Key Points
- 01Fed H.15 release dated June 12, 2026 covers data through June 11
- 02Effective federal funds rate was 3.62% on June 11, 2026
- 034-week and 3-month Treasury bill yields were 3.61% and 3.63%
- 04Discount window primary credit at 3.75% and prime rate at 6.75%
Latest H.15 Release and Coverage
The Federal Reserve Board published the H.15 Selected Interest Rates (Daily) release dated June 12, 2026, providing daily series values through June 11, 2026. The tables summarize a range of short-term market and administered rates that serve as key benchmarks for money markets and bank lending.
The daily series capture conditions in the U.S. funding markets as of June 11, offering a snapshot of the cost of overnight reserves, Treasury bill financing, and primary credit at the discount window. These indicators frame the interest-rate environment facing borrowers and investors in early June 2026.
Federal Funds and Policy-Linked Rates
On June 11, 2026, the effective federal funds rate was reported at 3.62 in the H.15 daily series. This rate reflects the cost at which depository institutions lend balances to each other overnight and is a central reference for broader money-market pricing.
The release also shows the discount window primary credit rate at 3.75 on June 11. This rate indicates the terms at which eligible depository institutions can obtain short-term liquidity directly from the Federal Reserve through primary credit.
Alongside these policy-linked benchmarks, the bank prime loan rate stood at 6.75 in the H.15 series on June 11. The prime rate is a common reference point for pricing a range of variable-rate loans to businesses and consumers.
Treasury Bill Yields and Short-Term Benchmarks
Short-term Treasury bill yields in the secondary market were clustered in the mid-3% range as of June 11, 2026. The 4-week Treasury bill rate was 3.61, while the 3-month Treasury bill rate was 3.63 in the H.15 daily series.
These bill yields complement the federal funds rate as indicators of short-term funding costs and are often used as benchmarks for money-market instruments and short-duration investments. Their levels provide a reference for investors evaluating short-term securities and cash-like vehicles.
Together, the federal funds rate, Treasury bill yields, discount window rate, and prime rate from the June 12 H.15 release outline the prevailing structure of key short-term rates in U.S. markets through June 11, 2026.
Key Takeaways
- 01Mid-June 2026 short-term U.S. rates were concentrated in the mid-3% area for core money-market benchmarks.
- 02The gap between policy-related rates and Treasury bill yields helps define the cost of liquidity across different funding channels.
- 03A 6.75% bank prime loan rate indicates a higher pricing tier for commercial and consumer credit relative to risk-free benchmarks.