Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for United States
IR3TIB01USM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.31
Year-over-Year Change
-18.37%
Date Range
6/1/1964 - 6/1/2025
Summary
This economic trend measures the 3-month or 90-day interbank interest rate in the United States, providing insight into short-term credit conditions and monetary policy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 3-month or 90-day interbank interest rate is a key indicator of the cost of short-term borrowing and lending between banks. It reflects the overall liquidity and credit environment, and is closely watched by economists, policymakers, and financial market participants.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on actual interbank lending rates.
Historical Context
The 3-month interbank rate is a crucial input for monetary policy decisions and is used to assess the stance of credit markets.
Key Facts
- The 3-month interbank rate averaged 0.55% in 2022.
- Rates reached a peak of 4.75% in 2007 prior to the Great Recession.
- The rate fell to near-zero during the COVID-19 pandemic in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the 3-month or 90-day interest rate for interbank lending in the United States, which reflects the overall cost of short-term credit in the economy.
Q: Why is this trend relevant for users or analysts?
A: The 3-month interbank rate is a crucial indicator of credit conditions and a key input for monetary policy decisions, making it highly relevant for economists, policymakers, and financial market participants.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on actual interbank lending rates.
Q: How is this trend used in economic policy?
A: The 3-month interbank rate is closely monitored by the Federal Reserve and other policymakers to assess the stance of monetary policy and credit markets, informing decisions on interest rates and other policy tools.
Q: Are there update delays or limitations?
A: The 3-month interbank rate data is published by the Federal Reserve on a regular basis, with minimal delays, and is considered a reliable and timely indicator of short-term credit conditions.
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Citation
U.S. Federal Reserve, Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for United States (IR3TIB01USM156N), retrieved from FRED.