What does IOER mean in Banking?
This page is about the meanings of the acronym/abbreviation/shorthand IOER in the Business field in general and in the Banking terminology in particular.
Interest On Excess Reserves
Federal reserve system pays interest on reserve balances (required & excess) held by depository institutions. Reference - http://en.wikipedia.org/wiki/Federal_Reserve_System#Interest_on_reserves
Submitted by WerterBuch on December 17, 2013
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"IOER." Abbreviations.com. STANDS4 LLC, 2024. Web. 1 May 2024. <https://www.abbreviations.com/term/1449315>.
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