Board of Governors of the Federal Reserve System

Financial Accounts of the United States - Z.1

L.207 Federal Funds and Security Repurchase Agreements (1)

2016:Q4 Release Date: March 9, 2017

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


Description		 Series code 2014
2015
2016
2015
Q3		 2015
Q4		 2016
Q1		 2016
Q2		 2016
Q3		 2016
Q4
Line
All sectors; federal funds and security repurchase agreements; liability FL892150005 3661.7 3711.5 3780.5 3819.6 3711.5 3612.6 3766.8 3883.7 3780.5 1
Monetary authority; security repurchase agreements; liability FL712151003 509.8 712.4 725.2 641.1 712.4 550.5 543.9 665.0 725.2 2
U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; liability FL762150005 236.2 196.8 162.6 205.9 196.8 193.7 184.1 180.1 162.6 3
U.S.-chartered depository institutions, including IBFs; federal funds; liability(2) FL762152005 38.7 39.4 33.0 29.8 39.4 39.7 28.4 32.5 33.0 4
U.S.-chartered depository institutions, including IBFs; security repurchase agreements; liability FL762151005 197.5 157.4 129.6 176.1 157.4 154.0 155.7 147.6 129.6 5
Foreign banking offices in the U.S., including IBFs; federal funds and security repurchase agreements; liability FL752150005 371.3 406.6 476.2 375.4 406.6 407.9 429.1 440.8 476.2 6
Foreign banking offices in the U.S., including IBFs; federal funds; liability(2) FL752152005 27.2 26.9 36.7 26.9 26.9 34.5 34.8 39.0 36.7 7
Foreign banking offices in the U.S., including IBFs; security repurchase agreements; liability FL752151005 344.1 379.7 439.6 348.5 379.7 373.4 394.3 401.7 439.6 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 1.0 1.3 1.4 0.5 0.5 0.6 1.0 10
Life insurance companies, general accounts; security repurchase agreements; liability FL542151073 21.9 22.8 22.4 22.4 22.8 22.9 22.6 22.7 22.4 11
Government-sponsored enterprises; federal funds and security repurchase agreements; liability FL402150005 0.1 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 12
Mortgage real estate investment trusts; security repurchase agreements; liability FL642151073 265.5 220.0 208.4 229.1 220.0 219.8 216.7 209.4 208.4 13
Security brokers and dealers; security repurchase agreements; liability FL662151003 1547.7 1368.3 1313.1 1493.7 1368.3 1366.1 1423.0 1436.1 1313.1 14
Holding companies; security repurchase agreements; liability FL732151003 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 15
Rest of the world; security repurchase agreements; liability FL262151003 708.2 783.0 871.5 850.6 783.0 851.1 946.9 928.9 871.5 16
All sectors; federal funds and security repurchase agreements; asset FL892050005 3445.6 3375.6 3511.7 3513.9 3375.6 3256.6 3434.3 3685.4 3511.7 17
Nonfinancial corporate business; security repurchase agreements; asset FL102051003 21.7 27.7 25.9 27.0 27.7 24.5 23.3 23.4 25.9 18
State and local governments, excluding employee retirement funds; security repurchase agreements; asset FL212051003 131.8 142.0 146.7 138.9 142.0 142.8 143.6 145.8 146.7 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 185.0 209.8 218.5 212.3 209.8 205.6 215.6 234.4 218.5 21
U.S.-chartered depository institutions, including IBFs; federal funds; asset(2) FL762052005 30.6 19.4 21.3 19.3 19.4 21.9 18.5 20.1 21.3 22
U.S.-chartered depository institutions, including IBFs; security repurchase agreements; asset FL762051005 154.4 190.4 197.3 193.0 190.4 183.8 197.1 214.3 197.3 23
Foreign banking offices in the U.S. including IBFs; federal funds and security repurchase agreements; asset FL752050005 218.1 218.5 193.1 198.5 218.5 205.8 203.4 204.8 193.1 24
Foreign banking offices in the U.S., including IBFs; federal funds; asset(2) FL752052005 1.3 0.9 0.6 0.7 0.9 0.8 0.8 1.0 0.6 25
Foreign banking offices in the U.S., including IBFs; security repurchase agreements; asset FL752051005 216.9 217.6 192.4 197.8 217.6 205.0 202.6 203.8 192.4 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 2.2 1.8 1.8 1.3 1.3 1.9 2.2 30
Life insurance companies, general accounts; security repurchase agreements; asset FL542051073 3.1 2.7 2.9 3.1 2.7 2.8 2.8 2.8 2.9 31
Private pension funds; security repurchase agreements; asset FL572051005 3.0 2.8 2.8 2.8 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 3.7 3.6 3.6 3.4 3.6 3.7 3.7 33
Money market mutual funds; security repurchase agreements; asset FL632051000 654.5 699.3 800.2 696.5 699.3 597.1 641.5 855.6 800.2 34
Mutual funds; security repurchase agreements; asset FL652051003 94.1 81.7 80.6 82.9 81.7 86.8 84.3 84.5 80.6 35
Government-sponsored enterprises; federal funds and security repurchase agreements; asset FL402050005 162.6 182.9 185.7 149.0 182.9 159.9 164.8 172.2 185.7 36
Government-sponsored enterprises; federal funds held by FHLB; asset(3) FL402052033 52.8 42.4 60.9 31.0 42.4 49.4 45.7 58.2 60.9 37
Security brokers and dealers; security repurchase agreements; asset FL662051003 1152.7 1133.3 1112.7 1243.6 1133.3 1115.3 1197.4 1204.3 1112.7 38
Holding companies; security repurchase agreements; asset FL732051003 2.5 2.1 2.1 4.0 2.1 3.0 3.2 2.3 2.1 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 811.0 667.6 734.6 749.8 667.6 705.5 746.6 746.7 734.6 41
Instrument discrepancies; federal funds and security repurchase agreements FL902050005 216.1 335.8 268.8 305.8 335.8 356.0 332.5 198.3 268.8 42
Interest rates and price indexes; effective Federal funds rate (percent)(4) FL072052006 0.12 0.24 0.54 0.14 0.24 0.36 0.38 0.40 0.54 43
Monetary authority; security repurchase agreements, reverse repurchase agreement operations; liability(6) FL712151103 396.7 474.6 468.4 449.6 474.6 303.8 278.8 412.5 468.4 44
Money market mutual funds; security repurchase agreements (Federal Reserve reverse repurchase agreement operations); asset(7) FL632051103 371.2 424.0 403.4 414.4 424.0 267.7 242.8 384.3 403.4 45
Domestic financial sectors, excluding money market mutual funds; security repurchase agreements (Federal Reserve Reverse Repurchase Agreement Operational Exercise); asset(8) FL792051115 25.5 50.6 64.9 35.2 50.6 36.2 36.0 28.2 64.9 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: March 9, 2017