Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the interest rate for excess balances?

balances excess Interest rate
0
Posted

What is the interest rate for excess balances?

0

On December 16, 2008, the Board of Governors amended its rules governing the payment of interest on reserves so that the interest rate on excess balances will be set equal to 25 basis points effective with the reserve maintenance periods beginning December 18, 2008.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123