Federal funds effective rate (percentage points) - United States - FED Board - Daily
This series is part of the dataset: US money market rates (FED Board)
Download Full Dataset (.xlsx)Latest updates. In US money markets, the effective interest rate on Federal funds stood at 3.88 percent on 17 September 2026, versus 3.63 on 16 September 2026.
Sample. In this daily time series, there are 18,162 data points. The time period covered by the series is from July 1954 to September 2026.
History. Check out a few statistics computed on the whole sample: the interest rate had a mean value of 4.60 percent; it hit a minimum of 0.04 on 30 December 2011; it reached its maximum of 22.36 on 22 July 1981.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-09-15 | 3.63000 |
| 2026-09-16 | 3.63000 |
| 2026-09-17 | 3.88000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Federal funds effective rate |
| Country | United States |
| Economic concept | Interest rate |
| Data type | Interest rate |
| Deflation method | Nominal |
| Seasonally adjusted | No |
| Rescaling | None |
| Frequency | Daily |
| Unit | Percentage points |
| Source | Board of Governors of the Federal Reserve System |
| Source type | Central bank |
| Data licence | Licence to copy and distribute without permission |
| Measure type | Level |
Series in the same data set
Discover the other time series included in this data set.
Fed funds
| Series Name | Observations | Start Date | End Date |
|---|---|---|---|
| Federal funds effective rate (percentage points) - United States - FED Board - Daily | 18162 | 1954-07-01 | 2026-09-17 |
Commercial paper
| Series Name | Observations | Start Date | End Date |
|---|---|---|---|
| 30-Day AA Nonfinancial Commercial Paper Interest Rate (percentage points) - United States - FED Board - Daily | 6990 | 1997-01-02 | 2026-09-17 |
| 60-Day AA Nonfinancial Commercial Paper Interest Rate (percentage points) - United States - FED Board - Daily | 6209 | 1997-01-02 | 2026-09-17 |
| 90-Day AA Nonfinancial Commercial Paper Interest Rate (percentage points) - United States - FED Board - Daily | 5304 | 1997-01-02 | 2026-09-17 |
| 30-Day AA Financial Commercial Paper Interest Rate (percentage points) - United States - FED Board - Daily | 6072 | 1997-01-02 | 2026-09-04 |
| 60-Day AA Financial Commercial Paper Interest Rate (percentage points) - United States - FED Board - Daily | 5780 | 1997-01-02 | 2026-09-09 |
| 90-Day AA Financial Commercial Paper Interest Rate (percentage points) - United States - FED Board - Daily | 6747 | 1997-01-02 | 2026-09-11 |
Prime bank rate
| Series Name | Observations | Start Date | End Date |
|---|---|---|---|
| Prime rate charged by banks on short-term loans to business (percentage points) - United States - FED Board - Weekly | 18128 | 1955-08-04 | 2026-09-17 |
Treasury bills
| Series Name | Observations | Start Date | End Date |
|---|---|---|---|
| 4-week Treasury bill secondary market rate (percentage points) - United States - FED Board - Daily | 6285 | 2001-07-31 | 2026-09-17 |
| 3-month Treasury bill secondary market rate (percentage points) - United States - FED Board - Daily | 18169 | 1954-01-04 | 2026-09-17 |
| 6-month Treasury bill secondary market rate (percentage points) - United States - FED Board - Daily | 16929 | 1958-12-09 | 2026-09-17 |
| 1-year Treasury bill secondary market rate (percentage points) - United States - FED Board - Daily | 15093 | 1959-07-15 | 2026-09-17 |