Interest Rate on Required Reserves : 0.15% (As of 2021-07-28) ( Discontinued )
Basic Info
Interest Rate on Required Reserves was 0.15 as of 2021-07-28, according to The Federal Reserve. Historically, Interest Rate on Required Reserves reached a record high of 2.4 and a record low of 0.1, the median value is 0.25. Typical value range is from 0.1 to 1.45. The Year-Over-Year growth is 50%. GuruFocus provides the current actual value, an historical data chart and related indicators for Interest Rate on Required Reserves - last updated on 2021-07-28.
Daily, 7-Day , not seasonally adjusted . 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
| Category | Money, Banking, & Finance |
| Region | USA |
| Source | The Federal Reserve |
Stats
| Name | Value | ||
|---|---|---|---|
| Last Value | 0.15% | ||
| Latest Period | 2021-07-28 | ||
| Long Term Average | 0.72% | ||
| Average Annualized Growth Rate | -16% | ||
| Value from The Previous Market Day | % | ||
| Change from The Previous Market Day | % | ||
| Value from 1 year ago | % | ||
| Change from 1 year ago | % | ||
| Frequency | Daily | ||
| Unit | % | ||
| Download Source | source link |
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