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 | 2019 | 2020 | 2021 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; federal funds and security repurchase agreements; liability | FL892150005 | 4426.5 | 4233.8 | 5832.6 | 4100.6 | 4233.8 | 4058.7 | 4834.5 | 5523.5 | 5832.6 | 1 |
| Monetary authority; security repurchase agreements; liability | FL712151003 | 336.6 | 216.1 | 2183.0 | 205.2 | 216.1 | 352.2 | 1260.9 | 1905.2 | 2183.0 | 2 |
| U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; liability | FL762150005 | 167.0 | 170.9 | 161.0 | 179.0 | 170.9 | 187.5 | 143.1 | 150.7 | 161.0 | 3 |
| U.S.-chartered depository institutions, including IBFs; federal funds; liability (2) | FL762152005 | 38.7 | 21.5 | 14.8 | 20.5 | 21.5 | 19.9 | 19.9 | 17.5 | 14.8 | 4 |
| U.S.-chartered depository institutions, including IBFs; security repurchase agreements; liability | FL762151005 | 128.4 | 149.4 | 146.3 | 158.5 | 149.4 | 167.6 | 123.2 | 133.3 | 146.3 | 5 |
| Foreign banking offices in the U.S., including IBFs; federal funds and security repurchase agreements; liability | FL752150005 | 550.0 | 545.0 | 527.5 | 540.9 | 545.0 | 557.5 | 542.0 | 568.4 | 527.5 | 6 |
| Foreign banking offices in the U.S., including IBFs; federal funds; liability (2) | FL752152005 | 19.2 | 12.3 | 11.5 | 18.1 | 12.3 | 24.4 | 30.2 | 26.4 | 11.5 | 7 |
| Foreign banking offices in the U.S., including IBFs; security repurchase agreements; liability | FL752151005 | 530.8 | 532.6 | 515.9 | 522.8 | 532.6 | 533.1 | 511.7 | 542.0 | 515.9 | 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 | 0.3 | 0.3 | 0.2 | 0.3 | 0.3 | 0.2 | 0.3 | 10 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FL542151073 | 17.5 | 18.6 | 19.0 | 25.5 | 18.6 | 15.2 | 15.4 | 16.9 | 19.0 | 11 |
| Government-sponsored enterprises; federal funds and security repurchase agreements; liability | FL402150005 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 12 |
| Mortgage real estate investment trusts; security repurchase agreements; liability | FL642151073 | 379.3 | 221.7 | 204.8 | 220.3 | 221.7 | 218.3 | 210.8 | 205.3 | 204.8 | 13 |
| Security brokers and dealers; security repurchase agreements; liability | FL662151003 | 1750.0 | 1774.2 | 1564.7 | 1713.2 | 1774.2 | 1573.6 | 1550.5 | 1554.7 | 1564.7 | 14 |
| Holding companies; security repurchase agreements; liability | FL732151003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.0 | 15 |
| Rest of the world; security repurchase agreements; liability | FL262151003 | 1225.7 | 1287.1 | 1172.3 | 1216.1 | 1287.1 | 1153.9 | 1111.4 | 1121.9 | 1172.3 | 16 |
| All sectors; federal funds and security repurchase agreements; asset | FL892050005 | 5072.8 | 4835.9 | 6160.2 | 4652.5 | 4835.9 | 4635.3 | 5249.7 | 5909.5 | 6160.2 | 17 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 13.4 | 39.8 | 35.2 | 30.3 | 39.8 | 27.1 | 36.8 | 30.8 | 35.2 | 18 |
| State and local governments; security repurchase agreements; asset | FL212051003 | 163.6 | 179.2 | 189.2 | 176.7 | 179.2 | 181.7 | 184.2 | 186.7 | 189.2 | 19 |
| Monetary authority; security repurchase agreements; asset | FL712051000 | 255.6 | 0.0 | 0.0 | 0.0 | 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 | 317.5 | 498.1 | 538.3 | 294.3 | 300.1 | 287.4 | 317.5 | 21 |
| U.S.-chartered depository institutions, including IBFs; federal funds; asset (2) | FL762052005 | 24.2 | 25.4 | 25.7 | 19.9 | 25.4 | 27.5 | 27.3 | 25.7 | 25.7 | 22 |
| U.S.-chartered depository institutions, including IBFs; security repurchase agreements; asset | FL762051005 | 334.3 | 512.8 | 291.8 | 478.2 | 512.8 | 266.7 | 272.7 | 261.7 | 291.8 | 23 |
| Foreign banking offices in the U.S. including IBFs; federal funds and security repurchase agreements; asset | FL752050005 | 379.0 | 323.7 | 259.5 | 336.1 | 323.7 | 307.7 | 276.2 | 299.4 | 259.5 | 24 |
| Foreign banking offices in the U.S., including IBFs; federal funds; asset (2) | FL752052005 | 0.3 | 0.3 | 0.2 | 1.3 | 0.3 | 1.0 | 0.1 | 0.3 | 0.2 | 25 |
| Foreign banking offices in the U.S., including IBFs; security repurchase agreements; asset | FL752051005 | 378.7 | 323.3 | 259.3 | 334.9 | 323.3 | 306.7 | 276.1 | 299.1 | 259.3 | 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 | 0.2 | 0.8 | 0.5 | 0.5 | 0.3 | 0.3 | 0.2 | 27 |
| Credit unions; federal funds held by Corporate Credit Unions; asset | FL472052053 | 0.3 | 0.1 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 28 |
| Credit unions; security repurchase agreements held by Corporate Credit Unions; asset | FL472051053 | 0.6 | 0.4 | 0.0 | 0.6 | 0.4 | 0.4 | 0.1 | 0.1 | 0.0 | 29 |
| Property-casualty insurance companies; security repurchase agreements, including those held by U.S. residual market reinsurers; asset | FL512051005 | 2.0 | 2.2 | 2.5 | 3.1 | 2.2 | 2.3 | 2.5 | 2.2 | 2.5 | 30 |
| Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset | FL542051075 | 6.3 | 8.2 | 8.4 | 10.6 | 8.2 | 7.0 | 7.1 | 7.8 | 8.4 | 31 |
| Private pension funds; security repurchase agreements; asset | FL572051005 | 15.8 | 21.1 | 26.0 | 19.5 | 21.1 | 21.9 | 23.4 | 24.7 | 26.0 | 32 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FL222051043 | 6.7 | 7.8 | 19.9 | 2.9 | 7.8 | 18.4 | 24.5 | 16.5 | 19.9 | 33 |
| Money market funds; security repurchase agreements; asset | FL632051000 | 1242.6 | 1068.7 | 2495.7 | 1049.7 | 1068.7 | 1194.8 | 1714.7 | 2263.5 | 2495.7 | 34 |
| Mutual funds; security repurchase agreements (net); asset | FL652051003 | -36.8 | -10.3 | 12.1 | -48.8 | -10.3 | 8.7 | 24.1 | 11.7 | 12.1 | 35 |
| Government-sponsored enterprises; federal funds and security repurchase agreements; asset | FL402050005 | 195.2 | 212.5 | 202.0 | 206.9 | 212.5 | 146.8 | 256.8 | 215.2 | 202.0 | 36 |
| Government-sponsored enterprises; federal funds held by FHLB; asset (3) | FL402052033 | 51.4 | 31.5 | 56.5 | 44.5 | 31.5 | 54.3 | 47.9 | 51.9 | 56.5 | 37 |
| Security brokers and dealers; security repurchase agreements; asset | FL662051003 | 1400.1 | 1322.1 | 1203.2 | 1279.0 | 1322.1 | 1238.0 | 1133.4 | 1211.2 | 1203.2 | 38 |
| Holding companies; security repurchase agreements; asset | FL732051003 | 2.0 | 41.4 | 26.1 | 36.5 | 41.4 | 29.4 | 15.8 | 30.1 | 26.1 | 39 |
| Other financial business; security repurchase agreements; asset | FL502051005 | 3.2 | 5.4 | 3.6 | 5.7 | 5.4 | 3.2 | 4.1 | 3.9 | 3.6 | 40 |
| Rest of the world; security repurchase agreements; asset | FL262051005 | 1064.8 | 1075.2 | 1359.0 | 1045.3 | 1075.2 | 1153.5 | 1245.7 | 1318.0 | 1359.0 | 41 |
| Instrument discrepancies; federal funds and security repurchase agreements | FL902050005 | -646.3 | -602.1 | -327.5 | -551.9 | -602.1 | -576.6 | -415.2 | -385.9 | -327.5 | 42 |
| Interest rates and price indexes; effective Federal funds rate (percent) (4) | FL072052006 | 1.55 | 0.09 | 0.08 | 0.09 | 0.09 | 0.07 | 0.08 | 0.08 | 0.08 | 43 |
| Monetary authority; security repurchase agreements, reverse repurchase agreement operations; liability (5) | FL712151103 | 64.1 | 9.7 | 1904.6 | 0.8 | 9.7 | 134.3 | 991.9 | 1604.9 | 1904.6 | 44 |
| Money market funds; security repurchase agreements (Federal Reserve reverse repurchase agreement operations); asset (6) | FL632051103 | 46.9 | 9.7 | 1739.7 | 0.8 | 9.7 | 125.3 | 855.1 | 1438.9 | 1739.7 | 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 | 164.9 | 0.0 | 0.0 | 9.0 | 136.8 | 165.9 | 164.9 | 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: March 10, 2022