L.207 Federal Funds and Security Repurchase Agreements (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
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Description Series code 2018 2019 2020 2020 Q1 2020 Q2 2020 Q3 2020 Q4 2021 Q1 2021 Q2 Line
All sectors; federal funds and security repurchase agreements; liability FL892150005 3970.5 4431.4 4233.8 4788.6 4095.0 4100.6 4233.8 4028.4 4845.4 1
Monetary authority; security repurchase agreements; liability FL712151003 304.0 336.6 216.1 569.1 233.0 205.2 216.1 352.2 1260.9 2
U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; liability FL762150005 143.1 167.0 170.9 191.1 190.5 179.0 170.9 187.5 143.1 3
U.S.-chartered depository institutions, including IBFs; federal funds; liability (2) FL762152005 40.3 38.7 21.5 49.1 34.5 20.5 21.5 19.9 19.9 4
U.S.-chartered depository institutions, including IBFs; security repurchase agreements; liability FL762151005 102.8 128.4 149.4 142.1 156.0 158.5 149.4 167.6 123.2 5
Foreign banking offices in the U.S., including IBFs; federal funds and security repurchase agreements; liability FL752150005 503.6 550.0 545.0 597.1 498.2 540.9 545.0 527.1 542.0 6
Foreign banking offices in the U.S., including IBFs; federal funds; liability (2) FL752152005 17.9 19.2 12.3 25.7 21.9 18.1 12.3 24.4 30.2 7
Foreign banking offices in the U.S., including IBFs; security repurchase agreements; liability FL752151005 485.7 530.8 532.6 571.5 476.2 522.8 532.6 502.8 511.7 8
Credit unions; federal funds and security repurchase agreements held by Corporate Credit Unions; liability FL472150053 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9
Property-casualty insurance companies; security repurchase agreements; liability FL512151003 0.2 0.2 0.2 0.2 0.3 0.3 0.2 0.3 0.3 10
Life insurance companies, general accounts; security repurchase agreements; liability FL542151073 24.1 17.5 18.6 25.4 21.4 25.5 18.6 15.2 15.4 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 0.1 0.0 12
Mortgage real estate investment trusts; security repurchase agreements; liability FL642151073 307.6 379.3 221.7 259.8 229.8 220.3 221.7 218.3 210.8 13
Security brokers and dealers; security repurchase agreements; liability FL662151003 1698.4 1755.0 1774.2 1815.9 1680.4 1713.2 1774.2 1573.6 1550.5 14
Holding companies; security repurchase agreements; liability FL732151003 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 FL262151003 989.6 1225.7 1287.1 1329.9 1241.5 1216.1 1287.1 1153.9 1122.3 16
All sectors; federal funds and security repurchase agreements; asset FL892050005 4452.1 5137.8 4890.4 5547.1 4768.2 4741.6 4890.4 4569.4 5248.7 17
Nonfinancial corporate business; security repurchase agreements; asset FL102051003 14.6 13.4 39.8 27.4 32.4 30.3 39.8 23.9 39.0 18
State and local governments; security repurchase agreements; asset FL212051003 164.9 163.6 182.8 161.4 174.2 178.9 182.8 189.1 195.5 19
Monetary authority; security repurchase agreements; asset FL712051000 0.0 255.6 0.0 262.7 58.0 0.0 0.0 0.0 0.0 20
U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; asset FL762050005 382.8 358.5 538.3 331.3 560.3 498.1 538.3 294.3 300.2 21
U.S.-chartered depository institutions, including IBFs; federal funds; asset (2) FL762052005 20.3 24.2 25.5 21.3 32.1 19.9 25.5 27.6 27.4 22
U.S.-chartered depository institutions, including IBFs; security repurchase agreements; asset FL762051005 362.5 334.3 512.8 309.9 528.2 478.2 512.8 266.7 272.7 23
Foreign banking offices in the U.S. including IBFs; federal funds and security repurchase agreements; asset FL752050005 319.0 379.0 323.7 327.2 302.2 336.1 323.7 272.2 276.2 24
Foreign banking offices in the U.S., including IBFs; federal funds; asset (2) FL752052005 1.2 0.3 0.3 0.6 1.1 1.3 0.3 1.0 0.1 25
Foreign banking offices in the U.S., including IBFs; security repurchase agreements; asset FL752051005 317.8 378.7 323.3 326.6 301.1 334.9 323.3 271.2 276.1 26
Credit unions; federal funds and security repurchase agreements held by Corporate Credit Unions (net of liabilities before 2002:Q4); asset FL472050053 0.2 0.8 0.5 0.8 0.8 0.8 0.5 0.5 0.3 27
Credit unions; federal funds held by Corporate Credit Unions; asset FL472052053 0.1 0.3 0.1 0.3 0.1 0.2 0.1 0.1 0.1 28
Credit unions; security repurchase agreements held by Corporate Credit Unions; asset FL472051053 0.0 0.6 0.4 0.5 0.6 0.6 0.4 0.4 0.1 29
Property-casualty insurance companies; security repurchase agreements, including those held by U.S. residual market reinsurers; asset FL512051005 1.3 2.0 2.2 2.3 3.0 3.1 2.2 2.3 2.5 30
Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset FL542051075 2.2 6.3 8.2 9.6 8.5 10.6 8.2 7.0 7.1 31
Private pension funds; security repurchase agreements; asset FL572051005 2.5 15.8 21.1 16.7 18.1 19.5 21.1 21.9 23.4 32
State and local government employee defined benefit retirement funds; security repurchase agreements; asset FL222051043 4.5 7.0 8.1 6.5 4.0 2.6 8.1 20.0 24.1 33
Money market funds; security repurchase agreements; asset FL632051000 1019.5 1175.1 1006.3 1468.4 906.1 997.2 1006.3 1055.8 1585.6 34
Mutual funds; security repurchase agreements; asset FL652051003 81.7 102.8 108.2 107.3 104.1 96.7 108.2 114.6 117.3 35
Government-sponsored enterprises; federal funds and security repurchase agreements; asset FL402050005 170.6 195.2 212.5 153.9 225.0 206.9 212.5 146.8 256.8 36
Government-sponsored enterprises; federal funds held by FHLB; asset (3) FL402052033 54.2 51.4 31.5 74.4 53.7 44.5 31.5 54.3 47.9 37
Security brokers and dealers; security repurchase agreements; asset FL662051003 1315.2 1396.0 1322.1 1483.0 1282.2 1279.0 1322.1 1238.0 1133.4 38
Holding companies; security repurchase agreements; asset FL732051003 1.6 2.0 41.4 2.0 21.8 36.5 41.4 29.4 15.8 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 FL262051005 971.5 1064.8 1075.2 1186.5 1067.6 1045.3 1075.2 1153.5 1271.6 41
Instrument discrepancies; federal funds and security repurchase agreements FL902050005 -481.6 -706.4 -656.6 -758.5 -673.2 -641.0 -656.6 -541.0 -403.3 42
Interest rates and price indexes; effective Federal funds rate (percent) (4) FL072052006 2.27 1.55 0.09 0.65 0.08 0.09 0.09 0.07 0.08 43
Monetary authority; security repurchase agreements, reverse repurchase agreement operations; liability (5) FL712151103 41.8 64.1 9.7 284.9 0.9 0.8 9.7 134.3 991.9 44
Money market funds; security repurchase agreements (Federal Reserve reverse repurchase agreement operations); asset (6) FL632051103 39.6 46.9 9.7 284.9 0.9 0.8 9.7 125.3 855.1 45
Domestic financial sectors, excluding money market funds; security repurchase agreements (Federal Reserve Reverse Repurchase Agreement Operational Exercise); asset (7) FL792051115 2.2 17.2 0.0 0.0 0.0 0.0 0.0 9.0 136.8 46

NOTES

  1. 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.
  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. Included in line 2.
  6. Included in line 34.
  7. Includes banks (consolidated), government-sponsored enterprises, and primary dealers.
Last Update: September 23, 2021