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 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 FL892150005 4426.5 4233.8 4788.6 4095.0 4100.6 4233.8 4058.7 4845.4 5543.7 1
Monetary authority; security repurchase agreements; liability FL712151003 336.6 216.1 569.1 233.0 205.2 216.1 352.2 1260.9 1905.2 2
U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; liability FL762150005 167.0 170.9 191.1 190.5 179.0 170.9 187.5 143.1 150.7 3
U.S.-chartered depository institutions, including IBFs; federal funds; liability (2) FL762152005 38.7 21.5 49.1 34.5 20.5 21.5 19.9 19.9 17.5 4
U.S.-chartered depository institutions, including IBFs; security repurchase agreements; liability FL762151005 128.4 149.4 142.1 156.0 158.5 149.4 167.6 123.2 133.3 5
Foreign banking offices in the U.S., including IBFs; federal funds and security repurchase agreements; liability FL752150005 550.0 545.0 597.1 498.2 540.9 545.0 557.5 542.0 567.7 6
Foreign banking offices in the U.S., including IBFs; federal funds; liability (2) FL752152005 19.2 12.3 25.7 21.9 18.1 12.3 24.4 30.2 26.4 7
Foreign banking offices in the U.S., including IBFs; security repurchase agreements; liability FL752151005 530.8 532.6 571.5 476.2 522.8 532.6 533.1 511.7 541.3 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 0.3 0.3 0.2 0.3 0.3 0.2 10
Life insurance companies, general accounts; security repurchase agreements; liability FL542151073 17.5 18.6 25.4 21.4 25.5 18.6 15.2 15.4 16.9 11
Government-sponsored enterprises; federal funds and security repurchase agreements; liability FL402150005 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 12
Mortgage real estate investment trusts; security repurchase agreements; liability FL642151073 379.3 221.7 259.8 229.8 220.3 221.7 218.3 210.8 205.3 13
Security brokers and dealers; security repurchase agreements; liability FL662151003 1750.0 1774.2 1815.9 1680.4 1713.2 1774.2 1573.6 1550.5 1554.7 14
Holding companies; security repurchase agreements; liability FL732151003 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 15
Rest of the world; security repurchase agreements; liability FL262151003 1225.7 1287.1 1329.9 1241.5 1216.1 1287.1 1153.9 1122.3 1142.8 16
All sectors; federal funds and security repurchase agreements; asset FL892050005 5141.9 4890.4 5547.1 4768.2 4741.6 4890.4 4606.2 5251.0 5878.5 17
Nonfinancial corporate business; security repurchase agreements; asset FL102051003 13.4 39.8 27.4 32.4 30.3 39.8 27.1 36.8 30.8 18
State and local governments; security repurchase agreements; asset FL212051003 163.6 182.8 161.4 174.2 178.9 182.8 189.1 195.5 201.3 19
Monetary authority; security repurchase agreements; asset FL712051000 255.6 0.0 262.7 58.0 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 358.5 538.3 331.3 560.3 498.1 538.3 294.3 300.1 287.4 21
U.S.-chartered depository institutions, including IBFs; federal funds; asset (2) FL762052005 24.2 25.5 21.3 32.0 19.9 25.5 27.6 27.4 25.7 22
U.S.-chartered depository institutions, including IBFs; security repurchase agreements; asset FL762051005 334.3 512.8 309.9 528.2 478.2 512.8 266.7 272.7 261.7 23
Foreign banking offices in the U.S. including IBFs; federal funds and security repurchase agreements; asset FL752050005 379.0 323.7 327.2 302.2 336.1 323.7 307.7 276.2 299.1 24
Foreign banking offices in the U.S., including IBFs; federal funds; asset (2) FL752052005 0.3 0.3 0.6 1.1 1.3 0.3 1.0 0.1 0.3 25
Foreign banking offices in the U.S., including IBFs; security repurchase agreements; asset FL752051005 378.7 323.3 326.6 301.1 334.9 323.3 306.7 276.1 298.8 26
Credit unions; federal funds and security repurchase agreements held by Corporate Credit Unions (net of liabilities before 2002:Q4); asset FL472050053 0.8 0.5 0.8 0.8 0.8 0.5 0.5 0.3 0.2 27
Credit unions; federal funds held by Corporate Credit Unions; asset FL472052053 0.3 0.1 0.3 0.1 0.2 0.1 0.1 0.1 0.1 28
Credit unions; security repurchase agreements held by Corporate Credit Unions; asset FL472051053 0.6 0.4 0.5 0.6 0.6 0.4 0.4 0.1 0.1 29
Property-casualty insurance companies; security repurchase agreements, including those held by U.S. residual market reinsurers; asset FL512051005 2.0 2.2 2.3 3.0 3.1 2.2 2.3 2.5 2.2 30
Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset FL542051075 6.3 8.2 9.6 8.5 10.6 8.2 7.0 7.1 7.8 31
Private pension funds; security repurchase agreements; asset FL572051005 15.8 21.1 16.7 18.1 19.5 21.1 21.9 23.4 24.7 32
State and local government employee defined benefit retirement funds; security repurchase agreements; asset FL222051043 7.0 8.1 6.5 4.0 2.6 8.1 18.2 27.3 26.7 33
Money market funds; security repurchase agreements; asset FL632051000 1175.1 1006.3 1468.4 906.1 997.2 1006.3 1055.8 1585.6 2056.2 34
Mutual funds; security repurchase agreements; asset FL652051003 102.8 108.2 107.3 104.1 96.7 108.2 114.6 118.7 127.7 35
Government-sponsored enterprises; federal funds and security repurchase agreements; asset FL402050005 195.2 212.5 153.9 225.0 206.9 212.5 146.8 256.8 215.2 36
Government-sponsored enterprises; federal funds held by FHLB; asset (3) FL402052033 51.4 31.5 74.4 53.7 44.5 31.5 54.3 47.9 51.9 37
Security brokers and dealers; security repurchase agreements; asset FL662051003 1400.1 1322.1 1483.0 1282.2 1279.0 1322.1 1238.0 1133.4 1211.2 38
Holding companies; security repurchase agreements; asset FL732051003 2.0 41.4 2.0 21.8 36.5 41.4 29.4 15.8 30.1 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 1064.8 1075.2 1186.5 1067.6 1045.3 1075.2 1153.5 1271.6 1357.9 41
Instrument discrepancies; federal funds and security repurchase agreements FL902050005 -715.5 -656.6 -758.5 -673.2 -641.1 -656.6 -547.5 -405.6 -334.9 42
Interest rates and price indexes; effective Federal funds rate (percent) (4) FL072052006 1.55 0.09 0.65 0.08 0.09 0.09 0.07 0.08 0.08 43
Monetary authority; security repurchase agreements, reverse repurchase agreement operations; liability (5) FL712151103 64.1 9.7 284.9 0.9 0.8 9.7 134.3 991.9 1604.9 44
Money market funds; security repurchase agreements (Federal Reserve reverse repurchase agreement operations); asset (6) FL632051103 46.9 9.7 284.9 0.9 0.8 9.7 125.3 855.1 1438.9 45
Domestic financial sectors, excluding money market funds; security repurchase agreements (Federal Reserve Reverse Repurchase Agreement Operational Exercise); asset (7) FL792051115 17.2 0.0 0.0 0.0 0.0 0.0 9.0 136.8 165.9 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: December 9, 2021