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 28 September 2026, as on 25 September 2026.
Sample. There are 18,169 observations in the daily time series displayed in the chart above. The time range covered by the series goes from July 1954 to September 2026.
History. Here's a snapshot of a few simple statistics computed on the full sample: the interest rate hit a maximum of 22.36 percent on 22 July 1981; it reached a minimum of 0.04 on 30 December 2011; it was equal on average to 4.60.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-09-24 | 3.88 |
| 2026-09-25 | 3.88 |
| 2026-09-28 | 3.88 |
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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 | 18169 | 1954-07-01 | 2026-09-28 |
Commercial paper
| Series Name | Observations | Start Date | End Date |
|---|---|---|---|
| 30-Day AA Nonfinancial Commercial Paper Interest Rate (percentage points) - United States - FED Board - Daily | 6996 | 1997-01-02 | 2026-09-25 |
| 60-Day AA Nonfinancial Commercial Paper Interest Rate (percentage points) - United States - FED Board - Daily | 6216 | 1997-01-02 | 2026-09-28 |
| 90-Day AA Nonfinancial Commercial Paper Interest Rate (percentage points) - United States - FED Board - Daily | 5305 | 1997-01-02 | 2026-09-21 |
| 30-Day AA Financial Commercial Paper Interest Rate (percentage points) - United States - FED Board - Daily | 6073 | 1997-01-02 | 2026-09-25 |
| 60-Day AA Financial Commercial Paper Interest Rate (percentage points) - United States - FED Board - Daily | 5783 | 1997-01-02 | 2026-09-28 |
| 90-Day AA Financial Commercial Paper Interest Rate (percentage points) - United States - FED Board - Daily | 6750 | 1997-01-02 | 2026-09-28 |
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 | 18135 | 1955-08-04 | 2026-09-28 |
Treasury bills
| Series Name | Observations | Start Date | End Date |
|---|---|---|---|
| 4-week Treasury bill secondary market rate (percentage points) - United States - FED Board - Daily | 6292 | 2001-07-31 | 2026-09-28 |
| 3-month Treasury bill secondary market rate (percentage points) - United States - FED Board - Daily | 18176 | 1954-01-04 | 2026-09-28 |
| 6-month Treasury bill secondary market rate (percentage points) - United States - FED Board - Daily | 16936 | 1958-12-09 | 2026-09-28 |
| 1-year Treasury bill secondary market rate (percentage points) - United States - FED Board - Daily | 15100 | 1959-07-15 | 2026-09-28 |