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 | 2019 | 2020 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | 2021 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; federal funds and security repurchase agreements; liability | FA892150005 | 333.0 | -192.7 | 1511.1 | -2781.5 | 22.6 | 477.1 | -629.8 | 3136.8 | 2794.2 | 1 |
| Monetary authority; security repurchase agreements; liability | FA712151003 | 32.6 | -120.6 | 929.7 | -1344.5 | -110.9 | 43.3 | 544.5 | 3635.0 | 2577.0 | 2 |
| U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; liability | FA762150005 | 23.9 | 3.9 | 96.4 | -2.5 | -45.8 | -32.6 | 66.3 | -177.4 | 30.4 | 3 |
| U.S.-chartered depository institutions, including IBFs; federal funds; liability (2) | FA762152005 | -1.7 | -17.1 | 41.6 | -58.4 | -55.8 | 4.1 | -6.6 | 0.2 | -9.8 | 4 |
| U.S.-chartered depository institutions, including IBFs; security repurchase agreements; liability | FA762151005 | 25.6 | 21.0 | 54.8 | 55.9 | 9.9 | -36.6 | 72.9 | -177.5 | 40.2 | 5 |
| Foreign banking offices in the U.S., including IBFs; federal funds and security repurchase agreements; liability | FA752150005 | 46.4 | -5.1 | 251.1 | -403.2 | 171.2 | -39.4 | 120.6 | -72.0 | 103.9 | 6 |
| Foreign banking offices in the U.S., including IBFs; federal funds; liability (2) | FA752152005 | 1.3 | -6.9 | 25.9 | -15.0 | -15.3 | -23.1 | 48.1 | 23.5 | -15.4 | 7 |
| Foreign banking offices in the U.S., including IBFs; security repurchase agreements; liability | FA752151005 | 45.1 | 1.8 | 225.2 | -388.1 | 186.5 | -16.3 | 72.5 | -95.5 | 119.4 | 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 | -0.0 | 0.1 | 0.2 | 0.3 | 0.1 | -0.3 | 0.0 | 0.1 | -0.1 | 10 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FA542151073 | -6.5 | 1.1 | 31.5 | -16.1 | 16.5 | -27.7 | -13.3 | 0.6 | 6.2 | 11 |
| Government-sponsored enterprises; federal funds and security repurchase agreements; liability | FA402150005 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.4 | -0.4 | 0.0 | 12 |
| Mortgage real estate investment trusts; security repurchase agreements; liability | FA642151073 | 71.8 | -157.6 | -478.3 | -120.0 | -38.1 | 5.8 | -13.4 | -30.3 | -21.7 | 13 |
| Security brokers and dealers; security repurchase agreements; liability | FA662151003 | 51.6 | 24.2 | 263.7 | -542.1 | 131.2 | 244.1 | -802.4 | -92.4 | 16.7 | 14 |
| Holding companies; security repurchase agreements; liability | FA732151003 | -0.0 | -0.0 | -0.0 | 0.0 | 0.1 | -0.1 | 0.4 | -0.2 | 0.1 | 15 |
| Rest of the world; security repurchase agreements; liability | FA262151003 | 113.2 | 61.4 | 416.7 | -353.5 | -101.7 | 284.0 | -532.8 | -126.3 | 81.7 | 16 |
| All sectors; federal funds and security repurchase agreements; asset | FA892050005 | 618.9 | -251.5 | 1984.5 | -3417.6 | -106.7 | 533.6 | -777.0 | 2251.9 | 2518.4 | 17 |
| Nonfinancial corporate business; security repurchase agreements; asset | FA102051003 | -1.2 | 26.4 | 56.0 | 20.0 | -8.4 | 38.1 | -50.9 | 38.7 | -24.0 | 18 |
| State and local governments; security repurchase agreements; asset | FA212051003 | -1.3 | 19.3 | -8.7 | 51.5 | 18.5 | 15.9 | 25.0 | 25.5 | 23.3 | 19 |
| Monetary authority; security repurchase agreements; asset | FA712051000 | 255.6 | -255.6 | 28.4 | -819.1 | -231.8 | 0.0 | 0.0 | 0.0 | 0.0 | 20 |
| U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; asset | FA762050005 | -24.3 | 179.8 | -108.9 | 916.1 | -248.8 | 160.8 | -975.8 | 23.1 | -50.9 | 21 |
| U.S.-chartered depository institutions, including IBFs; federal funds; asset (2) | FA762052005 | 3.9 | 1.3 | -11.4 | 42.8 | -48.6 | 22.2 | 8.5 | -0.9 | -6.6 | 22 |
| U.S.-chartered depository institutions, including IBFs; security repurchase agreements; asset | FA762051005 | -28.2 | 178.5 | -97.5 | 873.3 | -200.2 | 138.6 | -984.3 | 24.0 | -44.3 | 23 |
| Foreign banking offices in the U.S. including IBFs; federal funds and security repurchase agreements; asset | FA752050005 | 60.0 | -55.4 | -207.4 | -99.9 | 135.8 | -49.9 | -63.8 | -126.2 | 91.5 | 24 |
| Foreign banking offices in the U.S., including IBFs; federal funds; asset (2) | FA752052005 | -0.9 | 0.0 | 1.2 | 2.0 | 0.6 | -3.6 | 2.6 | -3.6 | 0.6 | 25 |
| Foreign banking offices in the U.S., including IBFs; security repurchase agreements; asset | FA752051005 | 60.9 | -55.4 | -208.5 | -101.9 | 135.2 | -46.3 | -66.4 | -122.6 | 90.9 | 26 |
| Credit unions; federal funds and security repurchase agreements held by Corporate Credit Unions (net of liabilities before 2002:Q4); asset | FA472050053 | 0.6 | -0.3 | -0.1 | -0.1 | 0.2 | -1.1 | -0.2 | -0.9 | -0.1 | 27 |
| Credit unions; federal funds held by Corporate Credit Unions; asset | FA472052053 | 0.1 | -0.1 | 0.2 | -0.7 | 0.2 | -0.3 | -0.0 | 0.0 | 0.0 | 28 |
| Credit unions; security repurchase agreements held by Corporate Credit Unions; asset | FA472051053 | 0.5 | -0.1 | -0.3 | 0.6 | -0.0 | -0.8 | -0.2 | -0.9 | -0.2 | 29 |
| Property-casualty insurance companies; security repurchase agreements, including those held by U.S. residual market reinsurers; asset | FA512051005 | 0.6 | 0.2 | 1.5 | 2.5 | 0.5 | -3.6 | 0.3 | 1.0 | -1.2 | 30 |
| Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset | FA542051075 | 4.1 | 1.9 | 12.9 | -4.3 | 8.5 | -9.6 | -4.6 | 0.3 | 2.9 | 31 |
| Private pension funds; security repurchase agreements; asset | FA572051005 | 13.3 | 5.3 | 3.8 | 5.6 | 5.6 | 6.2 | 3.4 | 6.0 | 5.2 | 32 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | 3.5 | 1.1 | -2.0 | -9.8 | -5.9 | 22.2 | 40.2 | 36.4 | -2.1 | 33 |
| Money market funds; security repurchase agreements; asset | FA632051000 | 155.7 | -168.8 | 1537.2 | -2551.4 | 363.9 | -25.1 | 557.9 | 1791.8 | 1890.8 | 34 |
| Mutual funds; security repurchase agreements; asset | FA652051003 | 21.2 | 5.4 | 17.9 | -12.8 | -29.8 | 46.2 | 25.4 | 16.6 | 35.8 | 35 |
| Government-sponsored enterprises; federal funds and security repurchase agreements; asset | FA402050005 | 24.6 | 17.3 | -165.0 | 284.4 | -72.4 | 22.3 | -262.8 | 439.9 | -166.4 | 36 |
| Government-sponsored enterprises; federal funds held by FHLB; asset (3) | FA402052033 | -2.9 | -19.8 | 92.0 | -82.8 | -36.5 | -52.1 | 91.0 | -25.5 | 16.0 | 37 |
| Security brokers and dealers; security repurchase agreements; asset | FA662051003 | 84.9 | -78.0 | 331.7 | -803.2 | -12.6 | 172.3 | -336.3 | -418.4 | 311.3 | 38 |
| Holding companies; security repurchase agreements; asset | FA732051003 | 0.4 | 39.4 | 0.2 | 79.0 | 58.9 | 19.4 | -47.7 | -54.4 | 57.2 | 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 | 21.3 | 10.4 | 487.0 | -475.9 | -89.0 | 119.6 | 313.0 | 472.4 | 345.1 | 41 |
| Instrument discrepancies; federal funds and security repurchase agreements | FA902050005 | -285.9 | 58.9 | -473.4 | 636.0 | 129.3 | -56.5 | 147.2 | 884.9 | 275.7 | 42 |
| Monetary authority; security repurchase agreements, reverse repurchase agreement operations; liability (4) | FA712151103 | 22.2 | -54.4 | 883.3 | -1135.8 | -0.4 | 35.2 | 498.6 | 3430.5 | 2451.8 | 43 |
| Money market funds; security repurchase agreements (Federal Reserve reverse repurchase agreement operations); asset (5) | FA632051103 | 7.2 | -37.2 | 952.0 | -1135.8 | -0.4 | 35.2 | 462.6 | 2919.1 | 2335.4 | 44 |
| Domestic financial sectors, excluding money market funds; security repurchase agreements (Federal Reserve Reverse Repurchase Agreement Operational Exercise); asset (6) | FA792051115 | 15.0 | -17.2 | -68.8 | -0.0 | 0.0 | 0.0 | 36.0 | 511.4 | 116.4 | 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: December 9, 2021