Federal Funds Rate
3.63%
As of 2026-09-16
The effective federal funds rate is the volume-weighted median interest rate at which banks lend reserve balances overnight.
Federal Funds Rate History
Annual Federal Funds Rate
| Year | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| 2026 | 3.64% | 3.64% | 3.62% | 3.63% | -0.01% |
| 2025 | 4.33% | 4.33% | 3.64% | 3.64% | -0.69% |
| 2024 | 5.33% | 5.33% | 4.33% | 4.33% | -1.00% |
| 2023 | 4.33% | 5.33% | 4.33% | 5.33% | +1.00% |
| 2022 | 0.07% | 4.33% | 0.07% | 4.33% | +4.26% |
| 2021 | 0.09% | 0.10% | 0.05% | 0.07% | -0.02% |
| 2020 | 1.55% | 1.60% | 0.04% | 0.09% | -1.46% |
| 2019 | 2.40% | 2.45% | 1.55% | 1.55% | -0.85% |
| 2018 | 1.33% | 2.40% | 1.33% | 2.40% | +1.07% |
| 2017 | 0.55% | 1.42% | 0.55% | 1.33% | +0.78% |
| 2016 | 0.20% | 0.66% | 0.20% | 0.55% | +0.35% |
| 2015 | 0.06% | 0.37% | 0.06% | 0.20% | +0.14% |
| 2014 | 0.07% | 0.13% | 0.06% | 0.06% | -0.01% |
| 2013 | 0.09% | 0.17% | 0.06% | 0.07% | -0.02% |
| 2012 | 0.04% | 0.19% | 0.04% | 0.09% | +0.05% |
| 2011 | 0.13% | 0.19% | 0.04% | 0.04% | -0.09% |
| 2010 | 0.05% | 0.22% | 0.05% | 0.13% | +0.08% |
| 2009 | 0.14% | 0.25% | 0.05% | 0.05% | -0.09% |
| 2008 | 3.06% | 4.27% | 0.09% | 0.14% | -2.92% |
| 2007 | 5.17% | 5.41% | 3.06% | 3.06% | -2.11% |
| 2006 | 4.09% | 5.34% | 4.09% | 5.17% | +1.08% |
| 2005 | 1.97% | 4.30% | 1.97% | 4.09% | +2.12% |
| 2004 | 0.94% | 2.34% | 0.92% | 1.97% | +1.03% |
| 2003 | 1.16% | 1.45% | 0.86% | 0.94% | -0.22% |
| 2002 | 1.52% | 1.92% | 1.15% | 1.16% | -0.36% |
| 2001 | 5.41% | 6.67% | 1.19% | 1.52% | -3.89% |
| 2000 | 3.99% | 7.03% | 3.99% | 5.41% | +1.42% |
| 1999 | 4.07% | 5.76% | 3.99% | 3.99% | -0.08% |
| 1998 | 5.84% | 7.06% | 4.07% | 4.07% | -1.77% |
| 1997 | 6.26% | 7.07% | 4.63% | 5.84% | -0.42% |
| 1996 | 4.73% | 7.80% | 4.73% | 6.26% | +1.53% |
| 1995 | 4.94% | 7.41% | 4.73% | 4.73% | -0.21% |
| 1994 | 2.85% | 6.56% | 2.85% | 4.94% | +2.09% |
| 1993 | 2.66% | 3.99% | 2.66% | 2.85% | +0.19% |
| 1992 | 4.09% | 4.98% | 2.58% | 2.66% | -1.43% |
| 1991 | 5.53% | 10.39% | 4.09% | 4.09% | -1.44% |
| 1990 | 7.97% | 9.53% | 5.53% | 5.53% | -2.44% |
| 1989 | 9.04% | 10.71% | 7.97% | 7.97% | -1.07% |
| 1988 | 6.89% | 9.64% | 5.72% | 9.04% | +2.15% |
| 1987 | 14.35% | 14.35% | 5.52% | 6.89% | -7.46% |
| 1986 | 13.46% | 16.17% | 5.56% | 14.35% | +0.89% |
| 1985 | 8.74% | 13.46% | 6.73% | 13.46% | +4.72% |
| 1984 | 9.92% | 12.31% | 6.93% | 8.74% | -1.18% |
| 1983 | 11.20% | 11.20% | 8.22% | 9.92% | -1.28% |
| 1982 | 13.13% | 16.80% | 8.36% | 11.20% | -1.93% |
| 1981 | 22.00% | 22.36% | 11.83% | 13.13% | -8.87% |
| 1980 | 14.77% | 22.00% | 7.65% | 22.00% | +7.23% |
| 1979 | 10.84% | 17.60% | 8.34% | 14.77% | +3.93% |
| 1978 | 6.53% | 10.89% | 6.50% | 10.84% | +4.31% |
| 1977 | 4.17% | 7.10% | 4.07% | 6.53% | +2.36% |
| 1976 | 5.37% | 5.71% | 4.12% | 4.17% | -1.20% |
| 1975 | 3.87% | 8.55% | 2.99% | 5.37% | +1.50% |
| 1974 | 9.83% | 14.33% | 3.87% | 3.87% | -5.96% |
| 1973 | 5.50% | 13.00% | 5.25% | 9.83% | +4.33% |
| 1972 | 3.00% | 6.00% | 3.00% | 5.50% | +2.50% |
| 1971 | 3.00% | 5.75% | 2.25% | 3.00% | +0.00% |
| 1970 | 5.00% | 9.75% | 3.00% | 3.00% | -2.00% |
| 1969 | 4.00% | 10.50% | 4.00% | 5.00% | +1.00% |
| 1968 | 4.50% | 6.88% | 2.50% | 4.00% | -0.50% |
| 1967 | 5.00% | 5.75% | 2.00% | 4.50% | -0.50% |
| 1966 | 4.63% | 6.25% | 1.50% | 5.00% | +0.37% |
| 1965 | 4.00% | 4.63% | 1.00% | 4.63% | +0.63% |
| 1964 | 3.25% | 4.00% | 1.00% | 4.00% | +0.75% |
| 1963 | 3.00% | 3.50% | 0.75% | 3.25% | +0.25% |
| 1962 | 2.50% | 3.00% | 0.25% | 3.00% | +0.50% |
| 1961 | 3.00% | 3.00% | 0.13% | 2.50% | -0.50% |
| 1960 | 4.00% | 4.00% | 0.25% | 3.00% | -1.00% |
| 1959 | 2.38% | 4.00% | 1.50% | 4.00% | +1.62% |
| 1958 | 3.00% | 3.00% | 0.13% | 2.38% | -0.62% |
| 1957 | 3.00% | 3.50% | 1.00% | 3.00% | +0.00% |
| 1956 | 2.50% | 3.00% | 1.00% | 3.00% | +0.50% |
| 1955 | 1.44% | 2.50% | 0.50% | 2.50% | +1.06% |
| 1954 | 1.13% | 1.44% | 0.13% | 1.44% | N/A |