WASHINGTON, Nov. 14 (TNSFR) -- The Federal Reserve System has adopted final amendments to its regulation D, which revises the rate of interest paid on balances (IORB) maintained at Federal Reserve Banks by or on behalf of eligible institutions. The amendment establishes the IORB at 3.90 percent, a 0.25 percentage point decrease from its previous level.

This adjustment is intended to enhance the role of IORB in maintaining the federal funds rate within the target range set by the Fed . . .

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