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Re:Why America will soon see a wave of bank mergers by JumpCrisscross on Tuesday May 02, 2023 @02:59PM (#35792493)
The OBFR is the rate banks pay to borrow reserves from each other. You’re thinking of interest on reserves (IORB) [1], which is interest the Fed pays to interfere in that market.

[1] https://www.federalreserve.gov/monetarypolicy/reserve-balanc...

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