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 | 2020 | 2021 | 2022 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; federal funds and security repurchase agreements; liability | FL892150005 | 4228.6 | 5855.2 | 6527.1 | 5525.1 | 5855.2 | 5715.6 | 6156.8 | 6333.3 | 6527.1 | 1 |
| Monetary authority; security repurchase agreements; liability | FL712151003 | 216.1 | 2183.0 | 2889.6 | 1905.2 | 2183.0 | 2121.0 | 2601.2 | 2720.4 | 2889.6 | 2 |
| U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; liability | FL762150005 | 170.9 | 161.0 | 185.4 | 150.7 | 161.0 | 156.1 | 168.6 | 177.0 | 185.4 | 3 |
| U.S.-chartered depository institutions, including IBFs; federal funds; liability (2) | FL762152005 | 21.5 | 14.8 | 39.1 | 17.5 | 14.8 | 17.3 | 26.3 | 37.7 | 39.1 | 4 |
| U.S.-chartered depository institutions, including IBFs; security repurchase agreements; liability | FL762151005 | 149.4 | 146.3 | 146.3 | 133.3 | 146.3 | 138.7 | 142.3 | 139.4 | 146.3 | 5 |
| Foreign banking offices in the U.S., including IBFs; federal funds and security repurchase agreements; liability | FL752150005 | 545.0 | 527.5 | 464.2 | 568.4 | 527.5 | 544.5 | 492.6 | 475.8 | 464.2 | 6 |
| Foreign banking offices in the U.S., including IBFs; federal funds; liability (2) | FL752152005 | 12.3 | 11.5 | 11.7 | 26.4 | 11.5 | 26.3 | 21.5 | 23.8 | 11.7 | 7 |
| Foreign banking offices in the U.S., including IBFs; security repurchase agreements; liability | FL752151005 | 532.6 | 515.9 | 452.4 | 542.0 | 515.9 | 518.2 | 471.0 | 452.0 | 452.4 | 8 |
| Credit unions; federal funds and security repurchase agreements held by Corporate Credit Unions; liability | FL472150053 | 0.0 | 0.0 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 9 |
| Property-casualty insurance companies; security repurchase agreements; liability | FL512151003 | 0.2 | 0.1 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 10 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FL542151073 | 18.6 | 20.1 | 19.1 | 19.8 | 20.1 | 18.5 | 16.1 | 18.5 | 19.1 | 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 | 0.0 | 0.0 | 12 |
| Mortgage real estate investment trusts; security repurchase agreements; liability | FL642151073 | 224.4 | 220.1 | 196.3 | 208.4 | 220.1 | 210.1 | 204.3 | 207.2 | 196.3 | 13 |
| Security brokers and dealers; security repurchase agreements; liability | FL662151003 | 1774.2 | 1570.4 | 1626.1 | 1554.7 | 1570.4 | 1523.6 | 1533.6 | 1613.4 | 1626.1 | 14 |
| Holding companies; security repurchase agreements; liability | FL732151003 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 15 |
| Rest of the world; security repurchase agreements; liability | FL262151003 | 1279.2 | 1173.0 | 1146.2 | 1117.6 | 1173.0 | 1141.7 | 1140.1 | 1120.7 | 1146.2 | 16 |
| All sectors; federal funds and security repurchase agreements; asset | FL892050005 | 4839.0 | 6233.0 | 7100.5 | 5918.6 | 6233.0 | 6124.4 | 6463.6 | 6727.5 | 7100.5 | 17 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 37.0 | 25.1 | 13.8 | 27.0 | 25.1 | 27.8 | 22.8 | 20.5 | 13.8 | 18 |
| State and local governments; security repurchase agreements; asset | FL212051003 | 179.2 | 189.2 | 199.2 | 186.7 | 189.2 | 191.7 | 194.2 | 196.8 | 199.2 | 19 |
| Monetary authority; security repurchase agreements; asset | FL712051000 | 0.0 | 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 | 538.3 | 317.4 | 330.8 | 287.5 | 317.4 | 298.5 | 280.9 | 307.9 | 330.8 | 21 |
| U.S.-chartered depository institutions, including IBFs; federal funds; asset (2) | FL762052005 | 25.4 | 25.6 | 26.2 | 25.7 | 25.6 | 22.5 | 17.8 | 19.8 | 26.2 | 22 |
| U.S.-chartered depository institutions, including IBFs; security repurchase agreements; asset | FL762051005 | 512.8 | 291.8 | 304.6 | 261.7 | 291.8 | 275.9 | 263.1 | 288.2 | 304.6 | 23 |
| Foreign banking offices in the U.S. including IBFs; federal funds and security repurchase agreements; asset | FL752050005 | 323.7 | 259.5 | 265.3 | 299.4 | 259.5 | 265.1 | 275.1 | 286.7 | 265.3 | 24 |
| Foreign banking offices in the U.S., including IBFs; federal funds; asset (2) | FL752052005 | 0.3 | 0.2 | 0.3 | 0.3 | 0.2 | 0.5 | 0.3 | 0.3 | 0.3 | 25 |
| Foreign banking offices in the U.S., including IBFs; security repurchase agreements; asset | FL752051005 | 323.3 | 259.3 | 265.0 | 299.1 | 259.3 | 264.6 | 274.8 | 286.5 | 265.0 | 26 |
| Credit unions; federal funds and security repurchase agreements held by Corporate Credit Unions (net of liabilities before 2002:Q4); asset | FL472050053 | 0.5 | 0.2 | 0.1 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 27 |
| Credit unions; federal funds held by Corporate Credit Unions; asset | FL472052053 | 0.1 | 0.1 | 0.0 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 28 |
| Credit unions; security repurchase agreements held by Corporate Credit Unions; asset | FL472051053 | 0.4 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 29 |
| Property-casualty insurance companies; security repurchase agreements, including those held by U.S. residual market reinsurers; asset | FL512051005 | 2.2 | 2.2 | 2.6 | 2.3 | 2.2 | 1.4 | 1.7 | 1.9 | 2.6 | 30 |
| Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset | FL542051075 | 8.2 | 9.8 | 9.2 | 9.4 | 9.8 | 9.0 | 7.8 | 9.0 | 9.2 | 31 |
| Private pension funds; security repurchase agreements; asset | FL572051005 | 18.4 | 25.9 | 33.7 | 23.9 | 25.9 | 27.6 | 29.2 | 31.3 | 33.7 | 32 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FL222051043 | 7.8 | 28.1 | 23.8 | 15.3 | 28.1 | 20.0 | 19.6 | 33.0 | 23.8 | 33 |
| Money market funds; security repurchase agreements; asset | FL632051000 | 1068.7 | 2495.7 | 2976.6 | 2263.5 | 2495.7 | 2376.9 | 2595.9 | 2743.7 | 2976.6 | 34 |
| Mutual funds; security repurchase agreements (net); asset | FL652051003 | -10.4 | 19.6 | 28.2 | 16.5 | 19.6 | 16.3 | 25.2 | 27.0 | 28.2 | 35 |
| Government-sponsored enterprises; federal funds and security repurchase agreements; asset | FL402050005 | 212.5 | 209.7 | 292.9 | 215.2 | 209.7 | 218.2 | 277.3 | 304.5 | 292.9 | 36 |
| Government-sponsored enterprises; federal funds held by FHLB; asset (3) | FL402052033 | 31.5 | 47.4 | 110.4 | 51.9 | 47.4 | 57.3 | 71.7 | 90.2 | 110.4 | 37 |
| Security brokers and dealers; security repurchase agreements; asset | FL662051003 | 1322.1 | 1255.4 | 1461.5 | 1211.2 | 1255.4 | 1324.4 | 1345.5 | 1330.5 | 1461.5 | 38 |
| Holding companies; security repurchase agreements; asset | FL732051003 | 41.4 | 26.1 | 36.9 | 30.1 | 26.1 | 17.8 | 23.8 | 29.2 | 36.9 | 39 |
| Other financial business; security repurchase agreements; asset | FL502051005 | 5.4 | 3.6 | 3.6 | 3.9 | 3.6 | 3.9 | 4.6 | 4.4 | 3.6 | 40 |
| Rest of the world; security repurchase agreements; asset | FL262051005 | 1084.0 | 1365.4 | 1422.1 | 1326.4 | 1365.4 | 1325.7 | 1359.7 | 1401.1 | 1422.1 | 41 |
| Instrument discrepancies; federal funds and security repurchase agreements | FL902050005 | -610.4 | -377.7 | -573.3 | -393.5 | -377.7 | -408.8 | -306.8 | -394.2 | -573.3 | 42 |
| Interest rates and price indexes; effective Federal funds rate (percent) (4) | FL072052006 | 0.09 | 0.08 | 4.10 | 0.08 | 0.08 | 0.20 | 1.21 | 2.56 | 4.10 | 43 |
| Monetary authority; security repurchase agreements, reverse repurchase agreement operations; liability (5) | FL712151103 | 9.7 | 1904.6 | 2553.7 | 1604.9 | 1904.6 | 1872.0 | 2329.7 | 2425.9 | 2553.7 | 44 |
| Money market funds; security repurchase agreements (Federal Reserve reverse repurchase agreement operations); asset (6) | FL632051103 | 9.7 | 1739.7 | 2339.6 | 1438.9 | 1739.7 | 1658.1 | 2062.9 | 2220.6 | 2339.6 | 45 |
| Domestic financial sectors, excluding money market funds; security repurchase agreements (Federal Reserve Reverse Repurchase Agreement Operational Exercise); asset (7) | FL792051115 | 0.0 | 164.9 | 214.1 | 165.9 | 164.9 | 213.9 | 266.9 | 205.3 | 214.1 | 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 9, 2023