Overnight Bank Funding Rate (OBFR)
3.63% as of Jul 2, 2026 · Federal Reserve Bank of New York — Reference Rates
The volume-weighted median rate on overnight unsecured borrowings by banks in the federal funds and Eurodollar markets, published daily by the New York Fed.
2016–2026 · 2,597 observationssource: Federal Reserve Bank of New York — Reference Rates · vintage 2026-07-04
Methodology
Published by the Federal Reserve Bank of New York from FR 2420 transaction data, covering both fed funds and Eurodollar transactions (broader than EFFR alone). Ingested from the NY Fed Markets API; historical revisions are preserved as vintages.