G17: Seasonal factors for auto and truck sales have been released

Published on July 30, 2015

Seasonal factors for auto and truck sales have been released. A Technical Q&A has also been prepared that addresses how the seasonal factors for light vehicle sales are calculated. Details can be found here.

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PRATES: Change to the Payment of Interest on Excess Reserve Balances

July 23, 2015
As previously announced, effective July 23, 2015, the Federal Reserve Board changed the formula for calculating interest for depository institutions with excess balances. The new formula is based on the daily interest rate on excess reserves (IOER rate) and the daily balance maintained. The IOER and IORR rates effective for a given day are now published on the "Interest on Required Balances and

H3: Change to the Payment of Interest on Excess Reserve Balances

July 30, 2015
As previously announced, effective July 23, 2015, the Federal Reserve Board changed the formula for calculating interest for depository institutions with excess balances. The new formula is based on the daily interest rate on excess reserves (IOER rate) and the daily balance maintained, rather than the maintenance period IOER rate and the average balance maintained over the maintenance period. The