The interest rate on excess reserves (IOER rate) is determined by the Board of Governors and gives the Federal Reserve an additional tool for the conduct of monetary policy. For more information please visit the Board of Governors (http://www.federalreserve.gov/monetarypolicy/reqresbalances.htm).
|Last Value||1.8 %|
|Last Updated||2019-10-29 15:46:01-05|
|Average Growth Rate||0.06|
|Long Term Average||0.66|
|Value from 1 Year Ago||2.2|
|Change from 1 Year Ago||-18.18|