current rates set by FED: 1️⃣ ON RRP - 4.25% (floor) - firms won't lend below 2️⃣ IORB - 4.40% (supplementary floor) - banks won't lend below 3️⃣ Discount Rate - 4.50% (ceiling) - banks won't borrow above 4️⃣ SRF - 4.50% (supplementary ceiling) - banks & firms won't borrow above