Effective Federal Funds Rate: 1.83 % as of 10-28-2019

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).

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Stats

Last Value 1.83 %
Latest Period 2019-10-28
Last Updated 2019-10-29 08:01:02-05
Frequency D
Average Growth Rate 0.37
Long Term Average 1.68
Value from 1 Year Ago
Change from 1 Year Ago
Unit %
Adjustment %

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