Board of Governors of the Federal Reserve System

Financial Accounts of the United States - Z.1

L.207 Federal Funds and Security Repurchase Agreements

2016:Q3 Release Date: December 8, 2016

Billions of dollars; amounts outstanding end of period, not seasonally adjusted


Description		 Series code 2014
2015
2015
Q1		 2015
Q2		 2015
Q3		 2015
Q4		 2016
Q1		 2016
Q2		 2016
Q3
Line
All sectors; federal funds and security repurchase agreements; liability FL892150005 3661.7 3711.5 3732.6 3670.0 3819.6 3711.5 3613.0 3767.1 3879.0 1
Monetary authority; security repurchase agreements; liability FL712151003 509.8 712.4 536.9 558.2 641.1 712.4 550.5 543.9 665.0 2
U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; liability FL762150005 236.2 196.8 228.7 226.2 205.9 196.8 193.7 184.1 180.1 3
U.S.-chartered depository institutions, including IBFs; federal funds; liability FL762152005 38.7 39.4 28.7 34.2 29.8 39.4 39.7 28.4 32.5 4
U.S.-chartered depository institutions, including IBFs; security repurchase agreements; liability FL762151005 197.5 157.4 199.9 192.0 176.1 157.4 154.0 155.7 147.6 5
Foreign banking offices in the U.S., including IBFs; federal funds and security repurchase agreements; liability FL752150005 371.3 406.6 369.9 374.8 375.4 406.6 407.9 429.1 440.8 6
Foreign banking offices in the U.S., including IBFs; federal funds; liability FL752152005 27.2 26.9 38.5 22.7 26.9 26.9 34.5 34.8 39.0 7
Foreign banking offices in the U.S., including IBFs; security repurchase agreements; liability FL752151005 344.1 379.7 331.4 352.1 348.5 379.7 373.4 394.3 401.7 8
Credit unions; federal funds and security repurchase agreements held by Corporate Credit Unions; liability FL472150053 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9
Property-casualty insurance companies; security repurchase agreements; liability FL512151003 1.0 1.4 1.1 1.1 1.3 1.4 0.5 0.5 0.6 10
Life insurance companies, general accounts; security repurchase agreements; liability FL542151073 21.9 22.8 22.1 22.4 22.4 22.8 22.9 22.6 22.7 11
Government-sponsored enterprises; federal funds and security repurchase agreements; liability FL402150005 0.1 0.0 0.1 0.0 0.1 0.0 0.0 0.0 0.0 12
Mortgage real estate investment trusts; security repurchase agreements; liability FL642151073 265.5 220.0 262.3 249.0 229.1 220.0 220.2 217.1 210.2 13
Security brokers and dealers; security repurchase agreements; liability FL662151003 1547.7 1368.3 1535.3 1480.3 1493.7 1368.3 1366.1 1423.0 1436.1 14
Holding companies; security repurchase agreements; liability FL732151003 0.0 0.1 0.0 0.1 0.1 0.1 0.1 0.1 0.1 15
Rest of the world; security repurchase agreements; liability FL262151003 708.2 783.0 776.2 757.8 850.6 783.0 851.1 946.9 923.4 16
All sectors; federal funds and security repurchase agreements; asset FL892050005 3445.7 3375.8 3413.9 3373.7 3514.0 3375.8 3256.8 3438.2 3672.0 17
Nonfinancial corporate business; security repurchase agreements; asset FL102051003 21.7 27.7 22.3 23.9 27.0 27.7 24.5 23.3 23.4 18
State and local governments, excluding employee retirement funds; security repurchase agreements; asset FL212051003 131.9 142.1 135.0 136.0 139.1 142.1 142.9 143.8 145.7 19
Monetary authority; security repurchase agreements; asset FL712051000 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20
U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; asset FL762050005 185.0 209.8 215.1 208.9 212.3 209.8 205.6 215.6 234.4 21
U.S.-chartered depository institutions, including IBFs; federal funds; asset FL762052005 30.6 19.4 25.4 22.4 19.3 19.4 21.9 18.5 20.1 22
U.S.-chartered depository institutions, including IBFs; security repurchase agreements; asset FL762051005 154.4 190.4 189.7 186.5 193.0 190.4 183.8 197.1 214.3 23
Foreign banking offices in the U.S. including IBFs; federal funds and security repurchase agreements; asset FL752050005 218.1 218.5 199.8 210.5 198.5 218.5 205.8 203.4 204.8 24
Foreign banking offices in the U.S., including IBFs; federal funds; asset FL752052005 1.3 0.9 1.0 1.2 0.7 0.9 0.8 0.8 1.0 25
Foreign banking offices in the U.S., including IBFs; security repurchase agreements; asset FL752051005 216.9 217.6 198.7 209.3 197.8 217.6 205.0 202.6 203.8 26
Credit unions; federal funds and security repurchase agreements held by Corporate Credit Unions (net of liabilities before 2002:Q4); asset FL472050053 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27
Credit unions; federal funds held by Corporate Credit Unions; asset FL472052053 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28
Credit unions; security repurchase agreements held by Corporate Credit Unions; asset FL472051053 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29
Property-casualty insurance companies; security repurchase agreements; asset FL512051003 1.8 1.8 1.7 1.7 1.8 1.8 1.3 1.3 1.9 30
Life insurance companies, general accounts; security repurchase agreements; asset FL542051073 3.1 2.7 3.0 2.7 3.1 2.7 2.8 2.8 2.8 31
Private pension funds; security repurchase agreements; asset FL572051005 3.0 2.8 2.9 2.9 2.8 2.8 2.8 2.8 2.8 32
State and local government employee defined benefit retirement funds; security repurchase agreements; asset FL222051043 3.6 3.6 3.6 3.7 3.6 3.6 3.4 3.6 3.6 33
Money market mutual funds; security repurchase agreements; asset FL632051000 654.5 699.3 635.0 644.7 696.5 699.3 597.1 641.5 855.6 34
Mutual funds; security repurchase agreements; asset FL652051003 94.1 81.7 92.8 88.6 82.9 81.7 86.8 84.3 83.3 35
Government-sponsored enterprises; federal funds and security repurchase agreements; asset FL402050005 162.6 182.9 158.2 141.0 149.0 182.9 159.9 164.8 172.2 36
Government-sponsored enterprises; federal funds held by FHLB; asset FL402052033 52.8 42.4 42.5 41.6 31.0 42.4 49.4 45.7 58.2 37
Security brokers and dealers; security repurchase agreements; asset FL662051003 1152.7 1133.3 1138.8 1171.2 1243.6 1133.3 1115.3 1197.4 1204.3 38
Holding companies; security repurchase agreements; asset FL732051003 2.5 2.1 5.8 7.6 4.0 2.1 3.0 3.2 2.3 39
Funding corproations; security repurchase agreements; asset FL502051003 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40
Rest of the world; security repurchase agreements; asset FL262051003 811.0 667.6 799.9 730.2 749.8 667.6 705.5 750.4 734.7 41
Instrument discrepancies; federal funds and security repurchase agreements FL902050005 216.0 335.7 318.7 296.4 305.6 335.7 356.2 328.9 207.0 42
Interest rates and price indexes; effective Federal funds rate (percent) FL072052006 0.1 0.2 0.1 0.1 0.1 0.2 0.4 0.4 0.4 43
Monetary authority; security repurchase agreements, reverse repurchase agreement operations; liability FL712151103 396.7 474.6 378.5 392.6 449.6 474.6 303.8 278.8 412.5 44
Money market mutual funds; security repurchase agreements (Federal Reserve reverse repurchase agreement operations); asset FL632051103 371.2 424.0 345.3 372.2 414.4 424.0 267.7 242.8 384.3 45
Domestic financial sectors, excluding money market mutual funds; security repurchase agreements (Federal Reserve Reverse Repurchase Agreement Operational Exercise); asset FL792051115 25.5 50.6 33.2 20.5 35.2 50.6 36.2 36.0 28.2 46

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NOTES

  1. Detailed data on federal funds and security repurchase agreements are only available beginning 2012:Q1 for U.S.-chartered despository institutions, 2003:Q1 for foreign banking offices in U.S., 2010:Q4 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. Reverse repurchase agreements (RRPs) conducted as part of the Federal Reserve's Overnight RRP Operational Exercise (beginning 2013:Q3) and term RRP operations (beginning 2014:Q4).
  6. Included in line 2.
  7. Included in line 34.
  8. Includes banks (consolidated), government-sponsored enterprises, and primary dealers.
Last update: December 8, 2016