Effective Federal Funds Rate in the United States remained unchanged at 3.64 percent on Tuesday February 17. Effective Federal Funds Rate in the United States averaged 4.60 percent from 1954 until 2026, reaching an all time high of 22.36 percent in July of 1981 and a record low of 0.04 percent in December of 2011. source: Federal Reserve Bank of New York



Related Last Previous Unit Reference
Bank Lending Rate 6.75 6.75 percent Jan 2026
Effective Federal Funds Rate 3.64 3.64 percent Feb 2026
Fed Interest Rate 3.75 3.75 percent Jan 2026
Proxy Funds Rate 3.56 3.67 percent Jan 2026
Secured Overnight Financing Rate 3.71 3.66 percent Feb 2026


United States Effective Federal Funds Rate
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. The effective federal funds rate (EFFR) is calculated as a volume-weighted median of overnight federal funds transactions reported in the FR 2420 Report of Selected Money Market Rates.
Actual Previous Highest Lowest Dates Unit Frequency
3.64 3.64 22.36 0.04 1954 - 2026 percent Daily