BGCR: Broad General Collateral Rate
How has the BGCR moved?
On , the Broad General Collateral Rate (BGCR) was 3.94%, 3 basis points higher than the business day before.
The BGCR on the last business day of each month
The BGCR each business day, with the 1st and 99th percentiles of its transactions
The linesLatest:
- BGCR3.94%
- 99th percentile3.98%
- 1st percentile3.83%
Each point is one month-end, or one business day under "Latest days"; pointing at the chart shows its date and rate.
Select a line to followLatest:
Inspect and compare dates
The latest day beside the day before and the month-ends nearest a year, five and ten years earlier.
| Day | Latest | The day before | A year earlier | Five years earlier |
|---|---|---|---|---|
| Date | ||||
| Rate | 3.94% | 3.91% | 4.20% | 0.05% |
The table scrolls sideways; the first column stays in place.
Observed .
Right now
The BGCR was 3.94% on , 21 basis points lower than on .
The BGCR ended September 2026 at 3.88%, its highest month-end since November 2025.
The day's tradesVolume-weighted percentiles
The spread of the day's transactions, $1,221 billion in all, weighted by volume.
- BGCR3.94%
- 1st percentile
- 3.83%
- 25th
- 3.94%
- 75th
- 3.95%
- 99th
- 3.98%
Revisions
No day since has been published twice.
The New York Fed may revise a rate the same afternoon if the change is more than one basis point. 500metrics keeps the first figure and shows the current one.
Understanding the BGCR
Where it stands today
The BGCR was 3.94% on .
What does the BGCR measure?
The Broad General Collateral Rate measures the cost of overnight tri-party repo against Treasury securities, plus general collateral trades cleared through FICC. The New York Fed publishes it each business day for the business day before.
Read more
Percentiles describe the spread of the day's transactions, weighted by volume, as the New York Fed publishes them. The changes in basis points are computed by 500metrics from the published rates.
The numbers behind the chart
What was the BGCR at each month-end?102 month-ends since 30 Apr 2018, newest first
| Month-end | Rate |
|---|---|
| 3.88% | |
| 3.67% | |
| 3.64% | |
| 3.64% | |
| 3.61% | |
| 3.64% | |
| 3.66% | |
| 3.66% | |
| 3.66% | |
| 3.82% | |
| 4.08% | |
| 4.15% | |
| 4.20% | |
| 4.33% | |
| 4.36% | |
| 4.39% | |
| 4.34% | |
| 4.37% | |
| 4.36% | |
| 4.36% | |
| 4.34% | |
| 4.45% | |
| 4.58% | |
| 4.85% |
Show 78 more rows
| Month-end | Rate |
|---|---|
| 4.88% | |
| 5.32% | |
| 5.34% | |
| 5.32% | |
| 5.33% | |
| 5.31% | |
| 5.32% | |
| 5.31% | |
| 5.31% | |
| 5.33% | |
| 5.31% | |
| 5.30% | |
| 5.30% | |
| 5.30% | |
| 5.29% | |
| 5.05% | |
| 5.05% | |
| 4.79% | |
| 4.80% | |
| 4.52% | |
| 4.28% | |
| 4.26% | |
| 3.79% | |
| 3.00% | |
| 2.97% | |
| 2.26% | |
| 2.25% | |
| 1.48% | |
| 0.80% | |
| 0.30% | |
| 0.30% | |
| 0.05% | |
| 0.05% | |
| 0.05% | |
| 0.05% | |
| 0.05% | |
| 0.05% | |
| 0.05% | |
| 0.05% | |
| 0.05% | |
| 0.01% | |
| 0.01% | |
| 0.01% | |
| 0.01% | |
| 0.04% | |
| 0.06% | |
| 0.08% | |
| 0.07% | |
| 0.06% | |
| 0.07% | |
| 0.08% | |
| 0.07% | |
| 0.05% | |
| 0.02% | |
| 0.01% | |
| 1.59% | |
| 1.57% | |
| 1.55% | |
| 1.62% | |
| 1.73% | |
| 2.35% | |
| 2.15% | |
| 2.53% | |
| 2.50% | |
| 2.48% | |
| 2.75% | |
| 2.58% | |
| 2.55% | |
| 2.55% | |
| 2.95% | |
| 2.27% | |
| 2.19% | |
| 2.24% | |
| 1.95% | |
| 1.91% | |
| 2.10% | |
| 1.78% | |
| 1.72% |
What was the BGCR on each of the last 30 business days?Rates, percentiles and volumes, newest first
| Day | Rate | 1st pct. | 25th pct. | 75th pct. | 99th pct. | Volume |
|---|---|---|---|---|---|---|
| 3.94% | 3.83% | 3.94% | 3.95% | 3.98% | 1,221 | |
| 3.91% | 3.80% | 3.91% | 3.92% | 3.96% | 1,232 | |
| 3.90% | 3.84% | 3.90% | 3.91% | 3.95% | 1,233 | |
| 3.88% | 3.80% | 3.88% | 3.89% | 3.94% | 1,222 | |
| 3.86% | 3.79% | 3.86% | 3.87% | 3.92% | 1,219 | |
| 3.86% | 3.80% | 3.86% | 3.87% | 3.92% | 1,225 | |
| 3.85% | 3.79% | 3.85% | 3.86% | 3.91% | 1,208 | |
| 3.85% | 3.80% | 3.85% | 3.86% | 3.93% | 1,227 | |
| 3.87% | 3.83% | 3.87% | 3.88% | 3.93% | 1,223 | |
| 3.86% | 3.79% | 3.86% | 3.87% | 3.91% | 1,228 |
Show 20 more rows
| Day | Rate | 1st pct. | 25th pct. | 75th pct. | 99th pct. | Volume |
|---|---|---|---|---|---|---|
| 3.88% | 3.80% | 3.88% | 3.89% | 3.93% | 1,226 | |
| 3.85% | 3.80% | 3.85% | 3.86% | 3.91% | 1,243 | |
| 3.85% | 3.80% | 3.84% | 3.86% | 3.91% | 1,228 | |
| 3.86% | 3.80% | 3.86% | 3.87% | 3.92% | 1,229 | |
| 3.88% | 3.80% | 3.88% | 3.89% | 3.93% | 1,219 | |
| 3.87% | 3.82% | 3.87% | 3.88% | 3.93% | 1,209 | |
| 3.86% | 3.80% | 3.86% | 3.87% | 3.93% | 1,211 | |
| 3.84% | 3.80% | 3.84% | 3.85% | 3.93% | 1,221 | |
| 3.88% | 3.80% | 3.88% | 3.89% | 3.95% | 1,210 | |
| 3.87% | 3.75% | 3.86% | 3.88% | 3.93% | 1,205 | |
| 3.89% | 3.79% | 3.89% | 3.90% | 3.93% | 1,220 | |
| 3.89% | 3.80% | 3.89% | 3.90% | 3.94% | 1,231 | |
| 3.86% | 3.80% | 3.86% | 3.87% | 3.91% | 1,253 | |
| 3.85% | 3.79% | 3.85% | 3.86% | 3.90% | 1,227 | |
| 3.85% | 3.79% | 3.85% | 3.86% | 3.91% | 1,232 | |
| 3.83% | 3.78% | 3.83% | 3.84% | 3.91% | 1,221 | |
| 3.83% | 3.78% | 3.83% | 3.84% | 3.90% | 1,238 | |
| 3.83% | 3.63% | 3.83% | 3.84% | 3.89% | 1,237 | |
| 3.60% | 3.53% | 3.60% | 3.61% | 3.66% | 1,223 | |
| 3.62% | 3.53% | 3.62% | 3.63% | 3.67% | 1,208 |
The table scrolls sideways; the first column stays in place.
Has the BGCR been revised?No day published twice
No day since has been published twice.
When are the figures from, and how are they cited?Dates and how to cite
Observed .
How to cite this
Federal Reserve Bank of New York, Broad General Collateral Rate, 27 October 2026. Compiled by 500metrics, "How has the BGCR moved?", https://500metrics.com/rates/bgcr.
500metrics is not affiliated with the New York Fed. The New York Fed does not sanction, endorse, or recommend any products or services offered by 500metrics.
Page updated
Sources
© 2026 Federal Reserve Bank of New York. Content from the New York Fed subject to the Terms of Use at newyorkfed.org. (source) Terms: Federal Reserve Bank of New York terms of use.
Changes in basis points are computed by 500metrics from the published rates.
The BGCR is subject to the Terms of Use posted at newyorkfed.org. The New York Fed is not responsible for publication of the BGCR by 500metrics, does not sanction or endorse any particular republication, and has no liability for your use.
The SOFR is subject to the Terms of Use posted at newyorkfed.org. The New York Fed is not responsible for publication of the SOFR by 500metrics, does not sanction or endorse any particular republication, and has no liability for your use.
The TGCR is subject to the Terms of Use posted at newyorkfed.org. The New York Fed is not responsible for publication of the TGCR by 500metrics, does not sanction or endorse any particular republication, and has no liability for your use.
The Secured Overnight Financing Rate (SOFR) Data and Broad General Collateral Rate (BGCR) Data are calculated using data provided under a license granted to the New York Fed by DTCC Solutions LLC ("Solutions"), an affiliate of The Depository Trust & Clearing Corporation. Solutions, its affiliates, and third parties from which they obtained data have no liability for the content of this material.