Annual

L.207 Federal Funds and Security Repurchase Agreements

The Financial Accounts (formerly known as the Flow of Funds accounts) are a set of financial accounts used to track the sources and uses of funds by sector. They are a component of a system of macroeconomic accounts including the National Income and Product accounts (NIPA) and balance of payments accounts, all of which serve as a comprehensive set of information on the economy’s performance.(1) Some important inferences that can be drawn from the Financial accounts are the financial strength of a given sector, new economic trends, changes in the composition of wealth, and development of new financial instruments over time.(1)
Sectors are compiled into three categories: households, nonfinancial businesses, and banks. The sources of funds for a sector are its internal funds (savings from income after consumption) and external funds (loans from banks and other financial intermediaries). (1) Funds for a given sector are used for its investments in physical and financial assets. Dividing sources and uses of funds into two categories helps the staff of the Federal Reserve System pay particular attention to external sources of funds and financial uses of funds.(2) One example is whether households are borrowing more from banks—or in other words, whether household debt is rising. Another example might be whether banks are using more of their funds to provide loans to consumers. Transactions within a sector are not shown in the accounts; however, transactions between sectors are.(2) Monitoring the external flows of funds provides insights into a sector’s health and the performance of the economy as a whole.
Data for the Financial accounts are compiled from a large number of reports and publications, including regulatory reports such as those submitted by banks, tax filings, and surveys conducted by the Federal Reserve System.(2) The Financial accounts are published quarterly as a set of tables in the Federal Reserve’s Z.1 statistical release.
(1) Teplin, Albert M. “The U.S. Flow of Funds Accounts and Their Uses.” Federal Reserve Bulletin, July 2001; http://www.federalreserve.gov/pubs/bulletin/2001/0701lead.pdf.
(2) Board of Governors of the Federal Reserve System. “Guide to the Flow of Funds Accounts.” 2000, http://www.federalreserve.gov/apps/fof/.

For questions on the data, please contact the data source: https://www.federalreserve.gov/apps/ContactUs/feedback.aspx?refurl=/releases/z1/%
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    1945    
 
 
    2025
Line Name 2025 Preceding
Period 		Year Ago
from Period 		Units
line 1
Total liabilities 		6,364,577 Millions of U.S. Dollars 5,846,462 Millions of U.S. Dollars 5,846,462 Millions of U.S. Dollars Mil. of U.S. $
line 2
Monetary authority 		462,198 Millions of U.S. Dollars 888,395 Millions of U.S. Dollars 888,395 Millions of U.S. Dollars Mil. of U.S. $
line 3
U.S.-chartered depository institutions 		277,472 Millions of U.S. Dollars 261,812 Millions of U.S. Dollars 261,812 Millions of U.S. Dollars Mil. of U.S. $
line 4
Federal funds 		17,627 Millions of U.S. Dollars 15,465 Millions of U.S. Dollars 15,465 Millions of U.S. Dollars Mil. of U.S. $
line 5
Security repurchase agreements 		259,845 Millions of U.S. Dollars 246,347 Millions of U.S. Dollars 246,347 Millions of U.S. Dollars Mil. of U.S. $
line 6
Foreign banking offices in U.S. 		471,936 Millions of U.S. Dollars 436,398 Millions of U.S. Dollars 436,398 Millions of U.S. Dollars Mil. of U.S. $
line 7
Federal funds 		26,740 Millions of U.S. Dollars 18,656 Millions of U.S. Dollars 18,656 Millions of U.S. Dollars Mil. of U.S. $
line 8
Security repurchase agreements 		445,196 Millions of U.S. Dollars 417,742 Millions of U.S. Dollars 417,742 Millions of U.S. Dollars Mil. of U.S. $
line 9
Credit unions 		0 Millions of U.S. Dollars 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars Mil. of U.S. $
line 10
Property-casualty insurance companies 		2,099 Millions of U.S. Dollars 2,133 Millions of U.S. Dollars 2,133 Millions of U.S. Dollars Mil. of U.S. $
line 11
Life insurance companies 		36,119 Millions of U.S. Dollars 41,684 Millions of U.S. Dollars 41,684 Millions of U.S. Dollars Mil. of U.S. $
line 12
Government-sponsored enterprises 		0 Millions of U.S. Dollars 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars Mil. of U.S. $
line 13
REITs 		311,892 Millions of U.S. Dollars 237,768 Millions of U.S. Dollars 237,768 Millions of U.S. Dollars Mil. of U.S. $
line 14
Brokers and dealers 		2,827,811 Millions of U.S. Dollars 2,335,980 Millions of U.S. Dollars 2,335,980 Millions of U.S. Dollars Mil. of U.S. $
line 15
Holding companies 		2 Millions of U.S. Dollars 2 Millions of U.S. Dollars 2 Millions of U.S. Dollars Mil. of U.S. $
line 16
Rest of the world 		1,953,395 Millions of U.S. Dollars 1,629,791 Millions of U.S. Dollars 1,629,791 Millions of U.S. Dollars Mil. of U.S. $
line 17
Total assets 		8,167,980 Millions of U.S. Dollars 7,103,495 Millions of U.S. Dollars 7,103,495 Millions of U.S. Dollars Mil. of U.S. $
line 18
Nonfinancial corporate business 		72,090 Millions of U.S. Dollars 45,871 Millions of U.S. Dollars 45,871 Millions of U.S. Dollars Mil. of U.S. $
line 19
State and local governments 		233,591 Millions of U.S. Dollars 221,831 Millions of U.S. Dollars 221,831 Millions of U.S. Dollars Mil. of U.S. $
line 20
Monetary authority 		74,600 Millions of U.S. Dollars 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars Mil. of U.S. $
line 21
U.S.-chartered depository institutions 		378,114 Millions of U.S. Dollars 337,705 Millions of U.S. Dollars 337,705 Millions of U.S. Dollars Mil. of U.S. $
line 22
Federal funds 		15,646 Millions of U.S. Dollars 14,970 Millions of U.S. Dollars 14,970 Millions of U.S. Dollars Mil. of U.S. $
line 23
Security repurchase agreements 		362,468 Millions of U.S. Dollars 322,735 Millions of U.S. Dollars 322,735 Millions of U.S. Dollars Mil. of U.S. $
line 24
Foreign banking offices in U.S. 		418,561 Millions of U.S. Dollars 360,645 Millions of U.S. Dollars 360,645 Millions of U.S. Dollars Mil. of U.S. $
line 25
Federal funds 		7 Millions of U.S. Dollars 58 Millions of U.S. Dollars 58 Millions of U.S. Dollars Mil. of U.S. $
line 26
Security repurchase agreements 		418,554 Millions of U.S. Dollars 360,587 Millions of U.S. Dollars 360,587 Millions of U.S. Dollars Mil. of U.S. $
line 27
Credit unions 		28 Millions of U.S. Dollars 52 Millions of U.S. Dollars 52 Millions of U.S. Dollars Mil. of U.S. $
line 28
Federal funds 		3 Millions of U.S. Dollars 2 Millions of U.S. Dollars 2 Millions of U.S. Dollars Mil. of U.S. $
line 29
Security repurchase agreements 		25 Millions of U.S. Dollars 50 Millions of U.S. Dollars 50 Millions of U.S. Dollars Mil. of U.S. $
line 30
Property-casualty insurance companies 		921 Millions of U.S. Dollars 1,029 Millions of U.S. Dollars 1,029 Millions of U.S. Dollars Mil. of U.S. $
line 31
Life insurance companies 		4,695 Millions of U.S. Dollars 5,394 Millions of U.S. Dollars 5,394 Millions of U.S. Dollars Mil. of U.S. $
line 32
Private pension funds 		12,059 Millions of U.S. Dollars 13,209 Millions of U.S. Dollars 13,209 Millions of U.S. Dollars Mil. of U.S. $
line 33
State and local govt. retirement funds 		159,244 Millions of U.S. Dollars 110,153 Millions of U.S. Dollars 110,153 Millions of U.S. Dollars Mil. of U.S. $
line 34
Money market funds 		2,994,433 Millions of U.S. Dollars 2,620,200 Millions of U.S. Dollars 2,620,200 Millions of U.S. Dollars Mil. of U.S. $
line 35
Mutual funds 		24,202 Millions of U.S. Dollars 13,527 Millions of U.S. Dollars 13,527 Millions of U.S. Dollars Mil. of U.S. $
line 36
Government-sponsored enterprises 		322,326 Millions of U.S. Dollars 341,032 Millions of U.S. Dollars 341,032 Millions of U.S. Dollars Mil. of U.S. $
line 37
Of which: FHLB federal funds 		93,715 Millions of U.S. Dollars 51,590 Millions of U.S. Dollars 51,590 Millions of U.S. Dollars Mil. of U.S. $
line 38
Brokers and dealers 		1,989,615 Millions of U.S. Dollars 1,689,949 Millions of U.S. Dollars 1,689,949 Millions of U.S. Dollars Mil. of U.S. $
line 39
Holding companies 		5,635 Millions of U.S. Dollars 2,438 Millions of U.S. Dollars 2,438 Millions of U.S. Dollars Mil. of U.S. $
line 40
Funding corporations 		2 Millions of U.S. Dollars 2 Millions of U.S. Dollars 2 Millions of U.S. Dollars Mil. of U.S. $
line 41
Rest of the world 		1,472,746 Millions of U.S. Dollars 1,336,370 Millions of U.S. Dollars 1,336,370 Millions of U.S. Dollars Mil. of U.S. $
line 42
Discrepancy 		-1,803,403 Millions of U.S. Dollars -1,257,033 Millions of U.S. Dollars -1,257,033 Millions of U.S. Dollars Mil. of U.S. $
Memo:
line 43
Effective federal funds rate (percent) 		3.72 Percent 4.48 Percent 4.48 Percent %
Federal Reserve's reverse repurchase agreement operations:
line 44
Liability: Monetary authority 		105,993 Millions of U.S. Dollars 473,460 Millions of U.S. Dollars 473,460 Millions of U.S. Dollars Mil. of U.S. $
Asset:
line 45
Money market funds 		72,593 Millions of U.S. Dollars 382,434 Millions of U.S. Dollars 382,434 Millions of U.S. Dollars Mil. of U.S. $
line 46
Other financial institutions 		33,400 Millions of U.S. Dollars 91,026 Millions of U.S. Dollars 91,026 Millions of U.S. Dollars Mil. of U.S. $
   

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