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 | 2020 | 2021 | 2022 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; federal funds and security repurchase agreements; liability | FA892150005 | -195.9 | 1626.8 | 708.5 | -390.5 | 2193.3 | -709.7 | -1737.9 | -1307.6 | -771.7 | 1 |
| Monetary authority; security repurchase agreements; liability | FA712151003 | -120.6 | 1967 | 706.5 | -1498.9 | -587.6 | -1495 | -2021.9 | -1891 | -1655.6 | 2 |
| U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; liability | FA762150005 | 3.9 | -9.9 | 24.2 | 59 | 415.5 | -101.8 | -40.7 | -37.1 | 5.1 | 3 |
| U.S.-chartered depository institutions, including IBFs; federal funds; liability (2) | FA762152005 | -17.1 | -6.8 | 24.2 | -16.1 | -24.8 | -2.7 | -1.1 | -35.8 | -10.8 | 4 |
| U.S.-chartered depository institutions, including IBFs; security repurchase agreements; liability | FA762151005 | 21 | -3.1 | 0 | 75.1 | 440.3 | -99.1 | -39.6 | -1.3 | 16 | 5 |
| Foreign banking offices in the U.S., including IBFs; federal funds and security repurchase agreements; liability | FA752150005 | -5.1 | -17.5 | -63.3 | 87.3 | 269.8 | 179.8 | -19.1 | -81.1 | 189.1 | 6 |
| Foreign banking offices in the U.S., including IBFs; federal funds; liability (2) | FA752152005 | -6.9 | -0.8 | 0.2 | 2.8 | 15.1 | 59.7 | -19.1 | -44.3 | 48.3 | 7 |
| Foreign banking offices in the U.S., including IBFs; security repurchase agreements; liability | FA752151005 | 1.8 | -16.7 | -63.5 | 84.5 | 254.7 | 120.1 | -0 | -36.8 | 140.7 | 8 |
| Credit unions; federal funds and security repurchase agreements held by Corporate Credit Unions; liability | FA472150053 | -0 | -0 | 0.2 | -0.2 | -0.3 | -0.1 | 0 | -0.2 | 0.1 | 9 |
| Property-casualty insurance companies; security repurchase agreements; liability | FA512151003 | 0.1 | -0.1 | 0.1 | 2.3 | 1.7 | 1.8 | 3.8 | 1.7 | -1.2 | 10 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FA542151073 | 1 | 1.5 | 15.8 | -0.3 | -2.1 | 8.8 | -0.1 | -8 | 2.2 | 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 | -154.9 | -4.3 | -18.8 | 18.5 | 83.4 | -30.2 | 60.7 | -40 | -6.5 | 13 |
| Security brokers and dealers; security repurchase agreements; liability | FA662151003 | 24.2 | -203.9 | 55.7 | 483.9 | 1569.8 | 143.5 | 51.4 | 170.9 | 682.9 | 14 |
| Holding companies; security repurchase agreements; liability | FA732151003 | -0 | 0 | -0 | -0 | 0.1 | -0.1 | 0.3 | -0.4 | 0 | 15 |
| Rest of the world; security repurchase agreements; liability | FA262151003 | 55.5 | -106.1 | -11.9 | 458 | 443.1 | 583.6 | 227.7 | 577.5 | 12.2 | 16 |
| All sectors; federal funds and security repurchase agreements; asset | FA892050005 | -167.7 | 1333.4 | 763 | 146.1 | 3436.6 | -1117.9 | -810.6 | -923.6 | -351.7 | 17 |
| Nonfinancial corporate business; security repurchase agreements; asset | FA102051003 | 23.6 | -10.3 | 3.4 | -0.9 | 9.9 | -0.6 | -1.2 | -11.9 | -1.8 | 18 |
| State and local governments; security repurchase agreements; asset | FA212051003 | 15.7 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 19 |
| Monetary authority; security repurchase agreements; asset | FA712051000 | -254.6 | -1 | 0 | 0 | 180 | -176 | -4 | 0 | 0 | 20 |
| U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; asset | FA762050005 | 179.8 | -220.8 | 13.4 | -9.2 | -24.8 | -196.5 | -14.9 | 199.4 | -208 | 21 |
| U.S.-chartered depository institutions, including IBFs; federal funds; asset (2) | FA762052005 | 1.2 | 0.2 | 0.6 | -12.6 | -14.6 | -29.5 | 22.5 | -28.7 | 10.6 | 22 |
| U.S.-chartered depository institutions, including IBFs; security repurchase agreements; asset | FA762051005 | 178.5 | -221 | 12.8 | 3.3 | -10.3 | -167.1 | -37.4 | 228.1 | -218.6 | 23 |
| Foreign banking offices in the U.S. including IBFs; federal funds and security repurchase agreements; asset | FA752050005 | -55.4 | -47.8 | -10.6 | 69.9 | 285.3 | 52.5 | -63.8 | 5.6 | 121.3 | 24 |
| Foreign banking offices in the U.S., including IBFs; federal funds; asset (2) | FA752052005 | 0 | -0.1 | 0.1 | -0.2 | -0.1 | 0.2 | -0.1 | -0.8 | -0.1 | 25 |
| Foreign banking offices in the U.S., including IBFs; security repurchase agreements; asset | FA752051005 | -55.4 | -47.6 | -10.7 | 70.1 | 285.4 | 52.3 | -63.7 | 6.5 | 121.4 | 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 | -0.1 | 0 | -0 | -0 | 0.1 | 27 |
| Credit unions; federal funds held by Corporate Credit Unions; asset | FA472052053 | -0.1 | 0 | -0.1 | -0 | -0.1 | 0 | -0 | -0 | 0.1 | 28 |
| Credit unions; security repurchase agreements held by Corporate Credit Unions; asset | FA472051053 | -0.1 | -0.3 | -0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 29 |
| Property-casualty insurance companies; security repurchase agreements, including those held by U.S. residual market reinsurers; asset | FA512051005 | 0.2 | -0 | 0.1 | -1.9 | -1.6 | -2 | -1.1 | -3 | 0.4 | 30 |
| Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset | FA542051075 | 1.9 | 1.6 | -5.4 | 1 | 0.6 | 2.2 | 1.1 | 0 | 0.3 | 31 |
| Private pension funds; security repurchase agreements; asset | FA572051005 | 2.6 | 0.3 | 0.8 | 1.1 | 1.2 | 1.2 | 0.7 | 1 | 1 | 32 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | 1.2 | 19.7 | 21.1 | 11.9 | 23.6 | -146.5 | 148.4 | 22.1 | 11.9 | 33 |
| Money market funds; security repurchase agreements; asset | FA632051000 | -173.9 | 1427 | 480.9 | -310.8 | 1347.8 | -464.8 | -1045.6 | -1080.5 | -827.9 | 34 |
| Mutual funds; security repurchase agreements (net); asset | FA652051003 | 26.4 | 30.1 | 6.1 | -4.3 | 36 | 26.8 | -61.7 | -18.5 | 5.4 | 35 |
| Government-sponsored enterprises; federal funds and security repurchase agreements; asset | FA402050005 | 17.3 | -2.8 | 42.5 | 19.9 | 443.4 | 54.1 | -290 | -127.8 | 221.4 | 36 |
| Government-sponsored enterprises; federal funds held by FHLB; asset (3) | FA402052033 | -19.8 | 15.9 | 18.6 | -8.1 | 83.7 | 49.9 | -49.1 | -116.8 | 22.4 | 37 |
| Security brokers and dealers; security repurchase agreements; asset | FA662051003 | -78 | -66.7 | 206.1 | 164.2 | 796.4 | -91 | -134.9 | 86.4 | 138.4 | 38 |
| Holding companies; security repurchase agreements; asset | FA732051003 | 39.4 | -15.3 | 3 | -0.1 | -2.4 | -0.3 | -2.5 | 4.7 | -9.7 | 39 |
| Other financial business; security repurchase agreements; asset | FA502051005 | 2.2 | -1.8 | 0.3 | 1.5 | 4.3 | -2.7 | 3.1 | 1.2 | -1.1 | 40 |
| Rest of the world; security repurchase agreements; asset | FA262051005 | 84.1 | 211.4 | -8.6 | 194 | 326.9 | -184.4 | 645.8 | -12.5 | 186.5 | 41 |
| Instrument discrepancies; federal funds and security repurchase agreements | FA902050005 | -28.2 | 293.4 | -54.5 | -536.6 | -1243.2 | 408.3 | -927.3 | -384 | -419.9 | 42 |
| Monetary authority; security repurchase agreements, reverse repurchase agreement operations; liability (4) | FA712151103 | -54.4 | 1894.9 | 649.1 | -1535.2 | -714.2 | -1363.4 | -1907 | -2156.3 | -1696.2 | 43 |
| Money market funds; security repurchase agreements (Federal Reserve reverse repurchase agreement operations); asset (5) | FA632051103 | -37.2 | 1730 | 600 | -1370.9 | -435.1 | -1299.4 | -1688.2 | -2061.1 | -1723.6 | 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 | 49.2 | -164.3 | -279.1 | -64 | -218.8 | -95.3 | 27.4 | 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: June 7, 2024