Federal Reserve Economic Data: Your trusted data source since 1991

Overnight Bank Funding Rate: 99th Percentile (OBFR99)


2024-05-29: 5.38 (+ more)   Updated: May 30, 2024 8:01 AM CDT
2024-05-29:  5.38  
2024-05-28:  5.40  
2024-05-27:  .  
2024-05-24:  5.40  
2024-05-23:  5.40  
View All


Not Seasonally Adjusted




Source: Federal Reserve Bank of New York  

Release: Overnight Bank Funding Rate Data  

Units:  Percent, Not Seasonally Adjusted

Frequency:  Daily


The overnight bank funding rate is calculated using federal funds transactions and certain Eurodollar transactions. 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, while the Eurodollar market consists of unsecured U.S. dollar deposits held at banks or bank branches outside of the United States. U.S.-based banks can also take Eurodollar deposits domestically through international banking facilities (IBFs). The overnight bank funding rate (OBFR) is calculated as a volume-weighted median of overnight federal funds transactions and Eurodollar transactions reported in the FR 2420 Report of Selected Money Market Rates. For more information, see https://www.newyorkfed.org/markets/obfrinfo

Suggested Citation:

Federal Reserve Bank of New York, Overnight Bank Funding Rate: 99th Percentile [OBFR99], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/OBFR99, May 30, 2024.


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