NY Fed | Fed Funds http://newyorkfed.org/rss/index.html The effective federal funds rate (EFFR) is an interest rate at which depository institutions borrow overnight unsecured U.S. dollars domestically from eligible entities, such as other depository institutions and government-sponsored enterprises. Federal Reserve Bank of New York https://apps.newyorkfed.org:443/en/markets/autorates/fed funds US: 1.16 FedFunds 2017-10-16 NYFed daily effective fed funds rate https://apps.newyorkfed.org:443/en/markets/autorates/fed funds daily effective federal funds rate for 10/16 is 1.16 10/17/2017 8:48:20 AM-05:00 en US NYFed 1.16 daily effective fed funds