Financial Accounts of the United States - Z.1
F.207 Federal funds and security repurchase agreements1
Billions of dollars; quarterly figures are seasonally adjusted annual rates
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Net change in liabilities | FA892150005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | Monetary authority | FA712151003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | U.S.-chartered depository institutions | FA762150005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Federal funds2 | FA762152005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Security repurchase agreements | FA762151005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Foreign banking offices in U.S. | FA752150005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Federal funds2 | FA752152005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Security repurchase agreements | FA752151005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Credit unions | FA472150053 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Property-casualty insurance companies | FA512151003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Life insurance companies | FA542151073 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 12 | Government-sponsored enterprises | FA402150005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | ABS Issuers | FA672151003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | Mortgage REITs | FA642151073 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 15 | Brokers and dealers | FA662151003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | Holding companies | FA732151003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 17 | Rest of the world | FA262151005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 18 | Net change in assets | FA892050005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 19 | Nonfinancial corporate business | FA102051003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 20 | Federal government | FA313011545 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 21 | State and local governments | FA212051003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 22 | Monetary authority | FA712051005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 23 | U.S.-chartered depository institutions | FA762050005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 24 | Federal funds2 | FA762052005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 25 | Security repurchase agreements | FA762051005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 26 | Foreign banking offices in U.S. | FA752050005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 27 | Federal funds2 | FA752052005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 28 | Security repurchase agreements | FA752051005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 29 | Credit unions | FA472050053 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 30 | Federal funds | FA472052053 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 31 | Security repurchase agreements | FA472051055 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 32 | Property-casualty insurance companies | FA512051005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 33 | Life insurance companies | FA542051075 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 34 | Private pension funds | FA572051005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 35 | State and local govt. pension funds | FA222051043 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 36 | Money market funds | FA632051000 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 37 | Mutual funds (net) | FA652051003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 38 | Government-sponsored enterprises | FA402050005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 39 | Of which: FHLB federal funds3 | FA402052033 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 40 | Brokers and dealers | FA662051003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 41 | Holding companies | FA732051003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 42 | Other financial business | FA502051005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 43 | Rest of the world | FA262051005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 44 | Discrepancy | FA902050005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Memo: Federal Reserve's reverse repurchase agreement operations | |||||||||||
| Line 45 | Monetary authority (liabilities)4 | FA712151103 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 46 | Money market funds (assets)5 | FA632051103 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 47 | Other financial institutions (assets)6 | FA792051115 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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 35.
- Includes banks (consolidated), government-sponsored enterprises, and primary dealers.
Last Update: March 9, 2026