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 | 2017 | 2018 | 2018 Q1 | 2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | 2019 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; federal funds and security repurchase agreements; liability | FL892150005 | 3838.2 | 3896.0 | 3494.3 | 3591.8 | 3569.9 | 3896.0 | 4041.6 | 4280.6 | 4501.9 | 1 |
| Monetary authority; security repurchase agreements; liability | FL712151003 | 564.0 | 304.0 | 273.4 | 341.6 | 278.9 | 304.0 | 255.3 | 335.4 | 313.4 | 2 |
| U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; liability | FL762150005 | 170.4 | 143.1 | 156.9 | 158.0 | 156.2 | 143.1 | 152.0 | 153.9 | 180.1 | 3 |
| U.S.-chartered depository institutions, including IBFs; federal funds; liability (2) | FL762152005 | 46.2 | 40.3 | 44.1 | 44.2 | 47.2 | 40.3 | 48.9 | 45.6 | 44.4 | 4 |
| U.S.-chartered depository institutions, including IBFs; security repurchase agreements; liability | FL762151005 | 124.3 | 102.8 | 112.7 | 113.8 | 109.0 | 102.8 | 103.2 | 108.3 | 135.7 | 5 |
| Foreign banking offices in the U.S., including IBFs; federal funds and security repurchase agreements; liability | FL752150005 | 552.5 | 503.6 | 526.3 | 502.9 | 486.5 | 503.6 | 488.4 | 510.8 | 526.5 | 6 |
| Foreign banking offices in the U.S., including IBFs; federal funds; liability (2) | FL752152005 | 28.0 | 17.9 | 46.4 | 32.0 | 26.7 | 17.9 | 26.5 | 20.9 | 19.4 | 7 |
| Foreign banking offices in the U.S., including IBFs; security repurchase agreements; liability | FL752151005 | 524.5 | 485.7 | 479.9 | 471.0 | 459.8 | 485.7 | 461.9 | 489.8 | 507.1 | 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 | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 10 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FL542151073 | 21.4 | 24.1 | 20.8 | 20.9 | 23.5 | 24.1 | 25.5 | 27.9 | 28.0 | 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 | 264.3 | 308.0 | 264.6 | 262.1 | 291.6 | 308.0 | 338.8 | 369.3 | 373.4 | 13 |
| Security brokers and dealers; security repurchase agreements; liability | FL662151003 | 1392.5 | 1698.4 | 1390.9 | 1455.0 | 1485.7 | 1698.4 | 1689.3 | 1781.4 | 1873.7 | 14 |
| Holding companies; security repurchase agreements; liability | FL732151003 | 0.1 | 0.0 | 0.2 | 0.2 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 15 |
| Rest of the world; security repurchase agreements; liability | FL262151003 | 872.6 | 914.6 | 861.0 | 851.0 | 847.3 | 914.6 | 1092.0 | 1101.7 | 1206.5 | 16 |
| All sectors; federal funds and security repurchase agreements; asset | FL892050005 | 3821.0 | 4138.4 | 3648.8 | 3724.3 | 3726.2 | 4138.4 | 4282.3 | 4508.1 | 4813.2 | 17 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 39.6 | 14.0 | 30.7 | 16.1 | 12.7 | 14.0 | 11.6 | 9.9 | 9.7 | 18 |
| State and local governments, excluding employee retirement funds; security repurchase agreements; asset | FL212051003 | 156.7 | 145.1 | 149.9 | 150.5 | 151.1 | 145.1 | 145.9 | 145.1 | 144.1 | 19 |
| Monetary authority; security repurchase agreements; asset | FL712051000 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 202.5 | 20 |
| U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; asset | FL762050005 | 222.5 | 382.8 | 240.9 | 229.5 | 237.2 | 382.8 | 359.4 | 376.4 | 332.3 | 21 |
| U.S.-chartered depository institutions, including IBFs; federal funds; asset (2) | FL762052005 | 24.4 | 20.3 | 24.7 | 21.3 | 20.3 | 20.3 | 24.1 | 19.1 | 21.3 | 22 |
| U.S.-chartered depository institutions, including IBFs; security repurchase agreements; asset | FL762051005 | 198.0 | 362.5 | 216.2 | 208.2 | 217.0 | 362.5 | 335.3 | 357.3 | 311.0 | 23 |
| Foreign banking offices in the U.S. including IBFs; federal funds and security repurchase agreements; asset | FL752050005 | 268.1 | 319.0 | 264.4 | 290.5 | 305.2 | 319.0 | 364.8 | 381.7 | 402.9 | 24 |
| Foreign banking offices in the U.S., including IBFs; federal funds; asset (2) | FL752052005 | 0.9 | 1.2 | 1.0 | 1.1 | 1.2 | 1.2 | 2.1 | 0.4 | 2.1 | 25 |
| Foreign banking offices in the U.S., including IBFs; security repurchase agreements; asset | FL752051005 | 267.2 | 317.8 | 263.4 | 289.4 | 304.0 | 317.8 | 362.7 | 381.3 | 400.8 | 26 |
| Credit unions; federal funds and security repurchase agreements held by Corporate Credit Unions (net of liabilities before 2002:Q4); asset | FL472050053 | 0.1 | 0.2 | 0.2 | 0.4 | 0.2 | 0.2 | 0.6 | 0.7 | 0.8 | 27 |
| Credit unions; federal funds held by Corporate Credit Unions; asset | FL472052053 | 0.0 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.3 | 0.3 | 0.4 | 28 |
| Credit unions; security repurchase agreements held by Corporate Credit Unions; asset | FL472051053 | 0.1 | 0.0 | 0.2 | 0.2 | 0.0 | 0.0 | 0.2 | 0.4 | 0.4 | 29 |
| Property-casualty insurance companies; security repurchase agreements, including those held by U.S. residual market reinsurers; asset | FL512051005 | 1.4 | 1.3 | 1.3 | 1.1 | 1.2 | 1.3 | 1.5 | 1.3 | 1.1 | 30 |
| Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset | FL542051075 | 2.0 | 2.2 | 1.9 | 1.9 | 2.2 | 2.2 | 2.3 | 2.5 | 2.6 | 31 |
| Private pension funds; security repurchase agreements; asset | FL572051005 | 2.9 | 3.0 | 3.0 | 3.0 | 3.0 | 3.0 | 3.1 | 3.1 | 3.1 | 32 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FL222051043 | 4.7 | 4.6 | 4.8 | 4.8 | 4.8 | 4.6 | 4.9 | 4.4 | 4.3 | 33 |
| Money market funds; security repurchase agreements; asset | FL632051000 | 956.5 | 1019.5 | 782.0 | 909.0 | 920.3 | 1019.5 | 980.1 | 1133.1 | 1172.5 | 34 |
| Mutual funds; security repurchase agreements; asset | FL652051003 | 98.0 | 81.7 | 94.6 | 89.6 | 88.4 | 81.7 | 105.1 | 107.1 | 100.9 | 35 |
| Government-sponsored enterprises; federal funds and security repurchase agreements; asset | FL402050005 | 195.6 | 170.6 | 218.7 | 192.7 | 194.7 | 170.6 | 201.6 | 208.9 | 187.1 | 36 |
| Government-sponsored enterprises; federal funds held by FHLB; asset (3) | FL402052033 | 65.5 | 54.2 | 93.3 | 88.7 | 72.7 | 54.2 | 75.4 | 74.8 | 55.9 | 37 |
| Security brokers and dealers; security repurchase agreements; asset | FL662051003 | 1109.0 | 1315.2 | 1113.7 | 1136.1 | 1164.8 | 1315.2 | 1318.5 | 1363.2 | 1466.5 | 38 |
| Holding companies; security repurchase agreements; asset | FL732051003 | 5.7 | 1.7 | 4.6 | 3.5 | 3.9 | 1.7 | 1.5 | 1.3 | 1.2 | 39 |
| Other financial business; 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 | 758.2 | 677.5 | 738.1 | 695.5 | 636.4 | 677.5 | 781.5 | 769.4 | 781.6 | 41 |
| Instrument discrepancies; federal funds and security repurchase agreements | FL902050005 | 17.2 | -242.4 | -154.5 | -132.5 | -156.3 | -242.4 | -240.7 | -227.5 | -311.3 | 42 |
| Interest rates and price indexes; effective Federal funds rate (percent) (4) | FL072052006 | 1.30 | 2.27 | 1.51 | 1.82 | 1.95 | 2.27 | 2.41 | 2.38 | 2.04 | 43 |
| Monetary authority; security repurchase agreements, reverse repurchase agreement operations; liability (5) | FL712151103 | 319.6 | 41.8 | 32.4 | 97.0 | 48.4 | 41.8 | 0.7 | 44.3 | 7.1 | 44 |
| Money market funds; security repurchase agreements (Federal Reserve reverse repurchase agreement operations); asset (6) | FL632051103 | 288.1 | 39.6 | 22.6 | 88.8 | 44.9 | 39.6 | 0.7 | 43.6 | 7.1 | 45 |
| Domestic financial sectors, excluding money market funds; security repurchase agreements (Federal Reserve Reverse Repurchase Agreement Operational Exercise); asset (7) | FL792051115 | 31.5 | 2.2 | 9.7 | 8.2 | 3.5 | 2.2 | 0.0 | 0.7 | 0.0 | 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 12, 2019