Interest rates · IORB

Interest on reserve balances

As of Oct 28, 2026, the interest on reserve balances stood at 3.90%, a change of 0.00 pt from previous reading.

Source: Board of Governors of the Federal Reserve System via FRED®. Daily data, not seasonally adjusted. Latest observation Oct 28, 2026; snapshot taken Oct 27, 2026, 6:41 PM EDT.

Latest (Oct 28, 2026)

3.90%

Change from Oct 27, 2026

0.00 pt

A year earlier

4.15%

12-month change

-6.0%

3.90% Oct 28, 2026 · Percent

0%2%4%6%20222023202420252026

Percent. Data from Jul 29, 2021 to Oct 28, 2026 (1,918 observations).

What it measures

This is the rate the Federal Reserve pays banks on money they keep in their reserve accounts at the Fed. It is one of the main tools the Fed uses to keep the federal funds rate inside its target range.

Official title
Interest Rate on Reserve Balances (IORB Rate)
Units
Percent
Frequency and adjustment
Daily, not seasonally adjusted
Original source
Board of Governors of the Federal Reserve System
Recent values
DateValueChange
Oct 28, 20263.90%0.00 pt
Oct 27, 20263.90%0.00 pt
Oct 26, 20263.90%0.00 pt
Oct 25, 20263.90%0.00 pt
Oct 24, 20263.90%0.00 pt
Oct 23, 20263.90%0.00 pt
Oct 22, 20263.90%0.00 pt
Oct 21, 20263.90%0.00 pt
Oct 20, 20263.90%0.00 pt
Oct 19, 20263.90%0.00 pt
Oct 18, 20263.90%0.00 pt
Oct 17, 20263.90%0.00 pt

Related indicators

Fed target rate (upper)

4.00%

Percent · Oct 27, 2026

Fed funds rate

3.75%

Percent · Sep 2026

Bank reserve balances at the Fed

-1.9%

12-month change · Oct 21, 2026

This page shows public economic data for general information. It is not financial advice and does not predict future values.

Sources

FRED® is a registered trademark of the Federal Reserve Bank of St. Louis. Neither the Federal Reserve Bank of St. Louis nor Board of Governors of the Federal Reserve System endorses OpenEcon.