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 | 2016 | 2017 | 2017 Q1 | 2017 Q2 | 2017 Q3 | 2017 Q4 | 2018 Q1 | 2018 Q2 | 2018 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; federal funds and security repurchase agreements; liability | FL892150005 | 3811.2 | 3843.7 | 3755.5 | 3923.2 | 3772.2 | 3843.7 | 3487.5 | 3583.8 | 3556.1 | 1 |
| Monetary authority; security repurchase agreements; liability | FL712151003 | 725.2 | 564.0 | 600.3 | 650.0 | 556.8 | 564.0 | 273.4 | 341.6 | 278.9 | 2 |
| U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; liability | FL762150005 | 162.6 | 170.5 | 158.5 | 162.9 | 166.9 | 170.5 | 156.9 | 158.0 | 156.2 | 3 |
| U.S.-chartered depository institutions, including IBFs; federal funds; liability (2) | FL762152005 | 33.0 | 46.2 | 30.9 | 33.9 | 41.4 | 46.2 | 44.1 | 44.2 | 47.2 | 4 |
| U.S.-chartered depository institutions, including IBFs; security repurchase agreements; liability | FL762151005 | 129.6 | 124.3 | 127.6 | 129.1 | 125.6 | 124.3 | 112.7 | 113.8 | 109.0 | 5 |
| Foreign banking offices in the U.S., including IBFs; federal funds and security repurchase agreements; liability | FL752150005 | 473.3 | 561.6 | 480.0 | 515.6 | 544.8 | 561.6 | 526.3 | 502.9 | 486.5 | 6 |
| Foreign banking offices in the U.S., including IBFs; federal funds; liability (2) | FL752152005 | 33.8 | 37.1 | 47.3 | 47.4 | 62.1 | 37.1 | 46.4 | 32.0 | 26.7 | 7 |
| Foreign banking offices in the U.S., including IBFs; security repurchase agreements; liability | FL752151005 | 439.6 | 524.5 | 432.7 | 468.3 | 482.7 | 524.5 | 479.9 | 471.0 | 459.8 | 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 | 9 |
| Property-casualty insurance companies; security repurchase agreements; liability | FL512151003 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 10 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FL542151073 | 21.6 | 21.4 | 21.7 | 22.3 | 21.7 | 21.4 | 19.1 | 17.9 | 18.8 | 11 |
| Government-sponsored enterprises; federal funds and security repurchase agreements; liability | FL402150005 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 12 |
| Mortgage real estate investment trusts; security repurchase agreements; liability | FL642151073 | 209.4 | 260.6 | 215.5 | 218.9 | 243.8 | 260.6 | 259.4 | 256.8 | 285.7 | 13 |
| Security brokers and dealers; security repurchase agreements; liability | FL662151003 | 1313.1 | 1392.5 | 1359.9 | 1442.2 | 1351.5 | 1392.5 | 1390.9 | 1455.0 | 1485.6 | 14 |
| Holding companies; security repurchase agreements; liability | FL732151003 | 0.1 | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 | 0.2 | 0.2 | 0.1 | 15 |
| Rest of the world; security repurchase agreements; liability | FL262151003 | 905.4 | 872.6 | 919.1 | 910.8 | 886.3 | 872.6 | 861.0 | 851.1 | 844.0 | 16 |
| All sectors; federal funds and security repurchase agreements; asset | FL892050005 | 3555.3 | 3817.6 | 3570.3 | 3757.6 | 3684.4 | 3817.6 | 3631.6 | 3718.0 | 3694.1 | 17 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 84.9 | 49.1 | 77.3 | 53.1 | 43.0 | 49.1 | 26.8 | 21.0 | 20.6 | 18 |
| State and local governments, excluding employee retirement funds; security repurchase agreements; asset | FL212051003 | 148.6 | 145.3 | 148.0 | 145.0 | 144.0 | 145.3 | 140.3 | 143.3 | 140.1 | 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 | 20 |
| U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; asset | FL762050005 | 218.5 | 222.5 | 190.0 | 224.5 | 188.1 | 222.5 | 240.9 | 229.5 | 237.2 | 21 |
| U.S.-chartered depository institutions, including IBFs; federal funds; asset (2) | FL762052005 | 21.2 | 24.4 | 24.9 | 16.6 | 25.0 | 24.4 | 24.7 | 21.3 | 20.3 | 22 |
| U.S.-chartered depository institutions, including IBFs; security repurchase agreements; asset | FL762051005 | 197.3 | 198.0 | 165.1 | 207.9 | 163.2 | 198.0 | 216.2 | 208.2 | 217.0 | 23 |
| Foreign banking offices in the U.S. including IBFs; federal funds and security repurchase agreements; asset | FL752050005 | 193.1 | 269.7 | 197.1 | 211.9 | 240.2 | 269.7 | 264.4 | 290.5 | 305.2 | 24 |
| Foreign banking offices in the U.S., including IBFs; federal funds; asset (2) | FL752052005 | 0.6 | 0.9 | 0.5 | 0.9 | 0.5 | 0.9 | 1.0 | 1.1 | 1.2 | 25 |
| Foreign banking offices in the U.S., including IBFs; security repurchase agreements; asset | FL752051005 | 192.4 | 268.8 | 196.6 | 211.0 | 239.7 | 268.8 | 263.4 | 289.4 | 304.0 | 26 |
| Credit unions; federal funds and security repurchase agreements held by Corporate Credit Unions (net of liabilities before 2002:Q4); asset | FL472050053 | 0.0 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.2 | 0.4 | 0.5 | 27 |
| Credit unions; federal funds held by Corporate Credit Unions; asset | FL472052053 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 28 |
| Credit unions; security repurchase agreements held by Corporate Credit Unions; asset | FL472051053 | 0.0 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.2 | 0.2 | 0.3 | 29 |
| Property-casualty insurance companies; security repurchase agreements, including those held by U.S. residual market reinsurers; asset | FL512051005 | 1.4 | 1.4 | 1.3 | 1.3 | 1.3 | 1.4 | 1.2 | 1.0 | 1.0 | 30 |
| Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset | FL542051075 | 2.5 | 2.0 | 2.5 | 2.4 | 2.3 | 2.0 | 1.8 | 1.7 | 1.8 | 31 |
| Private pension funds; security repurchase agreements; asset | FL572051005 | 2.6 | 2.4 | 2.5 | 2.5 | 2.4 | 2.4 | 2.3 | 2.2 | 2.2 | 32 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FL222051043 | 4.9 | 4.2 | 4.7 | 4.6 | 4.5 | 4.2 | 3.9 | 3.8 | 3.7 | 33 |
| Money market funds; security repurchase agreements; asset | FL632051000 | 801.6 | 956.5 | 808.7 | 893.5 | 909.6 | 956.5 | 782.0 | 909.0 | 920.3 | 34 |
| Mutual funds; security repurchase agreements; asset | FL652051003 | 84.1 | 98.0 | 93.5 | 91.5 | 98.0 | 98.0 | 94.6 | 89.6 | 88.1 | 35 |
| Government-sponsored enterprises; federal funds and security repurchase agreements; asset | FL402050005 | 185.0 | 195.6 | 207.7 | 202.3 | 203.0 | 195.6 | 218.7 | 192.7 | 194.7 | 36 |
| Government-sponsored enterprises; federal funds held by FHLB; asset (3) | FL402052033 | 48.6 | 65.5 | 78.4 | 74.6 | 89.6 | 65.5 | 93.3 | 88.7 | 72.7 | 37 |
| Security brokers and dealers; security repurchase agreements; asset | FL662051003 | 1112.7 | 1109.0 | 1098.9 | 1164.7 | 1103.6 | 1109.0 | 1113.7 | 1136.1 | 1164.7 | 38 |
| Holding companies; security repurchase agreements; asset | FL732051003 | 2.3 | 5.7 | 2.9 | 9.8 | 9.7 | 5.7 | 4.6 | 3.5 | 3.9 | 39 |
| Funding corproations; security repurchase agreements; asset | FL502051003 | 0.0 | 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 | 713.2 | 756.2 | 735.2 | 750.4 | 734.4 | 756.2 | 736.1 | 693.5 | 610.0 | 41 |
| Instrument discrepancies; federal funds and security repurchase agreements | FL902050005 | 255.9 | 26.1 | 185.1 | 165.7 | 87.7 | 26.1 | -144.1 | -134.1 | -138.0 | 42 |
| Interest rates and price indexes; effective Federal funds rate (percent) (4) | FL072052006 | 0.54 | 1.30 | 0.79 | 1.04 | 1.15 | 1.30 | 1.51 | 1.82 | 1.95 | 43 |
| Monetary authority; security repurchase agreements, reverse repurchase agreement operations; liability (5) | FL712151103 | 468.4 | 319.6 | 346.9 | 398.9 | 316.1 | 319.6 | 32.4 | 97.0 | 48.4 | 44 |
| Money market funds; security repurchase agreements (Federal Reserve reverse repurchase agreement operations); asset (6) | FL632051103 | 403.4 | 288.1 | 328.8 | 362.8 | 298.5 | 288.1 | 22.6 | 88.8 | 44.9 | 45 |
| Domestic financial sectors, excluding money market funds; security repurchase agreements (Federal Reserve Reverse Repurchase Agreement Operational Exercise); asset (7) | FL792051115 | 64.9 | 31.5 | 18.1 | 36.1 | 17.6 | 31.5 | 9.7 | 8.2 | 3.5 | 46 |
NOTES
- Detailed data on federal funds and security repurchase agreements are available beginning 2012:Q1 for U.S.-chartered despository institutions, 2003:Q1 for foreign banking offices in U.S., 1997:Q1 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 6, 2018