# Fed Sets Reserve-Balance Rate at 3.90%, Effective Oct. 29 By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/43114 Published: 2026-10-29T00:49:56.000Z Updated: 2026-10-29T00:49:56.000Z Section: Regulation > The Board of Governors set the rate as the FOMC kept its federal funds target range at 3.75% to 4%. The interest rate paid on reserve balances is 3.90%, effective Thursday, Oct. 29. The Board’s decision accompanied the Federal Open Market Committee’s vote to leave the federal funds target range at 3.75% to 4% on Wednesday. The FOMC approved the hold by a 10-2 vote. Cook and Hammack cast the two dissenting votes, supporting a quarter-point increase. The committee also reiterated its intention to keep reserve supplies in the banking system ample. The [FOMC’s rate decision and dissents]() were announced at 2 p.m. ET (18:00 UTC). ## Links in this article - [FOMC’s rate decision and dissents](https://www.tokenpost.com/news/regulation/42869)