The Fed - Financial Accounts of the United States - Z.1

Preliminary Release Highlights Second Quarter 2025

Topic	Description
U.S.-chartered depository institutions depository loans n.e.c. to state and local governments	*Preliminary – subject to change* A new series is available for U.S.-chartered depository institutions’ (tables F.111 and L.111) depository loans n.e.c. to the state and local governments sector (tables F.107 and L.107). Previously, these loans were classified as municipal securities holdings of the U.S.-chartered depository institutions sector. Data begin 1984:Q1 and are estimated from the quarterly FR Y-14Q Capital Assessments and Stress Testing Information collection and FFIEC 031/041/051 Consolidated Reports of Condition and Income. This series has also been added as a new liability instrument on the state and local government sector tables.
Funding agreement-backed repurchase agreement liabilities	*Preliminary – subject to change* New detail is available on funding agreement-backed repurchase agreement (FABR) liabilities of the issuers of asset-backed securities (ABS) sector (tables F.127 and L.127). Previously, FABR were classified as corporate bond liabilities of the ABS sector. Data begin 2020:Q3.

Topic

Description

U.S.-chartered depository institutions depository loans n.e.c. to state and local governments

***Preliminary – subject to change*** A new series is available for U.S.-chartered depository institutions’ (tables F.111 and L.111) depository loans n.e.c. to the state and local governments sector (tables F.107 and L.107). Previously, these loans were classified as municipal securities holdings of the U.S.-chartered depository institutions sector. Data begin 1984:Q1 and are estimated from the quarterly FR Y-14Q Capital Assessments and Stress Testing Information collection and FFIEC 031/041/051 Consolidated Reports of Condition and Income. This series has also been added as a new liability instrument on the state and local government sector tables.

Funding agreement-backed repurchase agreement liabilities

***Preliminary – subject to change*** New detail is available on funding agreement-backed repurchase agreement (FABR) liabilities of the issuers of asset-backed securities (ABS) sector (tables F.127 and L.127). Previously, FABR were classified as corporate bond liabilities of the ABS sector. Data begin 2020:Q3.

Financial Accounts of the United States - Z.1

Preliminary Release Highlights Second Quarter 2025

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