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Effective Federal Funds Rate (EFFR)

Observations

2026-09-17: 3.88
Updated: Sep 18, 2026 8:02 AM CDT
2026-09-17:  3.88  
2026-09-16:  3.63  
2026-09-15:  3.63  
2026-09-14:  3.63  
2026-09-11:  3.63  

Units:

Percent,
Not Seasonally Adjusted

Frequency:

Daily

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Notes

Title Release Dates
Effective Federal Funds Rate 2016-03-01 2026-09-18
 
Source    
Federal Reserve Bank of New York 2016-03-01 2026-09-18
 
Release    
Federal Funds Data 2016-03-01 2026-09-18
 
Units    
Percent 2016-03-01 2026-09-18
 
Frequency    
Daily 2016-03-01 2026-09-18
 
Seasonal Adjustment    
Not Seasonally Adjusted 2016-03-01 2026-09-18
 
Notes    
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.

For more information, see https://www.newyorkfed.org/markets/obfrinfo

2016-03-01 2019-07-01
For additional historical federal funds rate data, please see Daily Federal Funds Rate from 1928-1954 (https://fred.stlouisfed.org/categories/33951).

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.

For more information, visit the Federal Reserve Bank of New York (https://www.newyorkfed.org/markets/obfrinfo).

2019-07-02 2026-09-18

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New York Fed Federal Daily Rate Copyrighted: Citation Required Nation United States of America Not Seasonally Adjusted