Quarterly

F4.1.s 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/%
For questions on FRED functionality, please contact: https://fred.stlouisfed.org/contactus/
To easily map the Board series IDs to FRED series IDs, see the DDP-FRED Crosswalk available at: https://www.federalreserve.gov/data/data-download-fred-information.htm

   

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    Q4 1945    
 
 
    Q2 2026
Line Name Q2 2026 Q1 2026 Q2 2025 Units
line 1
Total liabilities 		7,164,975 Millions of U.S. Dollars 6,822,151 Millions of U.S. Dollars 6,804,393 Millions of U.S. Dollars Mil. of U.S. $
line 2
Monetary authority 		380,955 Millions of U.S. Dollars 353,396 Millions of U.S. Dollars 859,711 Millions of U.S. Dollars Mil. of U.S. $
line 3
U.S.-chartered depository institutions 		280,213 Millions of U.S. Dollars 273,169 Millions of U.S. Dollars 324,979 Millions of U.S. Dollars Mil. of U.S. $
line 4
Federal funds 		21,756 Millions of U.S. Dollars 19,638 Millions of U.S. Dollars 19,774 Millions of U.S. Dollars Mil. of U.S. $
line 5
Security repurchase agreements 		258,457 Millions of U.S. Dollars 253,531 Millions of U.S. Dollars 305,205 Millions of U.S. Dollars Mil. of U.S. $
line 6
Foreign banking offices in U.S. 		541,730 Millions of U.S. Dollars 490,068 Millions of U.S. Dollars 488,628 Millions of U.S. Dollars Mil. of U.S. $
line 7
Federal funds 		46,904 Millions of U.S. Dollars 37,615 Millions of U.S. Dollars 34,662 Millions of U.S. Dollars Mil. of U.S. $
line 8
Security repurchase agreements 		494,826 Millions of U.S. Dollars 452,453 Millions of U.S. Dollars 453,966 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 		2,199 Millions of U.S. Dollars 2,469 Millions of U.S. Dollars 1,782 Millions of U.S. Dollars Mil. of U.S. $
line 11
Life insurance companies 		45,515 Millions of U.S. Dollars 42,011 Millions of U.S. Dollars 39,259 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 		331,175 Millions of U.S. Dollars 327,353 Millions of U.S. Dollars 262,309 Millions of U.S. Dollars Mil. of U.S. $
line 14
Brokers and dealers 		3,115,829 Millions of U.S. Dollars 3,040,708 Millions of U.S. Dollars 2,712,621 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 		2,340,783 Millions of U.S. Dollars 2,171,522 Millions of U.S. Dollars 2,004,097 Millions of U.S. Dollars Mil. of U.S. $
line 17
Total assets 		8,669,243 Millions of U.S. Dollars 8,448,361 Millions of U.S. Dollars 8,173,449 Millions of U.S. Dollars Mil. of U.S. $
line 18
Nonfinancial corporate business 		137,478 Millions of U.S. Dollars 109,301 Millions of U.S. Dollars 65,139 Millions of U.S. Dollars Mil. of U.S. $
line 19
State and local governments 		241,760 Millions of U.S. Dollars 240,431 Millions of U.S. Dollars 236,652 Millions of U.S. Dollars Mil. of U.S. $
line 20
Monetary authority 		0 Millions of U.S. Dollars 1 Millions of U.S. Dollars 11,075 Millions of U.S. Dollars Mil. of U.S. $
line 21
U.S.-chartered depository institutions 		370,075 Millions of U.S. Dollars 369,903 Millions of U.S. Dollars 390,492 Millions of U.S. Dollars Mil. of U.S. $
line 22
Federal funds 		15,731 Millions of U.S. Dollars 17,473 Millions of U.S. Dollars 15,792 Millions of U.S. Dollars Mil. of U.S. $
line 23
Security repurchase agreements 		354,344 Millions of U.S. Dollars 352,430 Millions of U.S. Dollars 374,700 Millions of U.S. Dollars Mil. of U.S. $
line 24
Foreign banking offices in U.S. 		448,762 Millions of U.S. Dollars 444,926 Millions of U.S. Dollars 426,394 Millions of U.S. Dollars Mil. of U.S. $
line 25
Federal funds 		426 Millions of U.S. Dollars 22 Millions of U.S. Dollars 24 Millions of U.S. Dollars Mil. of U.S. $
line 26
Security repurchase agreements 		448,336 Millions of U.S. Dollars 444,904 Millions of U.S. Dollars 426,370 Millions of U.S. Dollars Mil. of U.S. $
line 27
Credit unions 		26 Millions of U.S. Dollars 26 Millions of U.S. Dollars 29 Millions of U.S. Dollars Mil. of U.S. $
line 28
Federal funds 		1 Millions of U.S. Dollars 1 Millions of U.S. Dollars 4 Millions of U.S. Dollars Mil. of U.S. $
line 29
Security repurchase agreements 		25 Millions of U.S. Dollars 25 Millions of U.S. Dollars 25 Millions of U.S. Dollars Mil. of U.S. $
line 30
Property-casualty insurance companies 		944 Millions of U.S. Dollars 1,061 Millions of U.S. Dollars 818 Millions of U.S. Dollars Mil. of U.S. $
line 31
Life insurance companies 		6,382 Millions of U.S. Dollars 5,930 Millions of U.S. Dollars 5,070 Millions of U.S. Dollars Mil. of U.S. $
line 32
Private pension funds 		13,497 Millions of U.S. Dollars 13,492 Millions of U.S. Dollars 13,441 Millions of U.S. Dollars Mil. of U.S. $
line 33
State and local govt. retirement funds 		216,286 Millions of U.S. Dollars 224,602 Millions of U.S. Dollars 110,910 Millions of U.S. Dollars Mil. of U.S. $
line 34
Money market funds 		3,074,627 Millions of U.S. Dollars 2,931,972 Millions of U.S. Dollars 3,105,345 Millions of U.S. Dollars Mil. of U.S. $
line 35
Mutual funds 		8,274 Millions of U.S. Dollars 7,524 Millions of U.S. Dollars 22,339 Millions of U.S. Dollars Mil. of U.S. $
line 36
Government-sponsored enterprises 		298,171 Millions of U.S. Dollars 279,564 Millions of U.S. Dollars 361,728 Millions of U.S. Dollars Mil. of U.S. $
line 37
Of which: FHLB federal funds 		99,868 Millions of U.S. Dollars 84,524 Millions of U.S. Dollars 80,463 Millions of U.S. Dollars Mil. of U.S. $
line 38
Brokers and dealers 		2,076,630 Millions of U.S. Dollars 2,071,577 Millions of U.S. Dollars 1,855,482 Millions of U.S. Dollars Mil. of U.S. $
line 39
Holding companies 		5,699 Millions of U.S. Dollars 4,149 Millions of U.S. Dollars 0 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 		1,726,902 Millions of U.S. Dollars 1,684,705 Millions of U.S. Dollars 1,508,022 Millions of U.S. Dollars Mil. of U.S. $
line 42
Discrepancy 		-1,504,268 Millions of U.S. Dollars -1,626,210 Millions of U.S. Dollars -1,369,056 Millions of U.S. Dollars Mil. of U.S. $
Memo:
line 43
Effective federal funds rate (percent) 		3.63 Percent 3.64 Percent 4.33 Percent %
Federal Reserve's reverse repurchase agreement operations:
line 44
Liability: Monetary authority 		26,900 Millions of U.S. Dollars 15,782 Millions of U.S. Dollars 460,731 Millions of U.S. Dollars Mil. of U.S. $
Asset:
line 45
Money market funds 		6,830 Millions of U.S. Dollars 6,407 Millions of U.S. Dollars 389,356 Millions of U.S. Dollars Mil. of U.S. $
line 46
Other financial institutions 		20,070 Millions of U.S. Dollars 9,375 Millions of U.S. Dollars 71,375 Millions of U.S. Dollars Mil. of U.S. $
   

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