Board of Governors of the Federal Reserve System

Financial Accounts of the United States - Z.1

L.207 Federal Funds and Security Repurchase Agreements

2016:Q2 Release Date: September 16, 2016

Billions of dollars; amounts outstanding end of period, not seasonally adjusted


Description		 Series code 2010
2011
2012
2013
2014
2015
2015
Q2		 2015
Q3		 2015
Q4		 2016
Q1		 2016
Q2
Line
All sectors; federal funds and security repurchase agreements; liability FL892150005 3597.9 3883.2 4127.8 3636.7 3661.7 3711.5 3670.0 3819.6 3711.5 3614.2 3769.3 1
Monetary authority; security repurchase agreements; liability FL712151003 59.7 99.9 107.2 315.9 509.8 712.4 558.2 641.1 712.4 550.5 543.9 2
U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; liability FL762150005 484.0 402.5 349.9 269.4 236.2 196.8 226.2 205.9 196.8 193.7 184.1 3
U.S.-chartered depository institutions, including IBFs; federal funds; liability FL762152005 ND ND 69.4 58.3 38.7 39.4 34.2 29.8 39.4 39.7 28.4 4
U.S.-chartered depository institutions, including IBFs; security repurchase agreements; liability FL762151005 ND ND 280.5 211.0 197.5 157.4 192.0 176.1 157.4 154.0 155.7 5
Foreign banking offices in the U.S., including IBFs; federal funds and security repurchase agreements; liability FL752150005 250.0 304.4 325.0 312.7 371.3 406.6 374.8 375.4 406.6 407.9 429.1 6
Foreign banking offices in the U.S., including IBFs; federal funds; liability FL752152005 34.0 24.1 21.5 18.8 27.2 26.9 22.7 26.9 26.9 34.5 34.8 7
Foreign banking offices in the U.S., including IBFs; security repurchase agreements; liability FL752151005 216.0 280.3 303.6 293.9 344.1 379.7 352.1 348.5 379.7 373.4 394.3 8
Credit unions; federal funds and security repurchase agreements held by Corporate Credit Unions; liability FL472150053 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9
Property-casualty insurance companies; security repurchase agreements; liability FL512151003 1.5 3.1 2.1 1.5 1.0 1.4 1.1 1.3 1.4 1.6 1.9 10
Life insurance companies, general accounts; security repurchase agreements; liability FL542151073 10.3 12.1 14.4 20.9 21.9 22.8 22.4 22.4 22.8 22.9 23.2 11
Government-sponsored enterprises; federal funds and security repurchase agreements; liability FL402150005 1.3 0.4 0.0 0.0 0.1 0.0 0.0 0.1 0.0 0.0 0.0 12
Mortgage real estate investment trusts; security repurchase agreements; liability FL642151073 120.4 218.1 320.6 255.5 265.5 220.0 249.0 229.1 220.0 220.2 217.2 13
Security brokers and dealers; security repurchase agreements; liability FL662151003 2006.3 2076.7 2207.9 1768.6 1547.7 1368.3 1480.3 1493.7 1368.3 1366.1 1423.0 14
Holding companies; security repurchase agreements; liability FL732151003 0.8 1.2 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 15
Rest of the world; security repurchase agreements; liability FL262151003 663.7 764.7 800.7 692.2 708.2 783.0 757.8 850.6 783.0 851.1 946.9 16
All sectors; federal funds and security repurchase agreements; asset FL892050005 3256.0 3507.6 3728.7 3310.5 3446.1 3379.8 3379.0 3514.7 3379.8 3260.4 3444.8 17
Nonfinancial corporate business; security repurchase agreements; asset FL102051003 12.1 12.6 9.7 8.7 21.6 26.0 23.8 25.3 26.0 22.8 21.6 18
State and local governments, excluding employee retirement funds; security repurchase agreements; asset FL212051003 125.8 121.2 125.5 126.4 132.2 142.1 136.1 139.1 142.1 142.8 144.3 19
Monetary authority; security repurchase agreements; asset FL712051000 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20
U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; asset FL762050005 267.6 242.6 302.7 215.4 185.0 209.8 208.9 212.3 209.8 205.6 215.6 21
U.S.-chartered depository institutions, including IBFs; federal funds; asset FL762052005 ND ND 58.1 47.0 30.6 19.4 22.4 19.3 19.4 21.9 18.5 22
U.S.-chartered depository institutions, including IBFs; security repurchase agreements; asset FL762051005 ND ND 244.6 168.4 154.4 190.4 186.5 193.0 190.4 183.8 197.1 23
Foreign banking offices in the U.S. including IBFs; federal funds and security repurchase agreements; asset FL752050005 88.4 120.1 178.3 177.1 218.1 218.5 210.5 198.5 218.5 205.8 203.4 24
Foreign banking offices in the U.S., including IBFs; federal funds; asset FL752052005 2.3 3.7 3.0 1.3 1.3 0.9 1.2 0.7 0.9 0.8 0.8 25
Foreign banking offices in the U.S., including IBFs; security repurchase agreements; asset FL752051005 86.2 116.4 175.3 175.8 216.9 217.6 209.3 197.8 217.6 205.0 202.6 26
Credit unions; federal funds and security repurchase agreements held by Corporate Credit Unions (net of liabilities before 2002:Q4); asset FL472050053 0.0 15.9 9.7 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27
Credit unions; federal funds held by Corporate Credit Unions; asset FL472052053 0.0 15.9 9.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28
Credit unions; security repurchase agreements held by Corporate Credit Unions; asset FL472051053 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29
Property-casualty insurance companies; security repurchase agreements; asset FL512051003 3.8 2.4 1.7 1.7 1.8 1.8 1.7 1.8 1.8 1.7 1.7 30
Life insurance companies, general accounts; security repurchase agreements; asset FL542051073 10.9 6.1 8.2 2.9 3.4 8.5 8.0 9.6 8.5 7.9 7.8 31
Private pension funds; security repurchase agreements; asset FL572051005 2.7 2.7 2.4 2.8 3.0 2.8 2.9 2.8 2.8 2.7 2.6 32
State and local government employee defined benefit retirement funds; security repurchase agreements; asset FL222051043 3.2 3.3 3.1 3.3 3.6 3.6 3.7 3.6 3.6 3.4 3.4 33
Money market mutual funds; security repurchase agreements; asset FL632051000 489.0 500.7 554.8 501.6 654.5 699.3 644.7 692.4 699.3 597.1 643.4 34
Mutual funds; security repurchase agreements; asset FL652051003 40.6 55.6 61.9 84.2 94.1 81.7 88.6 82.9 81.7 86.8 85.1 35
Government-sponsored enterprises; federal funds and security repurchase agreements; asset FL402050005 151.2 112.3 150.8 152.3 162.6 182.9 141.0 149.0 182.9 159.9 164.8 36
Government-sponsored enterprises; federal funds held by FHLB; asset FL402052033 75.9 41.1 44.0 29.5 52.8 42.4 41.6 31.0 42.4 49.4 45.7 37
Security brokers and dealers; security repurchase agreements; asset FL662051003 1428.5 1583.1 1638.2 1321.0 1152.7 1133.3 1171.2 1243.6 1133.3 1115.3 1197.4 38
Holding companies; security repurchase agreements; asset FL732051003 50.3 50.5 10.5 7.7 2.5 2.1 7.6 4.0 2.1 3.0 3.2 39
Funding corproations; security repurchase agreements; asset FL502051003 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40
Rest of the world; security repurchase agreements; asset FL262051003 581.8 678.5 671.3 705.4 811.0 667.6 730.2 749.8 667.6 705.5 750.4 41
Instrument discrepancies; federal funds and security repurchase agreements FL902050005 341.9 375.6 399.1 326.2 215.6 331.6 291.1 305.0 331.6 353.8 324.5 42
Interest rates and price indexes; effective Federal funds rate (percent) FL072052006 0.2 0.1 0.2 0.1 0.1 0.2 0.1 0.1 0.2 0.4 0.4 43
Monetary authority; security repurchase agreements, reverse repurchase agreement operations; liability FL712151103 0.0 0.0 0.0 197.8 396.7 474.6 392.6 449.6 474.6 303.8 278.8 44
Money market mutual funds; security repurchase agreements (Federal Reserve reverse repurchase agreement operations); asset FL632051103 0.0 0.0 0.0 163.3 371.2 424.0 372.2 414.4 424.0 267.7 242.8 45
Domestic financial sectors, excluding money market mutual funds; security repurchase agreements (Federal Reserve Reverse Repurchase Agreement Operational Exercise); asset FL792051115 0.0 0.0 0.0 34.5 25.5 50.6 20.5 35.2 50.6 36.2 36.0 46

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NOTES

  1. Detailed data on federal funds and security repurchase agreements are only available beginning 2012:Q1 for U.S.-chartered despository institutions, 2003:Q1 for foreign banking offices in U.S., 2010:Q4 for credit unions, and 2000:Q1 for FHLB.
  2. Excludes term federal funds.
  3. Includes term federal funds.
  4. The effective federal funds rate is a weighted average of rates on brokered trades. Annualized using a 360-day year.
  5. Reverse repurchase agreements (RRPs) conducted as part of the Federal Reserve's Overnight RRP Operational Exercise (beginning 2013:Q3) and term RRP operations (beginning 2014:Q4).
  6. Included in line 2.
  7. Included in line 34.
  8. Includes banks (consolidated), government-sponsored enterprises, and primary dealers.
Last update: September 16, 2016