US Interest Rate on Reserve Balances (IORB)

Q

What is US Interest Rate on Reserve Balances (IORB)?

✍: FYIcenter.com

A

The US Interest Rate on Reserve Balances (IORB) is the interest paid by Fed Reserve Banks to commercial banks on their account balances (also called reserve balances). It is reviewed and published every 6 weeks by the Federal Reserve Board.

Note that IORB rate is for for eligible commercial banks only. Not all commercial banks can enjoy this rate.

If you go to this the Federal Reserve Website, you will see the latest US IORB rate for commercial banks with primary credits: 4.4% as of January 27, 2025.

The IORB rate is usually 10 base points lower than the Fed Discount Rate. See the historical rates below:

 IORB   Discount
 Rate       Rate   Publish Date
-----   --------   ------------
4.40%      4.50%   19-Dec-2024
4.65%      4.75%   08-Nov-2024
4.90%      5.00%   19-Sep-2024

⇒ Historical Values of IORB Rates

⇐ Historical Values of Effective Fed Funds Rates

⇑ Introduction to US Interest Rates

⇑⇑ Interest Rates

2025-01-28, ∼994🔥, 0💬

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Historical Values of IORB Rates
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Historical Values of ON RRP Rates
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US Interest Rate on Reserve Balances (IORB)
What is US Interest Rate on Reserve Balances (IORB)? The US Interest Rate on Reserve Balances (IORB) is the interest paid by Fed Reserve Banks to commercial banks on their account balances (also called reserve balances). It is reviewed and published every 6 weeks by the Federal Reserve Board. Note t... 2025-01-28, ∼995🔥, 0💬

1-Year US Interest Rates
What are the US Interest Rates for the last 1 year? Here are the US Interest Rates for the last 1 year collected by FYIcenter.com and listed below: Fed Discount Rate EFFR (Effective Fed Funds Rate) IORB (Interest Rate on Reserve Balances ON RRP (Overnight Reverse Repurchase) Agreements Award Rate Pr... 2025-01-29, ∼816🔥, 0💬

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