Illya Gerasymchuk
Entrepreneur / Engineer
Interest on Reserve Balances (IORB) is the rate FED pays banks on their excess reserves commercial banks have reserve accounts at the FED. regulations define the minimum amounts - any excess earns the IORB interest rate set by the FED
the 4 key interest rates set by the FED are: 1️⃣ Overnight Reverse Repo Rate (ON RRP) 2️⃣ Interest on Reserve Balances (IORB) 3️⃣ Discount Rate - also known as Lending Rate 4️⃣ Standing Repo Facility (SRF) we'l cover them in this order in follow-up posts
