Financial Accounts of the United States - Z.1
F.207 Federal Funds and Security Repurchase Agreements (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2018 | 2019 | 2020 | 2019 Q3 | 2019 Q4 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; federal funds and security repurchase agreements; liability | FA892150005 | 131.8 | 333.9 | -177.1 | 958.5 | -657.4 | 1474.9 | -2764.5 | 21.3 | 559.8 | 1 |
| Monetary authority; security repurchase agreements; liability | FA712151003 | -259.9 | 32.6 | -120.6 | -88.0 | 93.1 | 929.7 | -1344.5 | -110.9 | 43.3 | 2 |
| U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; liability | FA762150005 | -27.3 | 23.9 | 3.9 | 105.6 | -53.1 | 96.4 | -2.5 | -45.8 | -32.5 | 3 |
| U.S.-chartered depository institutions, including IBFs; federal funds; liability (2) | FA762152005 | -5.8 | -1.7 | -17.1 | -4.3 | -23.5 | 41.6 | -58.4 | -55.8 | 4.1 | 4 |
| U.S.-chartered depository institutions, including IBFs; security repurchase agreements; liability | FA762151005 | -21.5 | 25.6 | 21.0 | 109.9 | -29.6 | 54.8 | 55.9 | 9.9 | -36.6 | 5 |
| Foreign banking offices in the U.S., including IBFs; federal funds and security repurchase agreements; liability | FA752150005 | -48.9 | 46.4 | -5.1 | 61.8 | 45.0 | 251.1 | -403.2 | 171.2 | -39.4 | 6 |
| Foreign banking offices in the U.S., including IBFs; federal funds; liability (2) | FA752152005 | -10.0 | 1.3 | -6.9 | -6.2 | -0.6 | 25.9 | -15.0 | -15.3 | -23.1 | 7 |
| Foreign banking offices in the U.S., including IBFs; security repurchase agreements; liability | FA752151005 | -38.9 | 45.1 | 1.8 | 68.0 | 45.6 | 225.2 | -388.1 | 186.5 | -16.3 | 8 |
| Credit unions; federal funds and security repurchase agreements held by Corporate Credit Unions; liability | FA472150053 | -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 | FA512151003 | -0.2 | -0.0 | 0.4 | -0.1 | 0.0 | 0.7 | -0.4 | 1.0 | 0.3 | 10 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FA542151073 | 2.7 | -6.5 | 11.8 | -9.6 | -13.0 | 38.4 | -4.8 | 16.5 | -2.7 | 11 |
| Government-sponsored enterprises; federal funds and security repurchase agreements; liability | FA402150005 | 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 | FA642151073 | 43.3 | 71.8 | -157.8 | 16.8 | 26.1 | -476.2 | -121.9 | -38.4 | 5.3 | 13 |
| Security brokers and dealers; security repurchase agreements; liability | FA662151003 | 305.9 | 56.6 | 19.2 | 369.1 | -474.9 | 243.8 | -542.1 | 131.2 | 244.1 | 14 |
| Holding companies; security repurchase agreements; liability | FA732151003 | -0.0 | -0.0 | -0.0 | 0.0 | 0.0 | -0.0 | 0.0 | 0.1 | -0.1 | 15 |
| Rest of the world; security repurchase agreements; liability | FA262151003 | 116.4 | 109.1 | 71.0 | 502.8 | -280.7 | 391.0 | -345.2 | -103.5 | 341.6 | 16 |
| All sectors; federal funds and security repurchase agreements; asset | FA892050005 | 380.0 | 588.2 | -245.4 | 1219.9 | -251.5 | 2000.5 | -3427.7 | -113.8 | 559.3 | 17 |
| Nonfinancial corporate business; security repurchase agreements; asset | FA102051003 | -25.0 | -2.4 | 14.4 | -0.6 | 8.2 | 48.9 | 21.0 | -4.9 | -7.3 | 18 |
| State and local governments; security repurchase agreements; asset | FA212051003 | 1.2 | -0.7 | 19.3 | 2.7 | 3.6 | -8.7 | 51.5 | 18.5 | 15.9 | 19 |
| Monetary authority; security repurchase agreements; asset | FA712051000 | 0.0 | 255.6 | -255.6 | 810.0 | 212.5 | 28.4 | -819.1 | -231.8 | 0.0 | 20 |
| U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; asset | FA762050005 | 160.3 | -24.3 | 179.8 | -176.2 | 104.6 | -108.9 | 916.1 | -248.7 | 160.8 | 21 |
| U.S.-chartered depository institutions, including IBFs; federal funds; asset (2) | FA762052005 | -4.1 | 3.9 | 1.3 | 9.3 | 11.4 | -11.4 | 42.8 | -48.5 | 22.3 | 22 |
| U.S.-chartered depository institutions, including IBFs; security repurchase agreements; asset | FA762051005 | 164.5 | -28.2 | 178.5 | -185.5 | 93.2 | -97.5 | 873.3 | -200.2 | 138.6 | 23 |
| Foreign banking offices in the U.S. including IBFs; federal funds and security repurchase agreements; asset | FA752050005 | 50.9 | 60.0 | -55.4 | 85.0 | -95.5 | -207.4 | -99.9 | 135.8 | -49.9 | 24 |
| Foreign banking offices in the U.S., including IBFs; federal funds; asset (2) | FA752052005 | 0.3 | -0.9 | 0.0 | 6.9 | -7.2 | 1.2 | 2.0 | 0.6 | -3.6 | 25 |
| Foreign banking offices in the U.S., including IBFs; security repurchase agreements; asset | FA752051005 | 50.6 | 60.9 | -55.4 | 78.1 | -88.3 | -208.5 | -101.9 | 135.2 | -46.3 | 26 |
| Credit unions; federal funds and security repurchase agreements held by Corporate Credit Unions (net of liabilities before 2002:Q4); asset | FA472050053 | 0.0 | 0.6 | -0.3 | 0.2 | 0.1 | -0.1 | -0.1 | 0.2 | -1.1 | 27 |
| Credit unions; federal funds held by Corporate Credit Unions; asset | FA472052053 | 0.1 | 0.1 | -0.1 | 0.4 | -0.5 | 0.2 | -0.7 | 0.2 | -0.3 | 28 |
| Credit unions; security repurchase agreements held by Corporate Credit Unions; asset | FA472051053 | -0.1 | 0.5 | -0.1 | -0.2 | 0.6 | -0.3 | 0.6 | -0.0 | -0.8 | 29 |
| Property-casualty insurance companies; security repurchase agreements, including those held by U.S. residual market reinsurers; asset | FA512051005 | -0.0 | 0.6 | 0.3 | -0.4 | 1.0 | 1.8 | -1.8 | 1.2 | 0.1 | 30 |
| Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset | FA542051075 | 0.2 | 4.1 | 1.9 | 4.0 | 2.6 | 13.9 | -9.6 | 3.7 | -0.6 | 31 |
| Private pension funds; security repurchase agreements; asset | FA572051005 | -0.5 | -0.0 | -0.1 | -0.1 | -0.1 | 0.0 | -0.1 | -0.1 | -0.1 | 32 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | -0.2 | 0.5 | -6.5 | 8.8 | -7.0 | -2.2 | -7.3 | -7.6 | -9.0 | 33 |
| Money market funds; security repurchase agreements; asset | FA632051000 | 63.0 | 155.7 | -168.8 | 151.2 | -75.3 | 1537.2 | -2551.4 | 363.9 | -25.1 | 34 |
| Mutual funds; security repurchase agreements; asset | FA652051003 | -16.4 | 21.2 | 4.7 | -18.6 | 1.7 | 17.9 | -12.8 | -29.8 | 43.4 | 35 |
| Government-sponsored enterprises; federal funds and security repurchase agreements; asset | FA402050005 | -24.9 | 24.6 | 30.2 | -87.1 | 32.4 | -165.0 | 284.4 | -72.4 | 73.9 | 36 |
| Government-sponsored enterprises; federal funds held by FHLB; asset (3) | FA402052033 | -11.3 | -2.9 | -6.4 | -75.5 | -18.3 | 92.0 | -82.8 | -36.5 | 1.9 | 37 |
| Security brokers and dealers; security repurchase agreements; asset | FA662051003 | 206.2 | 80.8 | -73.8 | 413.2 | -282.2 | 348.1 | -803.2 | -12.6 | 172.3 | 38 |
| Holding companies; security repurchase agreements; asset | FA732051003 | -4.0 | 0.4 | 39.8 | -0.4 | 3.7 | -0.0 | 80.5 | 59.7 | 19.1 | 39 |
| Other financial business; security repurchase agreements; asset | FA502051003 | 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 | FA262051005 | -30.8 | 11.6 | 24.6 | 28.1 | -161.6 | 496.4 | -475.9 | -89.0 | 167.1 | 41 |
| Instrument discrepancies; federal funds and security repurchase agreements | FA902050005 | -248.1 | -254.3 | 68.3 | -261.4 | -405.9 | -525.6 | 663.2 | 135.1 | 0.4 | 42 |
| Monetary authority; security repurchase agreements, reverse repurchase agreement operations; liability (4) | FA712151103 | -277.7 | 22.2 | -54.4 | -149.0 | 228.1 | 883.3 | -1135.8 | -0.4 | 35.2 | 43 |
| Money market funds; security repurchase agreements (Federal Reserve reverse repurchase agreement operations); asset (5) | FA632051103 | -248.5 | 7.2 | -37.2 | -146.2 | 159.3 | 952.0 | -1135.8 | -0.4 | 35.2 | 44 |
| Domestic financial sectors, excluding money market funds; security repurchase agreements (Federal Reserve Reverse Repurchase Agreement Operational Exercise); asset (6) | FA792051115 | -29.3 | 15.0 | -17.2 | -2.8 | 68.8 | -68.8 | -0.0 | 0.0 | 0.0 | 45 |
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.
- Included in line 2.
- Included in line 34.
- Includes banks (consolidated), government-sponsored enterprises, and primary dealers.
Last Update: March 11, 2021