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Overnight Bank Funding Rate (OBFR)

Observations

2025-12-04: 3.89
Updated: Dec 5, 2025 8:02 AM CST
2025-12-04:  3.89  
2025-12-03:  3.89  
2025-12-02:  3.89  
2025-12-01:  3.89  
2025-11-28:  3.88  

Units:

Percent,
Not Seasonally Adjusted

Frequency:

Daily

Fullscreen

Notes

Title Release Dates
Overnight Bank Funding Rate 2016-03-02 2025-12-05
 
Source    
Federal Reserve Bank of New York 2016-03-02 2025-12-05
 
Release    
Overnight Bank Funding Rate Data 2016-03-02 2025-12-05
 
Units    
Percent 2016-03-02 2025-12-05
 
Frequency    
Daily 2016-03-02 2025-12-05
 
Seasonal Adjustment    
Not Seasonally Adjusted 2016-03-02 2025-12-05
 
Notes    
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.
Volume-weighted median is the rate associated with transactions at the 50th percentile of transaction volume. Specifically, the volume-weighted median rate is calculated by ordering the transactions from lowest to highest rate, taking the cumulative sum of volumes of these transactions, and identifying the rate associated with the trades at the 50th percentile of dollar volume. The published rates are the volume-weighted median transacted rate, rounded to the nearest basis point.
For more information, see https://www.newyorkfed.org/markets/obfrinfo

2016-03-02 2025-12-05

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International Banking Facilities New York Fed Overnight Percentile Daily Banks Depository Institutions Rate Copyrighted: Citation Required Nation United States of America Not Seasonally Adjusted