Federal Reserve Economic Data

Quarterly

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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Please select a date range

    Q4 1945    
 
 
    Q2 2025
Line Name Q2 2025 Q1 2025 Q2 2024 Units
line 1
Total liabilities 		6,690,482 Millions of Dollars 6,458,608 Millions of Dollars 6,232,728 Millions of Dollars Mil. of $
line 2
Monetary authority 		859,711 Millions of Dollars 804,604 Millions of Dollars 1,053,066 Millions of Dollars Mil. of $
line 3
U.S.-chartered depository institutions 		324,985 Millions of Dollars 276,110 Millions of Dollars 284,068 Millions of Dollars Mil. of $
line 4
Federal funds 		19,780 Millions of Dollars 17,996 Millions of Dollars 17,804 Millions of Dollars Mil. of $
line 5
Security repurchase agreements 		305,205 Millions of Dollars 258,114 Millions of Dollars 266,264 Millions of Dollars Mil. of $
line 6
Foreign banking offices in U.S. 		488,628 Millions of Dollars 470,359 Millions of Dollars 586,110 Millions of Dollars Mil. of $
line 7
Federal funds 		34,662 Millions of Dollars 33,179 Millions of Dollars 24,347 Millions of Dollars Mil. of $
line 8
Security repurchase agreements 		453,966 Millions of Dollars 437,180 Millions of Dollars 561,763 Millions of Dollars Mil. of $
line 9
Credit unions 		0 Millions of Dollars 0 Millions of Dollars 0 Millions of Dollars Mil. of $
line 10
Property-casualty insurance companies 		1,774 Millions of Dollars 2,235 Millions of Dollars 3,686 Millions of Dollars Mil. of $
line 11
Life insurance companies 		39,251 Millions of Dollars 45,248 Millions of Dollars 36,897 Millions of Dollars Mil. of $
line 12
Government-sponsored enterprises 		0 Millions of Dollars 0 Millions of Dollars 0 Millions of Dollars Mil. of $
line 13
REITs 		260,044 Millions of Dollars 247,745 Millions of Dollars 222,653 Millions of Dollars Mil. of $
line 14
Brokers and dealers 		2,712,621 Millions of Dollars 2,697,473 Millions of Dollars 2,379,471 Millions of Dollars Mil. of $
line 15
Holding companies 		2 Millions of Dollars 2 Millions of Dollars 3 Millions of Dollars Mil. of $
line 16
Rest of the world 		1,976,822 Millions of Dollars 1,896,332 Millions of Dollars 1,657,775 Millions of Dollars Mil. of $
line 17
Total assets 		8,080,180 Millions of Dollars 7,788,784 Millions of Dollars 6,990,680 Millions of Dollars Mil. of $
line 18
Nonfinancial corporate business 		49.716 Billions of Dollars 54.195 Billions of Dollars 28.343 Billions of Dollars Bil. of $
line 19
State and local governments 		246,627 Millions of Dollars 238,434 Millions of Dollars 225,092 Millions of Dollars Mil. of $
line 20
Monetary authority 		11,075 Millions of Dollars 1,301 Millions of Dollars 3 Millions of Dollars Mil. of $
line 21
U.S.-chartered depository institutions 		390,611 Millions of Dollars 349,390 Millions of Dollars 288,238 Millions of Dollars Mil. of $
line 22
Federal funds 		15,921 Millions of Dollars 17,826 Millions of Dollars 13,862 Millions of Dollars Mil. of $
line 23
Security repurchase agreements 		374,690 Millions of Dollars 331,564 Millions of Dollars 274,376 Millions of Dollars Mil. of $
line 24
Foreign banking offices in U.S. 		426,394 Millions of Dollars 432,864 Millions of Dollars 364,313 Millions of Dollars Mil. of $
line 25
Federal funds 		24 Millions of Dollars 19 Millions of Dollars 86 Millions of Dollars Mil. of $
line 26
Security repurchase agreements 		426,370 Millions of Dollars 432,845 Millions of Dollars 364,227 Millions of Dollars Mil. of $
line 27
Credit unions 		29 Millions of Dollars 54 Millions of Dollars 56 Millions of Dollars Mil. of $
line 28
Federal funds 		4 Millions of Dollars 4 Millions of Dollars 6 Millions of Dollars Mil. of $
line 29
Security repurchase agreements 		25 Millions of Dollars 50 Millions of Dollars 50 Millions of Dollars Mil. of $
line 30
Property-casualty insurance companies 		855 Millions of Dollars 1,077 Millions of Dollars 916 Millions of Dollars Mil. of $
line 31
Life insurance companies 		5,079 Millions of Dollars 5,855 Millions of Dollars 5,286 Millions of Dollars Mil. of $
line 32
Private pension funds 		12,638 Millions of Dollars 12,930 Millions of Dollars 13,771 Millions of Dollars Mil. of $
line 33
State and local govt. retirement funds 		102,287 Millions of Dollars 107,108 Millions of Dollars 72,373 Millions of Dollars Mil. of $
line 34
Money market funds 		3,105,345 Millions of Dollars 2,821,300 Millions of Dollars 2,614,859 Millions of Dollars Mil. of $
line 35
Mutual funds 		15,927 Millions of Dollars 14,869 Millions of Dollars 17,042 Millions of Dollars Mil. of $
line 36
Government-sponsored enterprises 		321,603 Millions of Dollars 316,790 Millions of Dollars 269,845 Millions of Dollars Mil. of $
line 37
Of which: FHLB federal funds 		80,463 Millions of Dollars 78,255 Millions of Dollars 66,447 Millions of Dollars Mil. of $
line 38
Brokers and dealers 		1,855,482 Millions of Dollars 1,930,463 Millions of Dollars 1,708,836 Millions of Dollars Mil. of $
line 39
Holding companies 		0 Millions of Dollars 4,394 Millions of Dollars 2,025 Millions of Dollars Mil. of $
line 40
Funding corporations 		2 Millions of Dollars 2 Millions of Dollars 2 Millions of Dollars Mil. of $
line 41
Rest of the world 		1,528,321 Millions of Dollars 1,493,864 Millions of Dollars 1,374,994 Millions of Dollars Mil. of $
line 42
Discrepancy 		-1,389,698 Millions of Dollars -1,330,176 Millions of Dollars -757,952 Millions of Dollars Mil. of $
Memo:
line 43
Effective federal funds rate (percent) 		4.33 Percent 4.33 Percent 5.33 Percent %
Federal Reserve's reverse repurchase agreement operations:
line 44
Liability: Monetary authority 		460,731 Millions of Dollars 399,167 Millions of Dollars 664,570 Millions of Dollars Mil. of $
Asset:
line 45
Money market funds 		389,356 Millions of Dollars 348,692 Millions of Dollars 618,255 Millions of Dollars Mil. of $
line 46
Other financial institutions 		71,375 Millions of Dollars 50,475 Millions of Dollars 46,315 Millions of Dollars Mil. of $
   

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