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Federal Reserve Economic Data

FRED Economic Data, St. Louis FED

Interest Rate on Reserve Balances (IORB Rate) (IORB)

Observations

2025-03-14: 4.40
Updated: Mar 13, 2025 3:30 PM CDT
Next Release Date: Mar 14, 2025
2025-03-14:  4.40  
2025-03-13:  4.40  
2025-03-12:  4.40  
2025-03-11:  4.40  
2025-03-10:  4.40  
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(a) Interest Rate on Reserve Balances (IORB Rate), Percent, Not Seasonally Adjusted (IORB)

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    Interest Rate on Reserve Balances (IORB Rate)
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    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 reserve balances (IORB rate) is the rate of interest that the Federal Reserve pays on balances maintained by or on behalf of eligible institutions in master accounts at Federal Reserve Banks. The interest rate is set by the Board of Governors, and it is an important tool of monetary policy.

    See Policy Tools and the IORB FAQs for more information.

    For questions on FRED functionality, please contact us here.

    Suggested Citation:

    Board of Governors of the Federal Reserve System (US), Interest Rate on Reserve Balances (IORB Rate) [IORB], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/IORB, March 14, 2025.

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

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