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 3.64 percent on 29 December 2025, the same value recorded on 26 December 2025.
Sample. There are 17,980 observations overall in the daily time series displayed in the plot above. The span of time covered by the series stretches from July 1954 to December 2025.
History. Take a look at some simple statistics we calculated on the full sample: the interest rate recorded a bottom of 0.04 percent on 30 December 2011; it recorded its highest level of 22.36 on 22 July 1981; it averaged 4.61.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-24 | 3.64 |
| 2025-12-26 | 3.64 |
| 2025-12-29 | 3.64 |
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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 | 17980 | 1954-07-01 | 2025-12-29 |
Commercial paper
| Series Name | Observations | Start Date | End Date |
|---|---|---|---|
| 30-Day AA Nonfinancial Commercial Paper Interest Rate (percentage points) - United States - FED Board - Daily | 6827 | 1997-01-02 | 2025-12-26 |
| 60-Day AA Nonfinancial Commercial Paper Interest Rate (percentage points) - United States - FED Board - Daily | 6076 | 1997-01-02 | 2025-12-19 |
| 90-Day AA Nonfinancial Commercial Paper Interest Rate (percentage points) - United States - FED Board - Daily | 5228 | 1997-01-02 | 2025-12-10 |
| 30-Day AA Financial Commercial Paper Interest Rate (percentage points) - United States - FED Board - Daily | 6023 | 1997-01-02 | 2025-12-18 |
| 60-Day AA Financial Commercial Paper Interest Rate (percentage points) - United States - FED Board - Daily | 5744 | 1997-01-02 | 2025-12-19 |
| 90-Day AA Financial Commercial Paper Interest Rate (percentage points) - United States - FED Board - Daily | 6651 | 1997-01-02 | 2025-12-23 |
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 | 17942 | 1955-08-04 | 2025-12-29 |
Treasury bills
| Series Name | Observations | Start Date | End Date |
|---|---|---|---|
| 4-week Treasury bill secondary market rate (percentage points) - United States - FED Board - Daily | 6104 | 2001-07-31 | 2025-12-29 |
| 3-month Treasury bill secondary market rate (percentage points) - United States - FED Board - Daily | 17988 | 1954-01-04 | 2025-12-29 |
| 6-month Treasury bill secondary market rate (percentage points) - United States - FED Board - Daily | 16748 | 1958-12-09 | 2025-12-29 |
| 1-year Treasury bill secondary market rate (percentage points) - United States - FED Board - Daily | 14912 | 1959-07-15 | 2025-12-29 |