Overnight Bank Funding Rate Data
 

The overnight bank funding rate is calculated using federal funds transactions and certain Eurodollar transactions. 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, while the Eurodollar market consists of unsecured U.S. dollar deposits held at banks or bank branches outside of the United States. U.S.-based banks can also take Eurodollar deposits domestically through international banking facilities (IBFs).

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

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

To access historical data, please see: Overnight Bank Funding Rate Historical Search

Use of the OBFR 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.

  
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OVERNIGHT BANK FUNDING RATE DATA
Statistics on the overnight bank funding rate
  
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DATE OBFR
(Percent) 		PERCENTILES
VOLUME (US$ BILLIONS)
1ST
(Percent) 		25TH
(Percent) 		75TH
(Percent) 		99TH
(Percent)
10/18 2.18 1.80 2.17 2.19 2.34 123
10/17 2.18 1.85 2.17 2.19 2.35 125
10/16 2.18 1.85 2.17 2.19 2.35 120
10/15 2.18 1.80 2.17 2.19 2.35 119
10/12 2.18 1.85 2.17 2.18 2.35 129
10/11 2.18 1.85 2.17 2.19 2.35 135
10/10 2.18 1.85 2.17 2.19 2.27 133
10/09 2.18 1.40 2.16 2.18 2.35 127
10/08 Holiday, no data.
10/05 2.18 1.85 2.16 2.19 2.35 123
10/04 2.18 1.85 2.16 2.18 2.32 132
10/03 2.17 1.85 2.16 2.19 2.31 133
10/02 2.17 1.85 2.16 2.18 2.35 133
10/01 2.17 1.85 2.16 2.18 2.35 131
09/28 2.17 1.85 2.16 2.18 2.35 145
09/27 2.17 1.85 2.16 2.18 2.30 144
09/26 1.92 1.60 1.91 1.93 2.05 144
09/25 1.92 1.60 1.91 1.93 2.05 150
09/24 1.92 1.70 1.91 1.93 2.06 142
09/21 1.92 1.60 1.91 1.93 2.06 138
09/20 1.92 1.60 1.91 1.93 2.06 137
09/19 1.92 1.72 1.91 1.93 2.06 133
09/18 1.91 1.60 1.91 1.93 2.06 125
09/17 1.91 1.60 1.91 1.93 2.06 118
09/14 1.91 1.60 1.90 1.92 2.06 132
09/13 1.91 1.80 1.91 1.92 2.03 140
 
OVERNIGHT BANK FUNDING RATE CHART
 
The New York Fed publishes the OBFR 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 OBFR 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


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.