Federal Reserve
Observed policy implementation and balance-sheet measures
Where overnight rates settle vs IORB
IORB is an administered rate; effective funds rates are observed market readings.
Bars show differences from IORB, not rates measured from zero. All three observations share the date above.
- EFFR vs IORB
- −2 bp
- SOFR vs IORB Interest Rates
- −1 bp
- Observation alignment
- Nov 6, 2026
Balance sheet
Latest available reported levels, with independent observation dates.
- Fed Total AssetsAs of Nov 4, 2026
- $6,748.1bn
- Reserve BalancesAs of Nov 4, 2026
- $2,930.1bn
- Overnight Reverse ReposAs of Nov 9, 2026
- $0.3bn
- Reserves as share of total assets
- 43.4%
Series in this section
Choose a series to chart it. Each value belongs to the observation date shown.
| Series | Latest | As of | vs prior obs. | 1-month change | Chart |
|---|---|---|---|---|---|
| Effective Fed Funds Ratedaily · DFF | 3.88% | Nov 6, 2026 | 0 bp | 0 bp | |
| Effective Federal Funds Rate (EFFR)daily · EFFR | 3.88% | Nov 6, 2026 | 0 bp | 0 bp | |
| Interest on Reserve Balancesdaily · IORB | 3.90% | Nov 10, 2026 | 0 bp | 0 bp | |
| Fed Total Assetsweekly · WALCL | $6,748.1bn | Nov 4, 2026 | +$2.5bn | +$5.1bn | |
| Reserve Balancesweekly · WRESBAL | $2,930.1bn | Nov 4, 2026 | +$36.3bn | −$18.0bn | |
| Overnight Reverse Reposdaily · RRPONTSYD | $0.3bn | Nov 9, 2026 | +$0.1bn | −$0.0bn |
Effective Fed Funds Rate
Effective Fed Funds Rate Interest on Reserve Balances
Observed values, not projections. Each line uses its own observation dates. Both series share the same units.
Observation log · Effective Fed Funds Rate
17 published observations with a change
| Date | Value | Change vs prior obs. |
|---|---|---|
| Sep 17, 2026 | 3.88% | +25 bp |
| Jul 14, 2026 | 3.63% | +1 bp |
| Jul 8, 2026 | 3.62% | −1 bp |
| Jun 15, 2026 | 3.63% | +1 bp |
| May 19, 2026 | 3.62% | −1 bp |
| May 7, 2026 | 3.63% | −1 bp |
| Dec 11, 2025 | 3.64% | −25 bp |
| Nov 28, 2025 | 3.89% | +1 bp |
| Nov 13, 2025 | 3.88% | +1 bp |
| Nov 3, 2025 | 3.87% | +1 bp |
How to read this section
The effective federal funds rate is observed trading data, not the FOMC target range or a policy decision.
Dates, cadences, values and changes are displayed as published. One-month changes require a comparable historical observation; missing observations are not filled in.