Tag Archives: federal reserve

NY Fed to Publish Overnight Bank Funding Rate

The Federal Reserve Bank of New York will begin publishing the overnight bank funding rate (OBFR) in the beginning of 2016. The new indicator more accurately measures overnight borrowing costs for U.S. banks. The OFBR will be calculated as a volume weighted median of federal funds and Eurodollar transactions, and is intended to complement the effective federal funds rate. “Once ...

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