US overnight funding & liquidity panel (SOFR/IORB/ON RRP, daily)
Daily US overnight funding & liquidity panel, 2018-04-03 onward: the Secured Overnight Financing Rate (SOFR), the Overnight Bank Funding Rate (OBFR), the Effective Federal Funds Rate (EFFR), the Interest Rate on Reserve Balances (IORB) and ON RRP facility take-up (billions of USD) — Federal Reserve Bank of New York and Board of Governors releases redistributed keyless via FRED fredgraph.csv. Carries SOFR/EFFR spreads vs the administered IORB rate, the secured-vs-unsecured (SOFR-OBFR) spread, day-over-day funding shocks, ON RRP changes with a trailing 63-day drain gauge, a funding-pressure flag (SOFR >= 10bp above IORB) and a quarter-end flag. One row per SOFR publication day; weekends and market holidays are honest gaps, never filled; the two documented ON RRP no-operation days and pre-2021-07-29 IORB are the only excused nulls. Who joins this: treasury teams watch funding_pressure_flag for secured-funding stress; QT monitors track onrrp_63d_avg_bn as the liquidity-drain gauge; macro models condition on the IORB spreads.
- Rows
- 2,121
- Columns
- 18
- Source cadence
- Daily
- Last refreshed
- Sep 30, 2026
- Theme
- markets
| Column | Type | Description |
|---|---|---|
| date | date | SOFR publication day (panel join key). Weekends and market holidays are honest gaps. (unit: date) |
| year_month | string | Calendar month as YYYY-MM. (unit: string) |
| country | string | Country name (shared normalization layer). (unit: string) |
| country_code | string | ISO 3166-1 alpha-3 country code (USA). (unit: string) |
| sofr | float | Secured Overnight Financing Rate (FRED SOFR; Federal Reserve Bank of New York). The binding series: the panel grid is its publication calendar. (unit: percent) |
| obfr | float | Overnight Bank Funding Rate (FRED OBFR; Federal Reserve Bank of New York). (unit: percent) |
| effr | float | Effective Federal Funds Rate (FRED EFFR; Board of Governors of the Federal Reserve System). (unit: percent) |
| iorb | float | Interest Rate on Reserve Balances (FRED IORB; Board of Governors). Null before 2021-07-29 (the administered rate was IOER before then). (unit: percent) |
| onrrp_bn | float | ON RRP facility take-up: Treasury securities sold by the Federal Reserve in overnight reverse repurchase operations (FRED RRPONTSYD; Federal Reserve Bank of New York). Null on the two documented no-operation days (2018-12-04, 2019-04-18). (unit: billions of USD) |
| sofr_iorb_spread_bp | float | (SOFR - IORB) x 100: secured funding pressure vs the administered rate (null before 2021-07-29). (unit: basis points) |
| effr_iorb_spread_bp | float | (EFFR - IORB) x 100: unsecured funding vs the administered rate (null before 2021-07-29). (unit: basis points) |
| sofr_obfr_spread_bp | float | (SOFR - OBFR) x 100: secured-vs-unsecured overnight spread. (unit: basis points) |
| sofr_1d_chg_bp | float | Day-over-day change in SOFR x 100 — the funding-shock gauge (null for the first panel day). (unit: basis points) |
| onrrp_1d_chg_bn | float | Day-over-day change in ON RRP take-up (null for the first panel day and around the two documented no-operation days). (unit: billions of USD) |
| onrrp_63d_avg_bn | float | Trailing 63-trading-day (~one quarter) mean of ON RRP take-up — the QT liquidity-drain gauge (null for the first 63 panel days and around the two documented no-operation days). (unit: billions of USD) |
| funding_pressure_flag | integer | 1 when sofr_iorb_spread_bp >= 10 (SOFR printing materially above the administered rate = secured-funding pressure), 0 otherwise, null before 2021-07-29. (unit: flag) |
| quarter_end | integer | 1 when the date is the last SOFR publication day of a calendar quarter (secured funding reliably tightens), 0 otherwise. (unit: flag) |
| row_hash | string | Deterministic 16-hex sha256 of date + the SOFR level (idempotency key). (unit: string) |
First 10 sample rows — a preview, not the complete dataset.
| date | year_month | country | country_code | sofr | obfr | effr | iorb | onrrp_bn | sofr_iorb_spread_bp | effr_iorb_spread_bp | sofr_obfr_spread_bp | sofr_1d_chg_bp | onrrp_1d_chg_bn | onrrp_63d_avg_bn | funding_pressure_flag | quarter_end | row_hash |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018-04-03 | 2018-04 | United States | USA | 1.83 | 1.68 | 1.69 | — | 8.695 | — | — | 15 | — | — | — | — | 0 | 8911d822e6a46236 |
| 2018-04-04 | 2018-04 | United States | USA | 1.74 | 1.69 | 1.69 | — | 4.57 | — | — | 5 | -9 | -4.125 | — | — | 0 | 1d2d95ba4ac3133a |
| 2018-04-05 | 2018-04 | United States | USA | 1.75 | 1.69 | 1.69 | — | 4.645 | — | — | 6 | 1 | 0.075 | — | — | 0 | 6ec16d4f427c310d |
| 2018-04-06 | 2018-04 | United States | USA | 1.75 | 1.69 | 1.69 | — | 4.895 | — | — | 6 | 0 | 0.25 | — | — | 0 | 3ace887902daf543 |
| 2018-04-09 | 2018-04 | United States | USA | 1.75 | 1.69 | 1.69 | — | 4.07 | — | — | 6 | 0 | -0.825 | — | — | 0 | ec5b3907df350cde |
| 2018-04-10 | 2018-04 | United States | USA | 1.75 | 1.69 | 1.69 | — | 3.99 | — | — | 6 | 0 | -0.08 | — | — | 0 | 1a0b316a58f433df |
| 2018-04-11 | 2018-04 | United States | USA | 1.76 | 1.69 | 1.69 | — | 2.361 | — | — | 7 | 1 | -1.629 | — | — | 0 | 39b87c8909525140 |
| 2018-04-12 | 2018-04 | United States | USA | 1.73 | 1.69 | 1.69 | — | 4.12 | — | — | 4 | -3 | 1.759 | — | — | 0 | 9021335b6b3cd089 |
| 2018-04-13 | 2018-04 | United States | USA | 1.72 | 1.69 | 1.69 | — | 3.471 | — | — | 3 | -1 | -0.649 | — | — | 0 | c0b84c9f9eba6fa1 |
| 2018-04-16 | 2018-04 | United States | USA | 1.77 | 1.69 | 1.69 | — | 3.372 | — | — | 8 | 5 | -0.099 | — | — | 0 | 0adce2851115e38a |
Profiled Oct 1, 2026 from snapshot 20260930T202212Z-0bf4aafd5027
Measured- Completeness
- 90.8%
- Rows
- 2,121
- Columns
- 18
- Columns with gaps
- 8
| Column | Missing | Distinct | Range | Distribution |
|---|---|---|---|---|
| datedate | 0% | 2,184 | Apr 3, 2018 → Sep 29, 2026 | — |
| year_monthvarchar | 0% | 116 | — |
|
| countryvarchar | 0% | 1 | — |
|
| country_codevarchar | 0% | 1 | — |
|
| sofrdouble | 0% | 284 | 0.01 → 5.4median 2.43 | 11 outside 1st–99th percentile |
| obfrdouble | 0% | 99 | 0.03 → 5.33median 2.4 | 23 outside 1st–99th percentile |
| effrdouble | 0% | 95 | 0.04 → 5.33median 2.4 | 4 outside 1st–99th percentile |
| iorbdouble | 39.2% | 15 | 0.15 → 5.4median 4.4 | |
| onrrp_bndouble | 0.09% | 1,909 | 0 → 2,554median 96.97 | 22 outside 1st–99th percentile |
| sofr_iorb_spread_bpdouble | 39.2% | 83 | -21 → 32median -9 | 26 outside 1st–99th percentile |
| effr_iorb_spread_bpdouble | 39.2% | 12 | -9 → -1median -7 | 132 outside 1st–99th percentile |
| sofr_obfr_spread_bpdouble | 0% | 101 | -13 → 300median 0 | 41 outside 1st–99th percentile |
| sofr_1d_chg_bpdouble | 0.05% | 132 | -270 → 282median 0 | 44 outside 1st–99th percentile |
| onrrp_1d_chg_bndouble | 0.24% | 1,966 | -365.44 → 245.4median 0.003 | 44 outside 1st–99th percentile |
| onrrp_63d_avg_bndouble | 8.9% | 1,730 | 0.0344 → 2,232median 163.15 | 42 outside 1st–99th percentile |
| funding_pressure_flagbigint | 39.2% | 2 | 0 → 1median 0 | |
| quarter_endbigint | 0% | 2 | 0 → 1median 0 | |
| row_hashvarchar | 0% | 1,725 | — |
|
- Current
20260930T202212Z-0bf4aafd5027 · sha256 0bf4aafd5027…
2,121 rows · first snapshot
Point any LLM at the metadata endpoint — the documentation above is machine-readable too (JSON-LD + Croissant).
curl "https://datazimuts.com/v1/datasets/fred_money_market_intel/us_overnight_funding_liquidity_daily" | jq '{title, rows, columns_count, license}'import requests
ds = requests.get("https://datazimuts.com/v1/datasets/fred_money_market_intel/us_overnight_funding_liquidity_daily").json()
print(ds["title"], ds["rows"], "rows")
# Sample rows for an LLM context window
for row in ds.get("sample_rows", [])[:5]:
print(row)API endpoint: https://datazimuts.com/v1/datasets/fred_money_market_intel/us_overnight_funding_liquidity_daily
Tip: fetch /llms.txt for the full machine-readable catalog.
Where this data comes from and what was made from it. Other people's work shows as counts; only shared projects are named.
Cite this snapshot
Pinned to snapshot 20260930T202212Z-0bf4aafd5027 and its content hash, so readers get exactly the data you used.
US Overnight Funding & Liquidity Intelligence (FRED, keyless). (2026). US overnight funding & liquidity panel (SOFR/IORB/ON RRP, daily) [Data set, snapshot 20260930T202212Z-0bf4aafd5027, sha256 0bf4aafd5027]. Datazimuts. Retrieved 2026-10-01, from https://datazimuts.com/en/datasets/fred_money_market_intel/us_overnight_funding_liquidity_daily?snapshot=20260930T202212Z-0bf4aafd5027
@misc{dz_fred_money_market_intel_us_overnight_fun_0bf4aafd,
title = {{US overnight funding \& liquidity panel (SOFR/IORB/ON RRP, daily)}},
author = {{US Overnight Funding \& Liquidity Intelligence (FRED, keyless)}},
year = {2026},
publisher = {Datazimuts},
howpublished = {\url{https://datazimuts.com/en/datasets/fred_money_market_intel/us_overnight_funding_liquidity_daily?snapshot=20260930T202212Z-0bf4aafd5027}},
note = {Snapshot 20260930T202212Z-0bf4aafd5027, sha256 0bf4aafd5027b4342e947ac354ecf4c7ea29a820ac1053edd9923876c2983381; accessed 2026-10-01}
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