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US Federal Funds Rate

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FDFD:IND
0.14000
USD
0.03000
27.27%
Open
0.14000
Day Range
0.11000 - 0.23000
Previous Close
0.11000
52Wk Range
0.03000 - 0.35000
Open
0.14000
Day Range
0.11000 - 0.23000
Previous Close
0.11000
52Wk Range
0.03000 - 0.35000
Profile
This rate represents the last rate received from ICAP when their feed closes at about 6:00pm. It is not to be confused with the Federal Banks closing rate. Rates fluctuate based on the low & high rates traded by ICAP's group of brokers. The Federal Bank's rate on FEDL01 Index is a daily overnight volume weighted average that is calculated the day after closing for the previous day. Last trade - unsecured overnight lending rate between banks which are members of the Federal Reserve System to meet reserve requirement. Quoted on a actual/360 basis. This market may experience extreme high and low rates on quarter end and other technical calendar dates due to balance sheet positioning by financial institutions or cash supply aberrations such as quarterly tax payments. Note: Closing value of 1.0% for 12/31/00 is correct. Closing value of 2.5% for 10/12/05 is correct.Closing value of .05 for 03/29/13 is correct.
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