Interest Rate on Reserve Balances
The rate the Fed pays banks on reserves held at the Fed: its main tool for steering the fed funds rate.
3.90%2026-10-13
Percent
Why it matters
Technical adjustments to IORB relative to the range signal how the Fed is managing money-market plumbing.
Release schedule: Changes with FOMC decisions (Federal Reserve)
Recent readings
| Period | Value | Change |
|---|---|---|
| 2026-10-13 | 3.90% | +0.00 |
| 2026-10-12 | 3.90% | +0.00 |
| 2026-10-11 | 3.90% | +0.00 |
| 2026-10-10 | 3.90% | +0.00 |
| 2026-10-09 | 3.90% | +0.00 |
| 2026-10-08 | 3.90% | +0.00 |
| 2026-10-07 | 3.90% | +0.00 |
| 2026-10-06 | 3.90% | +0.00 |
| 2026-10-05 | 3.90% | +0.00 |
| 2026-10-04 | 3.90% | +0.00 |
| 2026-10-03 | 3.90% | +0.00 |
| 2026-10-02 | 3.90% | — |
Source: FRED, Federal Reserve Bank of St. Louis; original data from the agency named in the description. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.