and the interest rate on required reserves (IORR (https://fred.stlouisfed.org/series/IORR)) were replaced with a single rate, the interest rate on reserve balances (IORB (https://fred.stlouisfed.org/series/IORB)). See the source's announcement (https://www.federalreserve.gov/newsevents/pressreleases/bcreg20210602a.htm) 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 (https://www.federalreserve.gov/monetarypolicy/reqresbalances.htm) for more information.

2021-07-28 2024-09-23
IOER (https://fred.stlouisfed.org/series/IOER)) and the interest rate on required reserves (IORR (https://fred.stlouisfed.org/series/IORR)) were replaced with a single rate, the interest rate on reserve balances (IORB (https://fred.stlouisfed.org/series/IORB)). See the source's announcement (https://www.federalreserve.gov/newsevents/pressreleases/bcreg20210602a.htm) 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 (https://www.federalreserve.gov/monetarypolicy/reqresbalances.htm) for more information.

For questions on FRED functionality, please contact us here (https://fred.stlouisfed.org/contactus/).

2024-09-24 2024-09-24

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Interest on Excess Reserves Reserves Discontinued Daily Interest Rate Interest Board of Governors Rate Nation Public Domain: Citation Requested Not Seasonally Adjusted United States of America