Observations

2025-05-20: 4.31

Updated: May 21, 2025 8:01 AM CDT

Units:

Percent,

Not Seasonally Adjusted

Frequency:

Daily

Notes

Title	Release Dates

Effective Federal Funds Rate: 1st Percentile	2016-03-02	2025-05-21

Source

Federal Reserve Bank of New York	2016-03-02	2025-05-21

Release

Federal Funds Data	2016-03-02	2025-05-21

Units

Percent	2016-03-02	2025-05-21

Frequency

Daily	2016-03-02	2025-05-21

Seasonal Adjustment

Not Seasonally Adjusted	2016-03-02	2025-05-21

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	2016-03-02	2025-05-21

Effective Federal Funds Rate: 1st Percentile (EFFR1)