Financial Accounts of the United States - Z.1
L.207 Federal Funds and Security Repurchase Agreements (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2021 | 2022 | 2023 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; federal funds and security repurchase agreements; liability | FL892150005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1 |
| Monetary authority; security repurchase agreements; liability | FL712151003 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 2 |
| U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; liability | FL762150005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 3 |
| U.S.-chartered depository institutions, including IBFs; federal funds; liability (2) | FL762152005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 4 |
| U.S.-chartered depository institutions, including IBFs; security repurchase agreements; liability | FL762151005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 5 |
| Foreign banking offices in the U.S., including IBFs; federal funds and security repurchase agreements; liability | FL752150005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 6 |
| Foreign banking offices in the U.S., including IBFs; federal funds; liability (2) | FL752152005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 7 |
| Foreign banking offices in the U.S., including IBFs; security repurchase agreements; liability | FL752151005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 8 |
| Credit unions; federal funds and security repurchase agreements held by Corporate Credit Unions; liability | FL472150053 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 9 |
| Property-casualty insurance companies; security repurchase agreements; liability | FL512151003 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 10 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FL542151073 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 11 |
| Government-sponsored enterprises; federal funds and security repurchase agreements; liability | FL402150005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 12 |
| Mortgage real estate investment trusts; security repurchase agreements; liability | FL642151073 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 13 |
| Security brokers and dealers; security repurchase agreements; liability | FL662151003 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 14 |
| Holding companies; security repurchase agreements; liability | FL732151003 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 15 |
| Rest of the world; security repurchase agreements; liability | FL262151003 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 16 |
| All sectors; federal funds and security repurchase agreements; asset | FL892050005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 17 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 18 |
| State and local governments; security repurchase agreements; asset | FL212051003 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 19 |
| Monetary authority; security repurchase agreements; asset | FL712051000 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 20 |
| U.S.-chartered depository institutions, including IBFs; federal funds and security repurchase agreements; asset | FL762050005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 21 |
| U.S.-chartered depository institutions, including IBFs; federal funds; asset (2) | FL762052005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 22 |
| U.S.-chartered depository institutions, including IBFs; security repurchase agreements; asset | FL762051005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 23 |
| Foreign banking offices in the U.S. including IBFs; federal funds and security repurchase agreements; asset | FL752050005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 24 |
| Foreign banking offices in the U.S., including IBFs; federal funds; asset (2) | FL752052005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 25 |
| Foreign banking offices in the U.S., including IBFs; security repurchase agreements; asset | FL752051005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 26 |
| Credit unions; federal funds and security repurchase agreements held by Corporate Credit Unions (net of liabilities before 2002:Q4); asset | FL472050053 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 27 |
| Credit unions; federal funds held by Corporate Credit Unions; asset | FL472052053 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 28 |
| Credit unions; security repurchase agreements held by Corporate Credit Unions; asset | FL472051053 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 29 |
| Property-casualty insurance companies; security repurchase agreements, including those held by U.S. residual market reinsurers; asset | FL512051005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 30 |
| Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset | FL542051075 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 31 |
| Private pension funds; security repurchase agreements; asset | FL572051005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 32 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FL222051043 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 33 |
| Money market funds; security repurchase agreements; asset | FL632051000 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 34 |
| Mutual funds; security repurchase agreements (net); asset | FL652051003 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 35 |
| Government-sponsored enterprises; federal funds and security repurchase agreements; asset | FL402050005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 36 |
| Government-sponsored enterprises; federal funds held by FHLB; asset (3) | FL402052033 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 37 |
| Security brokers and dealers; security repurchase agreements; asset | FL662051003 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 38 |
| Holding companies; security repurchase agreements; asset | FL732051003 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 39 |
| Other financial business; security repurchase agreements; asset | FL502051005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 40 |
| Rest of the world; security repurchase agreements; asset | FL262051005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 41 |
| Instrument discrepancies; federal funds and security repurchase agreements | FL902050005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 42 |
| Interest rates and price indexes; effective Federal funds rate (percent) (4) | FL072052006 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 43 |
| Monetary authority; security repurchase agreements, reverse repurchase agreement operations; liability (5) | FL712151103 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 44 |
| Money market funds; security repurchase agreements (Federal Reserve reverse repurchase agreement operations); asset (6) | FL632051103 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 45 |
| Domestic financial sectors, excluding money market funds; security repurchase agreements (Federal Reserve Reverse Repurchase Agreement Operational Exercise); asset (7) | FL792051115 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 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.
- The effective federal funds rate is a weighted average of rates on brokered trades. Annualized using a 360-day year.
- Included in line 2.
- Included in line 34.
- Includes banks (consolidated), government-sponsored enterprises, and primary dealers.
Last Update: February 23, 2024