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 2023 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 Line
All sectors; federal funds and security repurchase agreements; liability FL892150005 4229.1 5855.9 6564.4 6173.9 7091.2 6917.6 6482.3 6173.9 5957.5 1
Monetary authority; security repurchase agreements; liability FL712151003 216.1 2183 2889.6 1390.7 2742.7 2368.9 1863.4 1390.7 976.8 2
U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; liability FL762150005 170.9 161 185.3 244.2 289.1 263.7 253.5 244.2 245.5 3
U.S.-chartered depository institutions, including IBFs; federal funds; liability (2) FL762152005 21.5 14.8 39 22.9 32.8 32.1 31.8 22.9 20.1 4
U.S.-chartered depository institutions, including IBFs; security repurchase agreements; liability FL762151005 149.4 146.3 146.3 221.4 256.4 231.6 221.7 221.4 225.4 5
Foreign banking offices in the U.S., including IBFs; federal funds and security repurchase agreements; liability FL752150005 545 527.5 464.2 551.5 510.1 558.9 553.2 551.5 575.3 6
Foreign banking offices in the U.S., including IBFs; federal funds; liability (2) FL752152005 12.3 11.5 11.7 14.6 15.5 30.4 25.7 14.6 26.7 7
Foreign banking offices in the U.S., including IBFs; security repurchase agreements; liability FL752151005 532.6 515.9 452.4 536.9 494.6 528.4 527.5 536.9 548.6 8
Credit unions; federal funds and security repurchase agreements held by Corporate Credit Unions; liability FL472150053 0 0 0.2 0 0.1 0 0 0 0 9
Property-casualty insurance companies; security repurchase agreements; liability FL512151003 0.2 0.1 0.2 2.5 0.7 1.1 2.1 2.5 2.2 10
Life insurance companies, general accounts; security repurchase agreements; liability FL542151073 19.1 20.6 36.4 36.1 35.9 38.1 38.1 36.1 36.6 11
Government-sponsored enterprises; federal funds and security repurchase agreements; liability FL402150005 0 0 0 0 0 0 0 0 0 12
Mortgage real estate investment trusts; security repurchase agreements; liability FL642151073 224.4 220.1 201.3 219.7 222.1 214.6 229.7 219.7 218.1 13
Security brokers and dealers; security repurchase agreements; liability FL662151003 1774.2 1570.4 1626.1 2110 2018.5 2054.4 2067.3 2110 2280.7 14
Holding companies; security repurchase agreements; liability FL732151003 0 0 0 0 0 0 0.1 0 0 15
Rest of the world; security repurchase agreements; liability FL262151003 1279.2 1173.1 1161.2 1619.2 1272 1417.9 1474.8 1619.2 1622.3 16
All sectors; federal funds and security repurchase agreements; asset FL892050005 4655 5988.4 6728.4 6874.5 7509.1 7343.8 7118.2 6874.5 6709.4 17
Nonfinancial corporate business; security repurchase agreements; asset FL102051003 37 26.7 30.1 29.1 32.6 32.4 32.1 29.1 28.7 18
State and local governments; security repurchase agreements; asset FL212051003 179.2 189.2 199.3 209.3 201.8 204.3 206.8 209.3 211.8 19
Monetary authority; security repurchase agreements; asset FL712051000 1 0 0 0 45 1 0 0 0 20
U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; asset FL762050005 538.3 317.4 330.8 321.6 324.6 275.5 271.7 321.6 269.6 21
U.S.-chartered depository institutions, including IBFs; federal funds; asset (2) FL762052005 25.4 25.6 26.2 13.6 22.6 15.2 20.8 13.6 16.3 22
U.S.-chartered depository institutions, including IBFs; security repurchase agreements; asset FL762051005 512.8 291.8 304.6 307.9 302 260.3 250.9 307.9 253.3 23
Foreign banking offices in the U.S. including IBFs; federal funds and security repurchase agreements; asset FL752050005 323.7 275.9 265.3 335.2 336.6 349.7 333.8 335.2 365.5 24
Foreign banking offices in the U.S., including IBFs; federal funds; asset (2) FL752052005 0.3 0.2 0.3 0.1 0.3 0.3 0.3 0.1 0.1 25
Foreign banking offices in the U.S., including IBFs; security repurchase agreements; asset FL752051005 323.3 275.7 265 335.1 336.3 349.4 333.5 335.1 365.4 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 0.1 0.1 0.1 0.1 0.1 0.1 27
Credit unions; federal funds held by Corporate Credit Unions; asset FL472052053 0.1 0.1 0 0 0 0 0 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 2.3 0.4 1.9 1.4 1.1 0.4 0.5 30
Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset FL542051075 8.4 10 4.7 5.6 4.8 5.4 5.6 5.6 5.7 31
Private pension funds; security repurchase agreements; asset FL572051005 18.4 18.7 19.6 20.6 19.9 20.2 20.4 20.6 20.9 32
State and local government employee defined benefit retirement funds; security repurchase agreements; asset FL222051043 8 27.7 48.8 60.7 54.7 18 55.1 60.7 63.6 33
Money market funds; security repurchase agreements; asset FL632051000 1068.7 2495.7 2976.6 2665.9 3235.2 3233.1 2948.8 2665.9 2381.6 34
Mutual funds; security repurchase agreements (net); asset FL652051003 -10.4 19.7 25.8 21.4 34.7 41.4 26 21.4 22.8 35
Government-sponsored enterprises; federal funds and security repurchase agreements; asset FL402050005 212.5 209.7 252.2 272.2 363.1 376.6 304.1 272.2 327.5 36
Government-sponsored enterprises; federal funds held by FHLB; asset (3) FL402052033 31.5 47.4 65.9 57.9 86.9 99.3 87.1 57.9 63.5 37
Security brokers and dealers; security repurchase agreements; asset FL662051003 1322.1 1255.4 1461.5 1625.8 1660.6 1637.9 1604.2 1625.8 1660.4 38
Holding companies; security repurchase agreements; asset FL732051003 41.4 26.1 6.1 6 5.5 5.4 4.8 6 3.6 39
Other financial business; security repurchase agreements; asset FL502051005 5.4 3.6 3.9 5.4 5 4.3 5.1 5.4 5.1 40
Rest of the world; security repurchase agreements; asset FL262051005 898.6 1110 1101.5 1295.4 1183.2 1137.1 1298.5 1295.4 1342 41
Instrument discrepancies; federal funds and security repurchase agreements FL902050005 -425.9 -132.5 -164 -700.6 -417.9 -426.2 -635.9 -700.6 -751.8 42
Interest rates and price indexes; effective Federal funds rate (percent) (4) FL072052006 0.09 0.08 4.1 5.33 4.65 5.08 5.33 5.33 5.33 43
Monetary authority; security repurchase agreements, reverse repurchase agreement operations; liability (5) FL712151103 9.7 1904.6 2553.7 1018.5 2375.2 2034.3 1557.6 1018.5 594.4 44
Money market funds; security repurchase agreements (Federal Reserve reverse repurchase agreement operations); asset (6) FL632051103 9.7 1739.7 2339.6 968.7 2230.8 1906 1484 968.7 537.8 45
Domestic financial sectors, excluding money market funds; security repurchase agreements (Federal Reserve Reverse Repurchase Agreement Operational Exercise); asset (7) FL792051115 0 164.9 214.1 49.8 144.3 128.3 73.6 49.8 56.7 46

NOTES

  1. 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.
  2. Excludes term federal funds.
  3. Includes term federal funds.
  4. The effective federal funds rate is a weighted average of rates on brokered trades. Annualized using a 360-day year.
  5. Included in line 2.
  6. Included in line 34.
  7. Includes banks (consolidated), government-sponsored enterprises, and primary dealers.
Last Update: June 7, 2024