Financial Accounts of the United States - Z.1
L.207 Federal Funds and Security Repurchase Agreements (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2015 | 2016 | 2016 Q1 | 2016 Q2 | 2016 Q3 | 2016 Q4 | 2017 Q1 | 2017 Q2 | 2017 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; federal funds and security repurchase agreements; liability | FL892150005 | 3712.5 | 3807 | 3610.8 | 3755.8 | 3894.4 | 3807 | 3752 | 3919.8 | 3768.7 | 1 |
| Monetary authority; security repurchase agreements; liability | FL712151003 | 712.4 | 725.2 | 550.5 | 543.9 | 665 | 725.2 | 600.3 | 650 | 556.8 | 2 |
| U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; liability | FL762150005 | 196.8 | 162.6 | 193.7 | 184.1 | 180.1 | 162.6 | 158.5 | 162.9 | 166.9 | 3 |
| U.S.-chartered depository institutions, including IBFs; federal funds; liability (2) | FL762152005 | 39.4 | 33 | 39.7 | 28.4 | 32.5 | 33 | 30.9 | 33.9 | 41.4 | 4 |
| U.S.-chartered depository institutions, including IBFs; security repurchase agreements; liability | FL762151005 | 157.4 | 129.6 | 154 | 155.7 | 147.6 | 129.6 | 127.6 | 129.1 | 125.6 | 5 |
| Foreign banking offices in the U.S., including IBFs; federal funds and security repurchase agreements; liability | FL752150005 | 406.6 | 473.3 | 407.9 | 429.1 | 440.8 | 473.3 | 480 | 515.6 | 544.8 | 6 |
| Foreign banking offices in the U.S., including IBFs; federal funds; liability (2) | FL752152005 | 26.9 | 33.8 | 34.5 | 34.8 | 39 | 33.8 | 47.3 | 47.4 | 62.1 | 7 |
| Foreign banking offices in the U.S., including IBFs; security repurchase agreements; liability | FL752151005 | 379.7 | 439.6 | 373.4 | 394.3 | 401.7 | 439.6 | 432.7 | 468.3 | 482.7 | 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 | 9 |
| Property-casualty insurance companies; security repurchase agreements; liability | FL512151003 | 1.4 | 0.4 | 0.5 | 0.5 | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 | 10 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FL542151073 | 21.4 | 21.6 | 21.5 | 21.5 | 21.6 | 21.6 | 22.5 | 22.3 | 22.5 | 11 |
| Government-sponsored enterprises; federal funds and security repurchase agreements; liability | FL402150005 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 |
| Mortgage real estate investment trusts; security repurchase agreements; liability | FL642151073 | 220 | 209.8 | 219.8 | 205.1 | 207.6 | 209.8 | 215.9 | 218.7 | 245.4 | 13 |
| Security brokers and dealers; security repurchase agreements; liability | FL662151003 | 1368.3 | 1313.1 | 1366.1 | 1423 | 1436.1 | 1313.1 | 1359.9 | 1442.3 | 1351.5 | 14 |
| Holding companies; security repurchase agreements; liability | FL732151003 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0.1 | 15 |
| Rest of the world; security repurchase agreements; liability | FL262151003 | 785.4 | 900.7 | 850.7 | 948.6 | 942.7 | 900.7 | 914.4 | 907.5 | 880.3 | 16 |
| All sectors; federal funds and security repurchase agreements; asset | FL892050005 | 3370.7 | 3525.1 | 3251.8 | 3432.9 | 3691.3 | 3525.1 | 3543.8 | 3757.6 | 3673.7 | 17 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 28 | 40.3 | 24.8 | 23.6 | 42.1 | 40.3 | 33.9 | 31 | 25.5 | 18 |
| State and local governments, excluding employee retirement funds; security repurchase agreements; asset | FL212051003 | 138.3 | 145.4 | 139.1 | 140.4 | 143.4 | 145.4 | 146.4 | 146.4 | 149 | 19 |
| Monetary authority; security repurchase agreements; asset | FL712051000 | 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 | 209.8 | 218.5 | 205.6 | 215.6 | 234.4 | 218.5 | 190 | 224.5 | 188.2 | 21 |
| U.S.-chartered depository institutions, including IBFs; federal funds; asset (2) | FL762052005 | 19.4 | 21.2 | 21.9 | 18.5 | 20.1 | 21.2 | 24.9 | 16.6 | 25 | 22 |
| U.S.-chartered depository institutions, including IBFs; security repurchase agreements; asset | FL762051005 | 190.4 | 197.3 | 183.8 | 197.1 | 214.3 | 197.3 | 165.1 | 207.9 | 163.2 | 23 |
| Foreign banking offices in the U.S. including IBFs; federal funds and security repurchase agreements; asset | FL752050005 | 218.5 | 193.1 | 205.8 | 203.4 | 204.8 | 193.1 | 197.1 | 211.9 | 240.2 | 24 |
| Foreign banking offices in the U.S., including IBFs; federal funds; asset (2) | FL752052005 | 0.9 | 0.6 | 0.8 | 0.8 | 1 | 0.6 | 0.5 | 0.9 | 0.5 | 25 |
| Foreign banking offices in the U.S., including IBFs; security repurchase agreements; asset | FL752051005 | 217.6 | 192.4 | 205 | 202.6 | 203.8 | 192.4 | 196.6 | 211 | 239.7 | 26 |
| Credit unions; federal funds and security repurchase agreements held by Corporate Credit Unions (net of liabilities before 2002:Q4); asset | FL472050053 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27 |
| Credit unions; federal funds held by Corporate Credit Unions; asset | FL472052053 | 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 | 0 | 0 | 0 | 0 | 29 |
| Property-casualty insurance companies; security repurchase agreements; asset | FL512051003 | 1.8 | 1.3 | 1.2 | 1.2 | 1.4 | 1.3 | 1.4 | 1.4 | 1.5 | 30 |
| Life insurance companies, general accounts; security repurchase agreements; asset | FL542051073 | 2.7 | 2.3 | 2.8 | 2.7 | 2.6 | 2.3 | 2.4 | 2.4 | 2.4 | 31 |
| Private pension funds; security repurchase agreements; asset | FL572051005 | 2.6 | 2.5 | 2.5 | 2.5 | 2.5 | 2.5 | 2.4 | 2.4 | 2.4 | 32 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FL222051043 | 3.9 | 5.1 | 3.8 | 4.1 | 4.4 | 5.1 | 4.9 | 4.8 | 4.9 | 33 |
| Money market mutual funds; security repurchase agreements; asset | FL632051000 | 699.3 | 800.2 | 597.1 | 641.5 | 855.4 | 800.2 | 808.1 | 894.1 | 909.5 | 34 |
| Mutual funds; security repurchase agreements; asset | FL652051003 | 81.7 | 84.1 | 86.8 | 84.3 | 84.5 | 84.1 | 93.5 | 91.5 | 94.6 | 35 |
| Government-sponsored enterprises; federal funds and security repurchase agreements; asset | FL402050005 | 182.9 | 185 | 159.9 | 164.8 | 172.2 | 185 | 207.7 | 202.3 | 203 | 36 |
| Government-sponsored enterprises; federal funds held by FHLB; asset (3) | FL402052033 | 42.4 | 48.6 | 49.4 | 45.7 | 58.2 | 48.6 | 78.4 | 74.6 | 89.6 | 37 |
| Security brokers and dealers; security repurchase agreements; asset | FL662051003 | 1133.3 | 1112.7 | 1115.3 | 1197.4 | 1204.3 | 1112.7 | 1098.9 | 1164.7 | 1103.6 | 38 |
| Holding companies; security repurchase agreements; asset | FL732051003 | 2.1 | 2.1 | 3 | 3.2 | 2.3 | 2.1 | 2.4 | 9.7 | 9.6 | 39 |
| Funding corproations; security repurchase agreements; asset | FL502051003 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40 |
| Rest of the world; security repurchase agreements; asset | FL262051003 | 665.8 | 732.6 | 703.9 | 748.1 | 736.8 | 732.6 | 754.6 | 770.5 | 739.1 | 41 |
| Instrument discrepancies; federal funds and security repurchase agreements | FL902050005 | 341.8 | 281.9 | 359 | 322.9 | 203.1 | 281.9 | 208.2 | 162.2 | 95.1 | 42 |
| Interest rates and price indexes; effective Federal funds rate (percent) (4) | FL072052006 | 0.24 | 0.54 | 0.36 | 0.38 | 0.4 | 0.54 | 0.79 | 1.04 | 1.15 | 43 |
| Monetary authority; security repurchase agreements, reverse repurchase agreement operations; liability (5) | FL712151103 | 474.6 | 468.4 | 303.8 | 278.8 | 412.5 | 468.4 | 346.9 | 398.9 | 316.1 | 44 |
| Money market mutual funds; security repurchase agreements (Federal Reserve reverse repurchase agreement operations); asset (6) | FL632051103 | 424 | 403.4 | 267.7 | 242.8 | 384.3 | 403.4 | 328.8 | 362.8 | 298.5 | 45 |
| Domestic financial sectors, excluding money market mutual funds; security repurchase agreements (Federal Reserve Reverse Repurchase Agreement Operational Exercise); asset (7) | FL792051115 | 50.6 | 64.9 | 36.2 | 36 | 28.2 | 64.9 | 18.1 | 36.1 | 17.6 | 46 |
NOTES
- 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.
- Excludes term federal funds.
- Includes term federal funds.
- The effective federal funds rate is a weighted average of rates on brokered trades. Annualized using a 360-day year.
- Included in line 2.
- Included in line 34.
- Includes banks (consolidated), government-sponsored enterprises, and primary dealers.
Last Update: December 7, 2017