Source: Federal Reserve Bank of New York
Release: Federal Funds Data
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.
For more information, see https://www.newyorkfed.org/markets/obfrinfo
Federal Reserve Bank of New York, Effective Federal Funds Rate: Intraday Low (DISCONTINUED) [EFFRL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/EFFRL, September 24, 2020.