US Overnight bank funding interest rate - 75th percentile
US Overnight bank funding interest rate - 75th percentile stood at 3.88% on Oct 15, 2026, according to Office of Financial Research (Short-term Funding Monitor). It is one of the indicators in the Overnight interest rate distribution table (Value · Daily), with a complete series running from Mar 1, 2016 to Oct 15, 2026. The complete series with an interactive chart, free to download.
This indicator in the Overnight interest rate distribution table
| Indicator | 15-10-2026 | 14-10-2026 | 13-10-2026 | 09-10-2026 | 08-10-2026 | 07-10-2026 | 06-10-2026 | 05-10-2026 | 02-10-2026 | 01-10-2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Overnight bank funding interest rate (OBFR) | 3.88 | 3.88 | 3.88 | 3.88 | 3.88 | 3.88 | 3.88 | 3.88 | 3.88 | 3.88 | |
| Overnight bank funding interest rate - 75th percentile | 3.88 | 3.88 | 3.88 | 3.88 | 3.88 | 3.88 | 3.88 | 3.88 | 3.88 | 3.88 | |
| Overnight bank funding interest rate - 99th percentile | 3.94 | 3.93 | 3.95 | 3.95 | 3.95 | 3.94 | 3.93 | 3.94 | 3.95 | 3.95 |
Understanding US Overnight bank funding interest rate - 75th percentile
The US Overnight bank funding interest rate - 75th percentile measures the upper quartile of costs for unsecured short-term funding across the broader universe of bank liabilities, including eurodollar and deposit transactions. It reflects the conditions faced by institutions paying higher rates to secure overnight liquidity within this expanded market scope. This series differs from median indicators by emphasizing the upper tier of the broad funding distribution, capturing pricing pressure before reaching extreme market outliers.
This daily indicator is released on every business day and is not subject to regular revisions. Analysts should assess the series by tracking its daily spread relative to the benchmark rate rather than utilizing month-on-month or year-on-year calculations. While structural seasonality is not a primary driver, periodic expansions of the upper quartile frequently align with quarter-end and year-end funding pressures.