The interest rate that banks charge one another for the loan of excess reserves is the:

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The interest rate that banks charge one another for the loan of excess reserves is known as the federal funds rate. This rate is determined by the supply and demand for overnight loans between banks and is closely monitored by the Federal Reserve, as it is a key factor in controlling the money supply and achieving the Fed's target interest rate. The prime interest rate is the rate that banks charge their most creditworthy customers, whereas the discount rate is the rate at which banks can borrow from the Fed, and the interest on reserves is the rate paid by the Fed to banks for holding excess reserves.

The Interest Rate That Banks Charge One Another for the Loan