Reserve Interest
Interest on reserve balances: the IORB rate recorded by a treasury officer and approved by a second, the daily accrual on the master account (Dr 1470 / Cr 4020, actual/360) at end of day, and the Federal Reserve's credit matched against it.
OBJECTThe Reserve Interest objectInterest on reserve balances: the IORB rate recorded by a treasury officer and approved by a second, the daily accrual on the master account (Dr 1470 / Cr 4020, actual/360) at end of day, and the Federal Reserve's credit matched against it.GETDaily interest on the Federal Reserve master account for a period
/ledger/reserve-interest/accruals · The daily interest accrued on the Federal Reserve master account for a period: the balance, the rate that applied, the actual/360 day count and the journal on GL 1470 and 4020POSTRecord the interest on reserve balances rate from a date, pending independent review (treasury staff)/ledger/reserve-interest/rates · Record the interest on reserve balances (IORB) rate from a date, pending independent reviewGETList IORB rate instructions and their reviews/ledger/reserve-interest/rates · List the IORB rate instructions and their reviews, newest firstPOSTHand-enter the Federal Reserve's interest credit for an accrued period (treasury staff; the contingency when no Statement of Account arrives, settled only on review)/ledger/reserve-interest/settlements · Record the Federal Reserve's credit of the accrued interest, entered by treasury staffGETList Federal Reserve interest credits, optionally by status (pending_review is the treasury checker's queue)/ledger/reserve-interest/settlementsPOSTPropose the Federal Reserve's interest credit read off its Statement of Account (the reporting service's statement feed), matched to the accrual; nothing posts until a treasury checker reviews it/ledger/reserve-interest/statement-credits · Feed the interest credit read off the Federal Reserve's master account reportGETRead a retained Federal Reserve interest credit/ledger/reserve-interest/settlements/{id} · Read one recorded credit, its accrued period and its reviewPOSTApprove or reject an IORB rate (a treasury checker other than its maker)/ledger/reserve-interest/rates/{id}/review · Approve or reject a recorded IORB ratePOSTSettle or reject a proposed interest credit (a treasury checker other than its maker)/ledger/reserve-interest/settlements/{id}/review · Approve or reject a credit that differs from the accrual