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
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| Description | Series code | 2020 | 2021 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; federal funds and security repurchase agreements; liability | FA892150005 | -195.9 | 1626.3 | -609.2 | 3096.0 | 2761.0 | 1257.5 | -480.3 | 1728.6 | 638.0 | 1 |
| Monetary authority; security repurchase agreements; liability | FA712151003 | -120.6 | 1967.0 | 544.5 | 3635.0 | 2577.0 | 1111.5 | -248.2 | 1921.0 | 476.8 | 2 |
| U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; liability | FA762150005 | 3.9 | -9.9 | 66.3 | -177.4 | 30.4 | 41.2 | -19.8 | 50.1 | 33.7 | 3 |
| U.S.-chartered depository institutions, including IBFs; federal funds; liability (2) | FA762152005 | -17.1 | -6.8 | -6.6 | 0.2 | -9.8 | -10.8 | 10.3 | 35.9 | 45.5 | 4 |
| U.S.-chartered depository institutions, including IBFs; security repurchase agreements; liability | FA762151005 | 21.0 | -3.1 | 72.9 | -177.5 | 40.2 | 52.0 | -30.1 | 14.2 | -11.7 | 5 |
| Foreign banking offices in the U.S., including IBFs; federal funds and security repurchase agreements; liability | FA752150005 | -5.1 | -17.5 | 120.6 | -72.0 | 106.8 | -225.5 | 146.3 | -220.3 | -64.7 | 6 |
| Foreign banking offices in the U.S., including IBFs; federal funds; liability (2) | FA752152005 | -6.9 | -0.8 | 48.1 | 23.5 | -15.4 | -59.5 | 59.0 | -18.9 | 9.0 | 7 |
| Foreign banking offices in the U.S., including IBFs; security repurchase agreements; liability | FA752151005 | 1.8 | -16.7 | 72.5 | -95.5 | 122.2 | -166.0 | 87.4 | -201.4 | -73.7 | 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 | 0.1 | -0.1 | -0.1 | -0.0 | -0.2 | -0.1 | 0.0 | 0.1 | 0.1 | 10 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FA542151073 | 1.1 | 1.5 | -7.0 | 3.7 | 8.3 | 1.0 | -6.5 | -9.3 | 9.5 | 11 |
| Government-sponsored enterprises; federal funds and security repurchase agreements; liability | FA402150005 | 0.0 | 0.0 | 0.4 | -0.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 12 |
| Mortgage real estate investment trusts; security repurchase agreements; liability | FA642151073 | -154.9 | -4.6 | -13.3 | -30.4 | -20.1 | 45.4 | -39.7 | -37.9 | -1.8 | 13 |
| Security brokers and dealers; security repurchase agreements; liability | FA662151003 | 24.2 | -203.9 | -802.4 | -92.4 | 16.7 | 62.6 | -187.2 | 40.3 | 319.2 | 14 |
| Holding companies; security repurchase agreements; liability | FA732151003 | -0.0 | 0.0 | 0.4 | -0.2 | 0.1 | -0.3 | 0.2 | -0.2 | 0.0 | 15 |
| Rest of the world; security repurchase agreements; liability | FA262151003 | 55.5 | -106.2 | -518.6 | -170.0 | 42.0 | 221.7 | -125.3 | -15.3 | -134.8 | 16 |
| All sectors; federal funds and security repurchase agreements; asset | FA892050005 | -235.0 | 1396.2 | -481.5 | 2086.3 | 2710.0 | 1270.1 | -122.8 | 937.3 | 994.9 | 17 |
| Nonfinancial corporate business; security repurchase agreements; asset | FA102051003 | 23.6 | -11.9 | -58.8 | 55.7 | -36.7 | -7.6 | 10.6 | -19.9 | -9.3 | 18 |
| State and local governments; security repurchase agreements; asset | FA212051003 | 15.7 | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | 19 |
| Monetary authority; security repurchase agreements; asset | FA712051000 | -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 | FA762050005 | 179.8 | -220.8 | -975.7 | 23.1 | -50.5 | 119.9 | -75.6 | -70.1 | 107.9 | 21 |
| U.S.-chartered depository institutions, including IBFs; federal funds; asset (2) | FA762052005 | 1.2 | 0.2 | 8.6 | -0.9 | -6.5 | -0.4 | -12.1 | -18.8 | 7.7 | 22 |
| U.S.-chartered depository institutions, including IBFs; security repurchase agreements; asset | FA762051005 | 178.5 | -221.0 | -984.4 | 24.1 | -44.1 | 120.3 | -63.5 | -51.3 | 100.2 | 23 |
| Foreign banking offices in the U.S. including IBFs; federal funds and security repurchase agreements; asset | FA752050005 | -55.4 | -64.2 | -63.8 | -126.2 | 92.9 | -159.7 | 22.3 | 40.2 | 46.5 | 24 |
| Foreign banking offices in the U.S., including IBFs; federal funds; asset (2) | FA752052005 | 0.0 | -0.1 | 2.6 | -3.6 | 0.6 | -0.3 | 1.1 | -0.5 | -0.3 | 25 |
| Foreign banking offices in the U.S., including IBFs; security repurchase agreements; asset | FA752051005 | -55.4 | -64.0 | -66.4 | -122.6 | 92.2 | -159.4 | 21.2 | 40.7 | 46.9 | 26 |
| Credit unions; federal funds and security repurchase agreements held by Corporate Credit Unions (net of liabilities before 2002:Q4); asset | FA472050053 | -0.3 | -0.3 | -0.2 | -0.9 | 0.2 | -0.2 | -0.1 | -0.0 | -0.3 | 27 |
| Credit unions; federal funds held by Corporate Credit Unions; asset | FA472052053 | -0.1 | 0.0 | -0.0 | 0.0 | 0.2 | -0.2 | -0.0 | -0.0 | -0.1 | 28 |
| Credit unions; security repurchase agreements held by Corporate Credit Unions; asset | FA472051053 | -0.1 | -0.3 | -0.2 | -0.9 | -0.0 | 0.0 | -0.1 | 0.0 | -0.2 | 29 |
| Property-casualty insurance companies; security repurchase agreements, including those held by U.S. residual market reinsurers; asset | FA512051005 | 0.2 | -0.0 | 0.4 | 1.0 | -1.1 | -0.4 | -3.0 | 1.1 | 0.8 | 30 |
| Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset | FA542051075 | 1.9 | 1.6 | -2.2 | 2.5 | 4.7 | 1.3 | -3.2 | -4.5 | 4.6 | 31 |
| Private pension funds; security repurchase agreements; asset | FA572051005 | 2.6 | 7.4 | 6.0 | 7.7 | 7.5 | 8.4 | 6.6 | 6.2 | 8.4 | 32 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | 1.1 | 22.6 | 42.2 | 23.1 | -33.7 | 58.9 | -41.2 | 7.9 | -2.0 | 33 |
| Money market funds; security repurchase agreements; asset | FA632051000 | -173.9 | 1427.0 | 828.4 | 1689.6 | 2256.4 | 933.5 | -154.9 | 450.8 | 664.0 | 34 |
| Mutual funds; security repurchase agreements (net); asset | FA652051003 | 26.4 | 30.0 | 76.3 | 60.9 | -30.0 | 12.5 | -13.1 | 40.0 | -6.8 | 35 |
| Government-sponsored enterprises; federal funds and security repurchase agreements; asset | FA402050005 | 17.3 | -2.8 | -262.8 | 439.9 | -166.4 | -22.0 | 34.0 | 236.4 | 108.8 | 36 |
| Government-sponsored enterprises; federal funds held by FHLB; asset (3) | FA402052033 | -19.8 | 15.8 | 91.0 | -25.5 | 16.0 | -18.1 | 39.7 | 57.5 | 74.2 | 37 |
| Security brokers and dealers; security repurchase agreements; asset | FA662051003 | -78.0 | -66.7 | -336.3 | -418.4 | 311.3 | 176.6 | 276.1 | 84.3 | -60.0 | 38 |
| Holding companies; security repurchase agreements; asset | FA732051003 | 39.4 | -15.3 | -47.7 | -54.4 | 57.2 | -16.1 | -33.3 | 23.9 | 21.7 | 39 |
| Other financial business; security repurchase agreements; asset | FA502051005 | 2.2 | -1.8 | -8.9 | 3.4 | -0.5 | -1.2 | 0.9 | 2.9 | -0.9 | 40 |
| Rest of the world; security repurchase agreements; asset | FA262051005 | 18.0 | 281.4 | 311.6 | 369.1 | 288.9 | 156.2 | -158.9 | 128.0 | 101.3 | 41 |
| Instrument discrepancies; federal funds and security repurchase agreements | FA902050005 | 39.1 | 230.1 | -127.7 | 1009.7 | 51.0 | -12.6 | -357.5 | 791.3 | -356.9 | 42 |
| Monetary authority; security repurchase agreements, reverse repurchase agreement operations; liability (4) | FA712151103 | -54.4 | 1894.9 | 498.6 | 3430.5 | 2451.8 | 1198.8 | -130.4 | 1831.1 | 384.7 | 43 |
| Money market funds; security repurchase agreements (Federal Reserve reverse repurchase agreement operations); asset (5) | FA632051103 | -37.2 | 1730.0 | 462.6 | 2919.1 | 2335.4 | 1202.9 | -326.4 | 1619.3 | 630.8 | 44 |
| Domestic financial sectors, excluding money market funds; security repurchase agreements (Federal Reserve Reverse Repurchase Agreement Operational Exercise); asset (6) | FA792051115 | -17.2 | 164.9 | 36.0 | 511.4 | 116.4 | -4.1 | 195.9 | 211.8 | -246.1 | 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, 2022