2025-10-02 | 2025-19304The Board of Governors of the Federal Reserve System issued final amendments to Regulation D to revise the interest rate paid on reserve balances (IORB) to 4.15 percent. This 0.25 percentage point decrease aligns with the Federal Open Market Committee's decision to lower the federal funds rate target range to 4 to 4.25 percent. The Board determined that good cause exists to dispense with standard notice and comment procedures to ensure the prompt implementation of this monetary policy adjustment.