Skip to main content

Home > Releases > Interest Rate on Reserve Balances > Interest Rate on Required Reserves (IORR Rate) (DISCONTINUED)

Interest Rate on Required Reserves (IORR Rate) (DISCONTINUED) (IORR)

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

Fullscreen

Notes

Title Release Dates
Interest Rate on Required Reserves 2016-03-10 2021-07-27
Interest Rate on Required Reserves (DISCONTINUED) 2021-07-28 2024-09-23
Interest Rate on Required Reserves (IORR 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 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

2016-03-10 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 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.

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 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.

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

Release Tables

Related Data and Content

Data Suggestions Based On Your Search

Content Suggestions

Related Categories

FRB Rates - discount, fed funds, primary credit Interest Rates Money, Banking, & Finance

Releases

More Series from Interest on Required Balances and Excess Balances

Tags

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