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Federal Funds Data

By trading government securities, the New York Fed affects the federal funds rate, which is the interest rate at which depository institutions lend balances to each other overnight. The Federal Open Market Committee establishes the target rate for trading in the federal funds market.

Note: The New York Fed discontinued publication of period-to-date and month-to-date average values as of August 21, 2006.

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To access historical data, please use our new Fed Funds historical search tool and other existing tools. See:

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Federal Funds
Statistics on overnight trading in the federal funds market		  
  Export to:
Excel
 
date
daily1
Range
std. dev.


[XML]
target rate2


[XML] 		 
low 
[XML]
high
[XML]
 
10/17*
0.15
0.03
0.00 - 0.25
 
 
10/16
0.16
0.03
0.00 - 0.25
 
 
10/15
0.16
0.03
0.00 - 0.25
 
 
10/12
0.16
0.03
0.00 - 0.25
 
 
10/11
0.16
0.03
0.00 - 0.25
 
 
10/10
0.16
0.04
0.00 - 0.25
 
 
10/09
0.16
0.03
0.00 - 0.25
 
  10/08 Holiday - No data.
 
10/05
0.15
0.04
0.00 - 0.25
 
 
10/04
0.15
0.04
0.00 - 0.25
 
 
10/03*
0.16
0.03
0.00 - 0.25
 
 
10/02
0.16
0.03
0.00 - 0.25
 
 
10/01
0.15
0.04
0.00 - 0.25
 
 
09/28
0.09
0.06
0.00 - 0.25
 
 
09/27
0.14
0.04
0.00 - 0.25
 
 
09/26
0.15
0.04
0.00 - 0.25
 
 
09/25
0.15
0.04
0.00 - 0.25
 
 
09/24
0.16
0.04
0.00 - 0.25
 
 
09/21
0.15
0.04
0.00 - 0.25
 
 
09/20
0.16
0.04
0.00 - 0.25
 
 
09/19*
0.15
0.04
0.00 - 0.25
 
 
09/18
0.16
0.04
0.00 - 0.25
 
 
09/17
0.16
0.04
0.00 - 0.25
 
 
09/14
0.16
0.05
0.00 - 0.25
 
 
09/13
0.15
0.04
0.00 - 0.25
 
 

* Indicates the last day of a maintenance period.
 

r Revised.
 

1 The daily effective federal funds rate is a volume-weighted average of rates on trades arranged by major brokers. The effective rate is calculated by the Federal Reserve Bank of New York using data provided by the brokers and is subject to revision.
 

2 On December 16, 2008, the Federal Open Market Committee established a target range for the federal funds rate of 0 to 1/4 percent.