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 | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; federal funds and security repurchase agreements; liability | FA892150005 | 1626.7 | 708.4 | -462.8 | 1761.5 | 733.4 | 801.5 | 2188 | -702.4 | -1325.8 | 1 |
| Monetary authority; security repurchase agreements; liability | FA712151003 | 1967 | 706.5 | -248.2 | 1921 | 476.8 | 676.5 | -587.6 | -1495 | -2021.9 | 2 |
| U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; liability | FA762150005 | -9.9 | 24.2 | -19.8 | 50.1 | 32.8 | 33.8 | 417.1 | -101.3 | -40.6 | 3 |
| U.S.-chartered depository institutions, including IBFs; federal funds; liability (2) | FA762152005 | -6.8 | 24.2 | 10.3 | 35.9 | 44.5 | 6.2 | -23.2 | -2.1 | -1.1 | 4 |
| U.S.-chartered depository institutions, including IBFs; security repurchase agreements; liability | FA762151005 | -3.1 | 0 | -30.1 | 14.2 | -11.7 | 27.6 | 440.3 | -99.1 | -39.6 | 5 |
| Foreign banking offices in the U.S., including IBFs; federal funds and security repurchase agreements; liability | FA752150005 | -17.5 | -63.3 | 146.3 | -225.8 | -59.2 | -114.5 | 269.8 | 179.8 | -19.1 | 6 |
| Foreign banking offices in the U.S., including IBFs; federal funds; liability (2) | FA752152005 | -0.8 | 0.2 | 59 | -24.5 | 14.5 | -48.1 | 15.1 | 59.7 | -19.1 | 7 |
| Foreign banking offices in the U.S., including IBFs; security repurchase agreements; liability | FA752151005 | -16.7 | -63.5 | 87.4 | -201.4 | -73.7 | -66.5 | 254.7 | 120.1 | -0 | 8 |
| Credit unions; federal funds and security repurchase agreements held by Corporate Credit Unions; liability | FA472150053 | -0 | 0.2 | 0 | 0 | 0 | 0.6 | -0.3 | -0.1 | 0 | 9 |
| Property-casualty insurance companies; security repurchase agreements; liability | FA512151003 | -0.1 | 0.1 | -0.1 | 0.1 | 0.1 | 0.3 | 0.5 | 0 | 0.5 | 10 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FA542151073 | 1.5 | 15.4 | 11.3 | 5.8 | 30.1 | 14.5 | -6.9 | 17.3 | 10.4 | 11 |
| Government-sponsored enterprises; federal funds and security repurchase agreements; liability | FA402150005 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 |
| Mortgage real estate investment trusts; security repurchase agreements; liability | FA642151073 | -4.3 | -18.6 | -39.9 | -23.4 | 10.9 | -21.9 | 82.4 | -30.2 | 60.7 | 13 |
| Security brokers and dealers; security repurchase agreements; liability | FA662151003 | -203.9 | 55.7 | -187.2 | 40.3 | 319.2 | 50.7 | 1569.8 | 143.5 | 51.4 | 14 |
| Holding companies; security repurchase agreements; liability | FA732151003 | 0 | -0 | 0.2 | -0.2 | 0 | -0.1 | 0.1 | -0.1 | 0.3 | 15 |
| Rest of the world; security repurchase agreements; liability | FA262151003 | -106.1 | -11.9 | -125.3 | -6.5 | -77.4 | 161.7 | 443.1 | 583.6 | 632.5 | 16 |
| All sectors; federal funds and security repurchase agreements; asset | FA892050005 | 1405.2 | 826.1 | -135.1 | 928.8 | 1127.6 | 1383.2 | 3590.5 | -1259.2 | -796.1 | 17 |
| Nonfinancial corporate business; security repurchase agreements; asset | FA102051003 | -10.3 | 1.7 | 12.9 | -21.5 | 0.3 | 15.3 | 8.9 | -2.5 | -1.4 | 18 |
| State and local governments; security repurchase agreements; asset | FA212051003 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 19 |
| Monetary authority; security repurchase agreements; asset | FA712051000 | -1 | 0 | 0 | 0 | 0 | 0 | 180 | -176 | -4 | 20 |
| U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; asset | FA762050005 | -220.8 | 13.4 | -76 | -70 | 108 | 91.4 | -24.7 | -196.4 | -15.1 | 21 |
| U.S.-chartered depository institutions, including IBFs; federal funds; asset (2) | FA762052005 | 0.2 | 0.6 | -12.5 | -18.8 | 7.8 | 25.7 | -14.5 | -29.3 | 22.3 | 22 |
| U.S.-chartered depository institutions, including IBFs; security repurchase agreements; asset | FA762051005 | -221 | 12.8 | -63.5 | -51.3 | 100.2 | 65.7 | -10.3 | -167.1 | -37.4 | 23 |
| Foreign banking offices in the U.S. including IBFs; federal funds and security repurchase agreements; asset | FA752050005 | -47.8 | -10.6 | 25.1 | 29.1 | 49.8 | -146.4 | 285.3 | 52.5 | -63.8 | 24 |
| Foreign banking offices in the U.S., including IBFs; federal funds; asset (2) | FA752052005 | -0.1 | 0.1 | 1.1 | -0.5 | -0.3 | 0.2 | -0.1 | 0.2 | -0.1 | 25 |
| Foreign banking offices in the U.S., including IBFs; security repurchase agreements; asset | FA752051005 | -47.6 | -10.7 | 24.1 | 29.6 | 50.1 | -146.6 | 285.4 | 52.3 | -63.7 | 26 |
| Credit unions; federal funds and security repurchase agreements held by Corporate Credit Unions (net of liabilities before 2002:Q4); asset | FA472050053 | -0.3 | -0.2 | -0.1 | -0 | -0.3 | -0.3 | -0.1 | 0 | -0 | 27 |
| Credit unions; federal funds held by Corporate Credit Unions; asset | FA472052053 | 0 | -0.1 | -0 | -0 | -0.1 | -0.3 | -0.1 | 0 | -0 | 28 |
| Credit unions; security repurchase agreements held by Corporate Credit Unions; asset | FA472051053 | -0.3 | -0.1 | -0.1 | 0 | -0.2 | 0 | 0 | 0 | 0 | 29 |
| Property-casualty insurance companies; security repurchase agreements, including those held by U.S. residual market reinsurers; asset | FA512051005 | -0 | 0.1 | -3 | 0.9 | 0.5 | 2.1 | 0.6 | 0.3 | 3.4 | 30 |
| Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset | FA542051075 | 1.6 | -5.2 | -7.5 | -7.3 | -1.4 | -4.8 | 5.1 | 3 | 1.8 | 31 |
| Private pension funds; security repurchase agreements; asset | FA572051005 | 0.3 | 0.8 | 0.7 | 1 | 0.7 | 0.7 | 1.3 | 1.3 | 0.8 | 32 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | 19.6 | 20.7 | -30.2 | -0.5 | 50.9 | 62.6 | 44.8 | -152.7 | -30.6 | 33 |
| Money market funds; security repurchase agreements; asset | FA632051000 | 1427 | 480.9 | -154.9 | 450.8 | 667.2 | 960.7 | 1347.8 | -464.8 | -1045.6 | 34 |
| Mutual funds; security repurchase agreements (net); asset | FA652051003 | 30.1 | 6.2 | -31.1 | 52.7 | 6.7 | -3.5 | 36.3 | 21.9 | -6.4 | 35 |
| Government-sponsored enterprises; federal funds and security repurchase agreements; asset | FA402050005 | -2.8 | 42.5 | 34 | 236.4 | 108.8 | -209 | 443.4 | 54.1 | -290 | 36 |
| Government-sponsored enterprises; federal funds held by FHLB; asset (3) | FA402052033 | 15.9 | 18.6 | 39.7 | 57.5 | 74.2 | -97.1 | 83.7 | 49.9 | -49.1 | 37 |
| Security brokers and dealers; security repurchase agreements; asset | FA662051003 | -66.7 | 206.1 | 276.1 | 84.3 | -59.9 | 524 | 796.4 | -91 | -134.9 | 38 |
| Holding companies; security repurchase agreements; asset | FA732051003 | -15.3 | 10.5 | -33.3 | 23.9 | 21.7 | 29.5 | -2.3 | -0.3 | -2.6 | 39 |
| Other financial business; security repurchase agreements; asset | FA502051005 | -1.8 | 0.3 | 0.9 | 2.9 | -0.9 | -1.9 | 4.3 | -2.7 | 3.1 | 40 |
| Rest of the world; security repurchase agreements; asset | FA262051005 | 283.4 | 48.8 | -158.9 | 136 | 165.6 | 52.7 | 453.5 | -316.1 | 779.2 | 41 |
| Instrument discrepancies; federal funds and security repurchase agreements | FA902050005 | 221.5 | -117.7 | -327.6 | 832.7 | -394.2 | -581.7 | -1402.5 | 556.8 | -529.7 | 42 |
| Monetary authority; security repurchase agreements, reverse repurchase agreement operations; liability (4) | FA712151103 | 1894.9 | 649.1 | -130.4 | 1831.1 | 384.7 | 511.2 | -714.2 | -1363.4 | -1907 | 43 |
| Money market funds; security repurchase agreements (Federal Reserve reverse repurchase agreement operations); asset (5) | FA632051103 | 1730 | 600 | -326.4 | 1619.3 | 630.8 | 476.1 | -435.1 | -1299.4 | -1688.2 | 44 |
| Domestic financial sectors, excluding money market funds; security repurchase agreements (Federal Reserve Reverse Repurchase Agreement Operational Exercise); asset (6) | FA792051115 | 164.9 | 49.2 | 195.9 | 211.8 | -246.1 | 35.1 | -279.1 | -64 | -218.8 | 45 |
NOTES
- Detailed data on federal funds and security repurchase agreements are available beginning 2012:Q1 for U.S.-chartered depository 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 7, 2023