Annual Average Federal Funds
Rate
THE FEDERAL FUNDS RATE IS THE COST OF BORROWING
IMMEDIATELY AVAILABLE FUNDS, PRIMARILY FOR ONE DAY. THE
EFFECTIVE RATE IS A WEIGHTED AVERAGE OF THE REPORTED RATES AT WHICH
DIFFERENT AMOUNTS OF THE DAY'S TRADING THROUGH NEW YORK BROKERS
OCCURS.
Annual Average Federal Fund Rate
1992 3.52
1993 3.02
1994 4.21
1995 5.83
1996 5.30
1997 5.46
1998 5.35
1999 4.97
2000 6.24
2001 3.88
2002 1.67
2003 1.13
2004 1.35
2005 3.22
2006 4.97
2007 5.02
2008 1.92
2009 0.16
2010 0.18
2011 0.10
2012 0.14
2013 0.11
2014 0.09
2015 0.13
2016 0.40
2017 1.00
2018 1.79
2019 1.26
2020 0.38
2021 0.08
2022 1.69
2023 5.03
The above information was obtained from The Board of Governor of the Federal Reserve
System .
|