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 | 2021 | 2022 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; federal funds and security repurchase agreements; liability | FL892150005 | 5855.9 | 6563.9 | 6184.8 | 7091.1 | 6920 | 6481.1 | 6184.8 | 5940.2 | 6210.4 | 1 |
| Monetary authority; security repurchase agreements; liability | FL712151003 | 2183 | 2889.6 | 1390.7 | 2742.7 | 2368.9 | 1863.4 | 1390.7 | 976.8 | 1053.1 | 2 |
| U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; liability | FL762150005 | 161 | 185.3 | 244.2 | 289.1 | 263.5 | 253.1 | 244.2 | 245.5 | 284.2 | 3 |
| U.S.-chartered depository institutions, including IBFs; federal funds; liability (2) | FL762152005 | 14.8 | 39 | 22.9 | 32.8 | 32 | 31.4 | 22.9 | 20.2 | 17.9 | 4 |
| U.S.-chartered depository institutions, including IBFs; security repurchase agreements; liability | FL762151005 | 146.3 | 146.3 | 221.4 | 256.4 | 231.6 | 221.7 | 221.4 | 225.4 | 266.3 | 5 |
| Foreign banking offices in the U.S., including IBFs; federal funds and security repurchase agreements; liability | FL752150005 | 527.5 | 464.2 | 551.5 | 510.1 | 558.9 | 553.2 | 551.5 | 573.2 | 586.4 | 6 |
| Foreign banking offices in the U.S., including IBFs; federal funds; liability (2) | FL752152005 | 11.5 | 11.7 | 14.6 | 15.5 | 30.4 | 25.7 | 14.6 | 24.6 | 24.6 | 7 |
| Foreign banking offices in the U.S., including IBFs; security repurchase agreements; liability | FL752151005 | 515.9 | 452.4 | 536.9 | 494.6 | 528.4 | 527.5 | 536.9 | 548.6 | 561.8 | 8 |
| Credit unions; federal funds and security repurchase agreements held by Corporate Credit Unions; liability | FL472150053 | 0 | 0.2 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 9 |
| Property-casualty insurance companies; security repurchase agreements; liability | FL512151003 | 0.1 | 0.2 | 2.5 | 0.7 | 1.1 | 2.1 | 2.5 | 2.2 | 3.5 | 10 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FL542151073 | 20.6 | 36.4 | 36.1 | 35.9 | 38.1 | 38.1 | 36.1 | 36.6 | 37.5 | 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 | 220.1 | 201.3 | 219.7 | 222.1 | 214.6 | 229.7 | 219.7 | 218.1 | 222.7 | 13 |
| Security brokers and dealers; security repurchase agreements; liability | FL662151003 | 1570.4 | 1626.1 | 2110 | 2018.5 | 2054.4 | 2067.3 | 2110 | 2280.7 | 2379.5 | 14 |
| Holding companies; security repurchase agreements; liability | FL732151003 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | 15 |
| Rest of the world; security repurchase agreements; liability | FL262151003 | 1173.2 | 1160.8 | 1630 | 1271.9 | 1420.4 | 1474.1 | 1630 | 1607 | 1643.5 | 16 |
| All sectors; federal funds and security repurchase agreements; asset | FL892050005 | 5998.8 | 6727.2 | 6885.6 | 7512 | 7347.8 | 7109 | 6885.6 | 6709.7 | 6982.2 | 17 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 26.7 | 30.1 | 28.6 | 32.3 | 32 | 31.6 | 28.6 | 35.9 | 28.9 | 18 |
| State and local governments; security repurchase agreements; asset | FL212051003 | 199.7 | 204.2 | 220.2 | 213.6 | 215.1 | 210.6 | 220.2 | 222.4 | 226 | 19 |
| Monetary authority; security repurchase agreements; asset | FL712051000 | 0 | 0 | 0 | 45 | 1 | 0 | 0 | 0 | 0 | 20 |
| U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; asset | FL762050005 | 317.4 | 330.8 | 321.6 | 324.6 | 275.5 | 271.7 | 321.6 | 269.6 | 288.2 | 21 |
| U.S.-chartered depository institutions, including IBFs; federal funds; asset (2) | FL762052005 | 25.6 | 26.2 | 13.6 | 22.6 | 15.2 | 20.8 | 13.6 | 16.3 | 13.9 | 22 |
| U.S.-chartered depository institutions, including IBFs; security repurchase agreements; asset | FL762051005 | 291.8 | 304.6 | 307.9 | 302 | 260.3 | 250.9 | 307.9 | 253.3 | 274.4 | 23 |
| Foreign banking offices in the U.S. including IBFs; federal funds and security repurchase agreements; asset | FL752050005 | 275.9 | 265.3 | 335.2 | 336.6 | 349.7 | 333.8 | 335.2 | 365.5 | 364.3 | 24 |
| Foreign banking offices in the U.S., including IBFs; federal funds; asset (2) | FL752052005 | 0.2 | 0.3 | 0.1 | 0.3 | 0.3 | 0.3 | 0.1 | 0.1 | 0.1 | 25 |
| Foreign banking offices in the U.S., including IBFs; security repurchase agreements; asset | FL752051005 | 275.7 | 265 | 335.1 | 336.3 | 349.4 | 333.5 | 335.1 | 365.4 | 364.2 | 26 |
| Credit unions; federal funds and security repurchase agreements held by Corporate Credit Unions (net of liabilities before 2002:Q4); asset | FL472050053 | 0.2 | 0.1 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28 |
| Credit unions; security repurchase agreements held by Corporate Credit Unions; asset | FL472051055 | 0.1 | 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 | 2.3 | 0.4 | 1.9 | 1.4 | 1.1 | 0.4 | 0.5 | 0.7 | 30 |
| Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset | FL542051075 | 10 | 4.7 | 5.6 | 4.8 | 5.4 | 5.6 | 5.6 | 5.7 | 5.9 | 31 |
| Private pension funds; security repurchase agreements; asset | FL572051005 | 18.7 | 14.4 | 13.3 | 14.1 | 13.8 | 13.6 | 13.3 | 13 | 12.7 | 32 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FL222051043 | 27.7 | 47.9 | 58.7 | 53.3 | 17.5 | 53.3 | 58.7 | 62.8 | 65 | 33 |
| Money market funds; security repurchase agreements; asset | FL632051000 | 2495.7 | 2976.6 | 2665.9 | 3235.2 | 3233.1 | 2948.8 | 2665.9 | 2381.6 | 2613.8 | 34 |
| Mutual funds; security repurchase agreements (net); asset | FL652051003 | 19.7 | 25.7 | 21.5 | 34.9 | 41.6 | 26.2 | 21.5 | 18.4 | 18.5 | 35 |
| Government-sponsored enterprises; federal funds and security repurchase agreements; asset | FL402050005 | 209.7 | 252.2 | 272.2 | 363.1 | 376.6 | 304.1 | 272.2 | 327.5 | 269.8 | 36 |
| Government-sponsored enterprises; federal funds held by FHLB; asset (3) | FL402052033 | 47.4 | 65.9 | 57.9 | 86.9 | 99.3 | 87.1 | 57.9 | 63.5 | 66.4 | 37 |
| Security brokers and dealers; security repurchase agreements; asset | FL662051003 | 1255.4 | 1461.5 | 1625.8 | 1660.6 | 1637.9 | 1604.2 | 1625.8 | 1660.4 | 1708.8 | 38 |
| Holding companies; security repurchase agreements; asset | FL732051003 | 26.1 | 6.1 | 6 | 5.5 | 5.4 | 4.8 | 6 | 3.6 | 2 | 39 |
| Other financial business; security repurchase agreements; asset | FL502051005 | 3.6 | 3.9 | 5.4 | 5 | 4.3 | 5.1 | 5.4 | 5.1 | 4.7 | 40 |
| Rest of the world; security repurchase agreements; asset | FL262051005 | 1110 | 1101.4 | 1305.4 | 1181.6 | 1137.4 | 1294.4 | 1305.4 | 1337.7 | 1372.7 | 41 |
| Instrument discrepancies; federal funds and security repurchase agreements | FL902050005 | -142.9 | -163.3 | -700.9 | -421 | -427.8 | -627.9 | -700.9 | -769.5 | -771.9 | 42 |
| Interest rates and price indexes; effective Federal funds rate (percent) (4) | FL072052006 | 0.08 | 4.1 | 5.33 | 4.65 | 5.08 | 5.33 | 5.33 | 5.33 | 5.33 | 43 |
| Monetary authority; security repurchase agreements, reverse repurchase agreement operations; liability (5) | FL712151103 | 1904.6 | 2553.7 | 1018.5 | 2375.2 | 2034.3 | 1557.6 | 1018.5 | 594.4 | 664.6 | 44 |
| Money market funds; security repurchase agreements (Federal Reserve reverse repurchase agreement operations); asset (6) | FL632051103 | 1739.7 | 2339.6 | 968.7 | 2230.8 | 1906 | 1484 | 968.7 | 537.8 | 618.3 | 45 |
| Domestic financial sectors, excluding money market funds; security repurchase agreements (Federal Reserve Reverse Repurchase Agreement Operational Exercise); asset (7) | FL792051115 | 164.9 | 214.1 | 49.8 | 144.3 | 128.3 | 73.6 | 49.8 | 56.7 | 46.3 | 46 |
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.
- 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: September 12, 2024