Financial Accounts of the United States - Z.1
F.207 Federal Funds and Security Repurchase Agreements (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2022 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; federal funds and security repurchase agreements; liability | FA892150005 | 708 | -379.2 | 2194.8 | -700 | -1752.1 | -1259.4 | -884.7 | 1074.9 | -161.6 | 1 |
| Monetary authority; security repurchase agreements; liability | FA712151003 | 706.5 | -1498.9 | -587.6 | -1495 | -2021.9 | -1891 | -1655.6 | 305.2 | -612.1 | 2 |
| U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; liability | FA762150005 | 24.2 | 59 | 415.5 | -102.3 | -41.7 | -35.6 | 5.1 | 154.8 | -0.2 | 3 |
| U.S.-chartered depository institutions, including IBFs; federal funds; liability (2) | FA762152005 | 24.2 | -16.1 | -24.8 | -3.2 | -2.1 | -34.3 | -10.8 | -8.9 | -2 | 4 |
| U.S.-chartered depository institutions, including IBFs; security repurchase agreements; liability | FA762151005 | 0 | 75.1 | 440.3 | -99.1 | -39.6 | -1.3 | 15.9 | 163.7 | 1.8 | 5 |
| Foreign banking offices in the U.S., including IBFs; federal funds and security repurchase agreements; liability | FA752150005 | -63.3 | 87.3 | 269.8 | 179.8 | -19.1 | -81.1 | 180.7 | 33.6 | -512.4 | 6 |
| Foreign banking offices in the U.S., including IBFs; federal funds; liability (2) | FA752152005 | 0.2 | 2.8 | 15.1 | 59.7 | -19.1 | -44.3 | 39.9 | -0.9 | 25.8 | 7 |
| Foreign banking offices in the U.S., including IBFs; security repurchase agreements; liability | FA752151005 | -63.5 | 84.5 | 254.7 | 120.1 | -0 | -36.8 | 140.7 | 34.5 | -538.2 | 8 |
| Credit unions; federal funds and security repurchase agreements held by Corporate Credit Unions; liability | FA472150053 | 0.2 | -0.2 | -0.3 | -0.1 | 0 | -0.2 | 0 | 0 | 0 | 9 |
| Property-casualty insurance companies; security repurchase agreements; liability | FA512151003 | 0.1 | 2.3 | 1.7 | 1.8 | 3.8 | 1.7 | -1.2 | 5.1 | 3.4 | 10 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FA542151073 | 15.8 | -0.3 | -2.1 | 8.8 | -0.1 | -8 | 2.2 | 3.7 | 14.2 | 11 |
| Government-sponsored enterprises; federal funds and security repurchase agreements; liability | FA402150005 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 |
| Mortgage real estate investment trusts; security repurchase agreements; liability | FA642151073 | -18.8 | 18.5 | 83.4 | -30.2 | 60.7 | -40 | -6.5 | 18.1 | 74.2 | 13 |
| Security brokers and dealers; security repurchase agreements; liability | FA662151003 | 55.7 | 483.9 | 1569.8 | 143.5 | 51.4 | 170.9 | 682.9 | 394.9 | 514.9 | 14 |
| Holding companies; security repurchase agreements; liability | FA732151003 | -0 | -0 | 0.1 | -0.2 | -0 | 0 | 0 | 0 | 4.8 | 15 |
| Rest of the world; security repurchase agreements, including other claims in official reserves; liability | FA262151005 | -12.4 | 469.3 | 444.5 | 593.9 | 214.9 | 623.8 | -92.3 | 159.4 | 351.7 | 16 |
| All sectors; federal funds and security repurchase agreements; asset | FA892050005 | 752 | 159.3 | 3452.6 | -1113.1 | -864.2 | -838.1 | -375.2 | 669.5 | 1659.7 | 17 |
| Nonfinancial corporate business; security repurchase agreements; asset | FA102051003 | 3.4 | -2.7 | 8.7 | -1.1 | -9.4 | -9.2 | 29.3 | -25.2 | 70 | 18 |
| Federal government; other U.S. reserves, other claims (repurchase agreements); asset | FA313011545 | 0 | -0 | 0 | 0 | 0 | -0 | 0 | 0.1 | 0 | 19 |
| State and local governments; security repurchase agreements; asset | FA212051003 | 4.9 | 22.7 | 38.9 | 15 | -9.5 | 46.5 | 17.4 | 24.4 | 53.5 | 20 |
| Monetary authority; security repurchase agreements, including other claims in official reserves; asset | FA712051005 | 0 | -0 | 180 | -176 | -4 | -0 | 0 | 0.1 | 10.4 | 21 |
| U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; asset | FA762050005 | 13.4 | -9.2 | -24.8 | -196.5 | -14.9 | 199.4 | -207.9 | 74.6 | 299.9 | 22 |
| U.S.-chartered depository institutions, including IBFs; federal funds; asset (2) | FA762052005 | 0.6 | -12.6 | -14.5 | -29.5 | 22.5 | -28.7 | 10.7 | -9.7 | 1.2 | 23 |
| U.S.-chartered depository institutions, including IBFs; security repurchase agreements; asset | FA762051005 | 12.8 | 3.3 | -10.3 | -167.1 | -37.4 | 228.1 | -218.6 | 84.3 | 298.8 | 24 |
| Foreign banking offices in the U.S. including IBFs; federal funds and security repurchase agreements; asset | FA752050005 | -10.6 | 69.9 | 285.3 | 52.5 | -63.8 | 5.6 | 121.3 | -4.9 | 6 | 25 |
| Foreign banking offices in the U.S., including IBFs; federal funds; asset (2) | FA752052005 | 0.1 | -0.2 | -0.1 | 0.2 | -0.1 | -0.8 | -0.1 | -0 | 0.6 | 26 |
| Foreign banking offices in the U.S., including IBFs; security repurchase agreements; asset | FA752051005 | -10.7 | 70.1 | 285.4 | 52.3 | -63.7 | 6.5 | 121.4 | -4.9 | 5.4 | 27 |
| Credit unions; federal funds and security repurchase agreements held by Corporate Credit Unions (net of liabilities before 2002:Q4); asset | FA472050053 | -0.2 | -0 | -0.1 | 0 | -0 | -0 | -0 | 0 | -0 | 28 |
| Credit unions; federal funds held by Corporate Credit Unions; asset | FA472052053 | -0.1 | -0 | -0.1 | 0 | -0 | -0 | -0 | 0 | -0 | 29 |
| Credit unions; security repurchase agreements held by Corporate Credit Unions; asset | FA472051055 | -0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30 |
| Property-casualty insurance companies; security repurchase agreements, including those held by U.S. residual market reinsurers; asset | FA512051005 | 0.1 | -1.9 | -1.6 | -2 | -1.1 | -3 | 0.4 | 1.1 | 0.7 | 31 |
| Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset | FA542051075 | -5.4 | 1 | 0.6 | 2.2 | 1.1 | 0 | 0.3 | 0.6 | 2.2 | 32 |
| Private pension funds; security repurchase agreements; asset | FA572051005 | -4.3 | -1.9 | -1.9 | -1.9 | -2 | -1.9 | -1.4 | -1.5 | -3.2 | 33 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | 20.2 | 9.4 | 21.5 | -143.6 | 142.9 | 16.6 | 27.1 | 49 | 59 | 34 |
| Money market funds; security repurchase agreements; asset | FA632051000 | 480.9 | -310.8 | 1347.8 | -464.8 | -1045.6 | -1080.5 | -827.9 | 442.4 | 401.1 | 35 |
| Mutual funds; security repurchase agreements (net); asset | FA652051003 | 6.2 | -4.5 | 35.5 | 27.1 | -61.4 | -19.3 | -12.5 | -6.9 | 3.3 | 36 |
| Government-sponsored enterprises; federal funds and security repurchase agreements; asset | FA402050005 | 42.5 | 19.9 | 443.4 | 54.1 | -290 | -127.8 | 221.4 | -230.8 | -19.1 | 37 |
| Government-sponsored enterprises; federal funds held by FHLB; asset (3) | FA402052033 | 18.6 | -8.1 | 83.7 | 49.9 | -49.1 | -116.8 | 22.4 | 11.9 | 32.6 | 38 |
| Security brokers and dealers; security repurchase agreements; asset | FA662051003 | 206.1 | 164.2 | 796.4 | -91 | -134.9 | 86.4 | 138.4 | 193.9 | 493.7 | 39 |
| Holding companies; security repurchase agreements; asset | FA732051003 | 3 | -2.2 | -2.4 | -7.5 | -2.9 | 4.1 | -9.2 | 1.6 | -0.4 | 40 |
| Other financial business; security repurchase agreements; asset | FA502051005 | 0.3 | 1.5 | 4.3 | -2.7 | 3.1 | 1.2 | -1.1 | -1.7 | -0.4 | 41 |
| Rest of the world; security repurchase agreements; asset | FA262051005 | -8.7 | 204 | 320.9 | -176.8 | 628.2 | 43.8 | 129.1 | 152.8 | 282.8 | 42 |
| Instrument discrepancies; federal funds and security repurchase agreements | FA902050005 | -44.1 | -538.5 | -1257.7 | 413.1 | -887.9 | -421.4 | -509.5 | 405.4 | -1821.2 | 43 |
| Monetary authority; security repurchase agreements, reverse repurchase agreement operations; liability (4) | FA712151103 | 649.1 | -1535.2 | -714.2 | -1363.4 | -1907 | -2156.3 | -1696.2 | 280.6 | -795.7 | 44 |
| Money market funds; security repurchase agreements (Federal Reserve reverse repurchase agreement operations); asset (5) | FA632051103 | 600 | -1370.9 | -435.1 | -1299.4 | -1688.2 | -2061.1 | -1723.6 | 321.9 | -753.9 | 45 |
| Domestic financial sectors, excluding money market funds; security repurchase agreements (Federal Reserve Reverse Repurchase Agreement Operational Exercise); asset (6) | FA792051115 | 49.2 | -164.3 | -279.1 | -64 | -218.8 | -95.3 | 27.4 | -41.4 | -41.8 | 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.
- Included in line 2.
- Included in line 35.
- Includes banks (consolidated), government-sponsored enterprises, and primary dealers.
Last Update: December 12, 2024