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OBFR today: Overnight Bank Funding Rate

On , the Overnight Bank Funding Rate (OBFR) was 3.88%, unchanged from the business day before.

OBFR

3.88%

0 bp since the business day before

2 October 2026

Volume

$243 billion

2 October 2026

1st percentile

3.75%

Volume-weighted

99th percentile

3.95%

Volume-weighted

The Overnight Bank Funding Rate measures the cost of overnight unsecured bank borrowing, from federal funds and Eurodollar trades. The New York Fed publishes it each business day for the business day before.

OBFR over the last 30 business days

All reference rates
OBFR each business day, newest first (%; volume in $ billion)
DayRate1st pct.25th pct.75th pct.99th pct.Volume
3.88%3.75%3.87%3.88%3.95%243
3.88%3.80%3.87%3.88%3.95%256
3.88%3.78%3.88%3.88%3.95%162
3.88%3.80%3.87%3.88%3.94%228
3.88%3.78%3.87%3.88%3.93%218
3.88%3.80%3.87%3.88%3.93%225
3.88%3.78%3.87%3.88%3.94%245
3.88%3.80%3.87%3.88%3.93%248
3.88%3.80%3.87%3.88%3.93%248
3.88%3.80%3.87%3.88%3.93%236
Show 20 more rows
DayRate1st pct.25th pct.75th pct.99th pct.Volume
3.88%3.75%3.87%3.88%3.93%248
3.88%3.78%3.87%3.88%3.92%266
3.63%3.53%3.62%3.63%3.70%227
3.63%3.55%3.62%3.63%3.70%238
3.63%3.53%3.62%3.63%3.70%226
3.63%3.55%3.62%3.63%3.68%235
3.63%3.53%3.62%3.63%3.68%252
3.63%3.55%3.62%3.63%3.68%232
3.63%3.55%3.62%3.63%3.68%225
3.63%3.50%3.62%3.63%3.68%225
3.63%3.50%3.62%3.63%3.68%223
3.63%3.55%3.62%3.63%3.69%216
3.63%3.55%3.62%3.63%3.68%203
3.63%3.53%3.62%3.63%3.69%189
3.63%3.53%3.62%3.63%3.69%232
3.63%3.50%3.62%3.63%3.69%220
3.63%3.55%3.62%3.63%3.69%216
3.63%3.55%3.62%3.63%3.70%220
3.63%3.55%3.62%3.63%3.70%223
3.63%3.53%3.62%3.63%3.69%224

The table scrolls sideways; the first column stays in place.

OBFR at each month-end

OBFR, last business day of each month

%

OBFR, last business day of each month0.00%2.00%4.00%6.00%31 Mar 201630 Jun 202130 Sep 2026OBFR, last business day of each month0.00%2.00%4.00%6.00%31 Mar 201630 Jun 202130 Sep 2026

Source: Federal Reserve Bank of New York, Reference rates. Observed .

The numbers behind this chart
OBFR at each month-end, newest first (%)
Month-endRate
3.88%
3.63%
3.63%
3.63%
3.62%
3.64%
3.64%
3.63%
3.63%
3.65%
3.88%
3.86%
4.09%
4.33%
4.33%
4.33%
4.33%
4.33%
4.33%
4.33%
4.33%
4.33%
4.58%
4.83%
Show 103 more rows
Month-endRate
4.83%
5.32%
5.32%
5.32%
5.32%
5.32%
5.33%
5.32%
5.32%
5.32%
5.32%
5.32%
5.32%
5.32%
5.32%
5.07%
5.07%
4.81%
4.82%
4.57%
4.32%
4.33%
3.82%
3.06%
3.07%
2.31%
2.31%
1.57%
0.82%
0.32%
0.32%
0.07%
0.07%
0.07%
0.07%
0.06%
0.06%
0.05%
0.06%
0.06%
0.03%
0.03%
0.05%
0.07%
0.07%
0.08%
0.08%
0.08%
0.08%
0.08%
0.09%
0.08%
0.05%
0.04%
0.06%
1.58%
1.58%
1.55%
1.55%
1.57%
1.90%
2.11%
2.37%
2.38%
2.38%
2.45%
2.41%
2.40%
2.40%
2.40%
2.19%
2.19%
2.17%
1.91%
1.90%
1.90%
1.70%
1.69%
1.67%
1.35%
1.34%
1.33%
1.08%
1.07%
1.06%
1.07%
1.07%
1.06%
0.83%
0.83%
0.82%
0.57%
0.56%
0.55%
0.31%
0.31%
0.29%
0.30%
0.30%
0.30%
0.29%
0.30%
0.25%

Has the OBFR been revised?

No day since has been published twice.

The New York Fed may revise a rate the same afternoon if the change is more than one basis point. 500metrics keeps the first figure and shows the current one.

Source: Federal Reserve Bank of New York, Reference rates. Observed .

© 2026 Federal Reserve Bank of New York. Content from the New York Fed subject to the Terms of Use at newyorkfed.org. Changes in basis points are computed by 500metrics from the published rates.

The OBFR is subject to the Terms of Use posted at newyorkfed.org. The New York Fed is not responsible for publication of the OBFR by 500metrics, does not sanction or endorse any particular republication, and has no liability for your use.

500metrics is not affiliated with the New York Fed. The New York Fed does not sanction, endorse, or recommend any products or services offered by 500metrics.

Sources and licence

Sources and licence

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