Federal Funds Data
 

The federal funds market consists of domestic unsecured borrowings in U.S. dollars by depository institutions from other depository institutions and certain other entities, primarily government-sponsored enterprises.

The effective federal funds rate (EFFR) is calculated as a volume-weighted median of overnight federal funds transactions reported in the FR 2420 Report of Selected Money Market Rates.a The New York Fed publishes the EFFR for the prior business day on the New York Fed’s website at approximately 9:00 a.m.b

For more information on the production of the EFFR, please see: Additional Information about the EFFR and OBFR

To access historical data, please see: Federal Funds Data Historical Search

Download the Daily Brokered Federal Funds Volumes from October 2006 - February 2016 

Use of the EFFR is subject to important disclaimers, limitations and indemnification obligations. See the Terms of Use. The New York Fed has no liability for publication of the rate on this webpage or in any other sources.

The Federal Open Market Committee establishes the target rate, or range, for trading in the federal funds market.

  

 
  Printer version
E-mail Alert E-mail alert
RSS Feed RSS feed
Federal Funds Data
Statistics on overnight trading in the federal funds market

See Federal Funds Chart

  Export to:
Excel | XML: Volume | Rates
date effr
(Percent)
Percentiles Volume
(US$ Billions)
target rate/range
(Percent)
 
1ST
(Percent)
25TH
(Percent)
75TH
(Percent)
99TH
(Percent)
05/25 0.91
86 0.75 - 1.00  
05/24 0.91
79 0.75 - 1.00  
05/23 0.91
79 0.75 - 1.00  
05/22 0.91
80 0.75 - 1.00  
05/19 0.91
82 0.75 - 1.00  
05/18 0.91
73 0.75 - 1.00  
05/17 0.91
80 0.75 - 1.00  
05/16 0.91
79 0.75 - 1.00  
05/15 0.91
83 0.75 - 1.00  
05/12 0.91
78 0.75 - 1.00  
05/11 0.91
73 0.75 - 1.00  
05/10 0.91
73 0.75 - 1.00  
05/09 0.91
74 0.75 - 1.00  
05/08 0.91
78 0.75 - 1.00  
05/05 0.91
79 0.75 - 1.00  
05/04 0.91
74 0.75 - 1.00  
05/03 0.91
75 0.75 - 1.00  
05/02 0.91
71 0.75 - 1.00  
05/01 0.91
70 0.75 - 1.00  
04/28 0.83
65 0.75 - 1.00  
04/27 0.91
72 0.75 - 1.00  
04/26 0.91
74 0.75 - 1.00  
04/25 0.91
68 0.75 - 1.00  
04/24 0.91
69 0.75 - 1.00  
04/21 0.91
73 0.75 - 1.00  
 
Federal Funds Chart

 
The New York Fed publishes the EFFR for general information purposes and you assume the risk for your use. The New York Fed reserves the right to alter the methods of calculation, publication schedule, rate revision practices or availability of the EFFR and the right to cease publication. The rate is provided without warranty of any kind. The New York Fed is not liable in any way for your use of the rate. See the Terms of Use.



r Revised
1 Rate was calculated with reduced volume
2 Rate was calculated using brokered data
3 Because of insufficient current data, the published rate is a republication of the prior day's rate
Note starting with the March 1, 2016 rate, the published fields changed. To view historical data fields use the Federal Funds Data Historical Search.


a The data source and the calculation methodology changed starting with the March 1, 2016 rate. For background on these technical changes, please see the following statements:
  Statement Regarding Planned Changes to the Calculation of the Federal Funds Effective Rate and the Publication of an Overnight Bank Funding Rate
  Statement Regarding the Calculation Methodology for the Effective Federal Funds Rate and Overnight Bank Funding Rate
  Statement Regarding the Implementation of Planned Changes to the Effective Federal Funds Rate and Publication of the Overnight Bank Funding Rate
b Business days are defined as any day of the work week other than holidays observed by the New York Fed.