FRB: Annual Report 2006, Statistical Table 6: Reserves of Depository Institutions, Federal Reserve Bank Credit, and Related Items

6A. Reserves of Depository Institutions, Federal Reserve Bank Credit, and Related Items, Year-End 1984-2006 and Month-End 2006
Millions of dollars
Period	Factors supplying reserve funds									Factors absorbing reserve funds								Reserve balances with Federal Reserve Banks⁶
	Federal Reserve Bank credit outstanding						Gold stock	Special drawing rights certificate account	Treasury currency outstanding³	Currency in circulation	Reverse repurchase agreements⁴	Treasury cash holdings⁵	Deposits with Federal Reserve Banks, other than reserve balances			Required clearing balances	Other Federal Reserve liabilities and capital
	Securities held outright¹	Repurchase agreements²	Loans	Float	Other Federal Reserve assets	Total	Gold stock	Special drawing rights certificate account	Treasury currency outstanding³	Currency in circulation	Reverse repurchase agreements⁴	Treasury cash holdings⁵	Treasury	Foreign	Other	Required clearing balances	Other Federal Reserve liabilities and capital
1984	167,612	2,015	3,577	833	12,347	186,384	11,096	4,618	16,418	183,796	0	513	5,316	253	867	1,126	5,952	20,693

1985	186,025	5,223	3,060	988	15,302	210,598	11,090	4,718	17,075	197,488	0	550	9,351	480	1,041	1,490	5,940	27,141
1986	205,454	16,005	1,565	1,261	17,475	241,760	11,084	5,018	17,567	211,995	0	447	7,588	287	917	1,812	6,088	46,295
1987	226,459	4,961	3,815	811	15,837	251,883	11,078	5,018	18,177	230,205	0	454	5,313	244	1,027	1,687	7,129	40,097
1988	240,628	6,861	2,170	1,286	18,803	269,748	11,060	5,018	18,799	247,649	0	395	8,656	347	548	1,605	7,683	37,742
1989	233,300	2,117	481	1,093	39,631	276,622	11,059	8,518	19,628	260,456	0	450	6,217	589	1,298	1,618	8,486	36,713

1990	241,431	18,354	190	2,566	39,880	302,421	11,058	10,018	20,402	286,963	0	561	8,960	369	242	1,960	8,147	36,698
1991	272,531	15,898	218	1,026	34,524	324,197	11,059	10,018	21,014	307,756	0	636	17,697	968	1,706	3,946	8,113	25,467
1992	300,423	8,094	675	3,350	30,278	342,820	11,056	8,018	21,447	334,701	0	508	7,492	206	372	5,897	7,984	26,182
1993	336,654	13,212	94	963	33,394	384,317	11,053	8,018	22,095	365,271	0	377	14,809	386	397	6,332	9,292	28,619
1994	368,156	10,590	223	740	33,441	413,150	11,051	8,018	22,994	403,843	0	335	7,161	250	876	4,196	11,959	26,593

1995	380,831	13,862	135	231	33,483	428,543	11,050	10,168	24,003	424,244	0	270	5,979	386	932	5,167	12,342	24,444
1996	393,132	21,583	85	5,297	32,222	452,319	11,048	9,718	24,966	450,648	0	249	7,742	167	892	6,601	13,829	17,923
1997	431,420	23,840	2,035	561	32,044	489,901	11,047	9,200	25,543	482,327	0	225	5,444	457	900	6,679	15,500	24,159
1998	452,478	30,376	17	1,009	37,692	521,573	11,046	9,200	26,270	517,484	0	85	6,086	167	1,605	6,781	16,354	19,525
1999	478,144	140,640	233	407	34,799	654,223	11,048	6,200	28,013	628,359	0	109	28,402	71	1,261	7,482	17,256	16,545

2000	511,833	43,375	110	795	36,896	593,009	11,046	2,200	31,643	593,694	0	450	5,149	216	1,382	6,332	17,962	12,713
2001	551,685	50,250	34	698	36,885	639,552	11,045	2,200	33,017	643,301	0	425	6,645	61	820	8,525	17,083	8,953
2002	629,416	39,500	40	832	38,574	708,363	11,043	2,200	34,597	687,518	21,091	367	4,420	136	1,152	10,534^r	18,977	12,007^r
2003	666,665	43,750	62	211	40,214	750,901	11,043	2,200	35,475	724,194	25,652	321	5,723	162	717	11,829^r	19,793	11,229^r
2004	717,819	33,000	43	927	42,161	793,950	11,045	2,200	36,434	754,877	30,783	270	5,912	80	1,285	9,963	26,378	14,080

2005	744,215	46,750	72	891	39,319	831,247	11,043	2,200	36,540^r	794,014^r	30,505	202	4,573	83	2,144	8,650^r	30,466	10,393^r
2006	778,915	40,750	67	-326	39,885	859,290	11,041	2,200	38,233	820,204	29,615	252	4,708	98	958	6,842	36,231	11,857

2006
Jan.	748,824	25,750	40	1,796	40,285	816,694	11,044	2,200	36,539	782,356	24,019	216	5,606	83	281	8,710	31,667	13,540
Feb.	754,676	31,500	38	1,466	37,675	825,355	11,044	2,200	37,813	789,289	24,802	185	5,024	82	279	8,015	32,510	16,226
Mar.	758,542	26,750	566	-836	39,046	824,068	11,043	2,200	37,879	788,769	26,540	209	5,455	84	217	7,731	32,894	13,291
Apr.	759,690	24,250	138	-1,084	41,283	824,277	11,041	2,200	37,936	790,794	24,108	182	4,784	86	278	6,696	33,807	14,718
May	762,411	30,750	207	1,028	39,151	833,547	11,041	2,200	37,980	799,103	24,603	196	2,637	86	242	7,580	34,508	15,815
June	766,364	31,250	291	-1,032	40,133	837,005	11,041	2,200	37,990	797,157	29,164	174	5,525	142	226	7,162	34,886	13,801
July	764,811	30,250	361	48	41,103	836,574	11,041	2,200	38,026	792,624	29,933	148	4,546	88	320	7,028	35,688	17,466
Aug.	766,739	30,250	349	-606	38,436	835,168	11,041	2,200	38,025	797,545	28,263	171	4,907	89	259	6,791	35,677	12,734
Sept.	768,924	21,500	322	-1,104	40,063	829,705	11,041	2,200	38,084	790,582	31,155	150	5,451	98	236	6,987	36,027	10,343
Oct.	768,493	29,750	157	2,604	40,672	841,677	11,041	2,200	38,133	796,047	33,805	179	5,617	104	344	6,933	36,955	13,067
Nov.	772,604	37,750	102	-411	37,409	847,455	11,041	2,200	38,177	806,375	31,049	164	4,373	90	278	6,832	36,163	13,549
Dec.	778,915	40,750	67	-326	39,885	859,290	11,041	2,200	38,233	820,204	29,615	252	4,708	98	958	6,842	36,231	11,857

Note: Components may not sum to totals because of rounding.

1. Includes U.S. Treasury and federal agency securities. U.S. Treasury securities contain securities lent to dealers and are fully collateralized by other U.S. Treasury securities. Federal agency securities are included at face value. Return to table
2. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. Return to table
3. Includes currency and coin (other than gold) issued directly by the Treasury. The largest components are fractional and dollar coins. For details see "Currency and Coin in Circulation," Treasury Bulletin. Return to table
4. Cash value of agreements, which are collateralized by U.S. Treasury securities. Return to table
5. Coin and paper currency held by the Treasury, as well as any gold in excess of the gold certificates issued to the Reserve Bank. Return to table
6. Excludes required clearing balances and adjustments to compensate for float. Return to table
r. Revised.

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6B. Reserves of Depository Institutions, Federal Reserve Bank Credit, and Related Items, Year-End 1918-1983
Millions of dollars
Period	Factors supplying reserve funds
	Federal Reserve Bank credit outstanding							Gold stock⁶	Special drawing rights certificate account	Treasury currency outstanding ⁷
	Securities held outright¹	Repurchase agreements²	Loans	Float³	All other⁴	Other Federal Reserve assets ⁵	Total	Gold stock⁶	Special drawing rights certificate account	Treasury currency outstanding ⁷
1918	239	0	1,766	199	294	0	2,498	2,873	...	1,795
1919	300	0	2,215	201	575	0	3,292	2,707	...	1,707

1920	287	0	2,687	119	262	0	3,355	2,639	...	1,709
1921	234	0	1,144	40	146	0	1,563	3,373	...	1,842
1922	436	0	618	78	273	0	1,405	3,642	...	1,958
1923	80	54	723	27	355	0	1,238	3,957	...	2,009
1924	536	4	320	52	390	0	1,302	4,212	...	2,025

1925	367	8	643	63	378	0	1,459	4,112	...	1,977
1926	312	3	637	45	384	0	1,381	4,205	...	1,991
1927	560	57	582	63	393	0	1,655	4,092	...	2,006
1928	197	31	1,056	24	500	0	1,809	3,854	...	2,012
1929	488	23	632	34	405	0	1,583	3,997	...	2,022

1930	686	43	251	21	372	0	1,373	4,306	...	2,027
1931	775	42	638	20	378	0	1,853	4,173	...	2,035
1932	1,851	4	235	14	41	0	2,145	4,226	...	2,204
1933	2,435	2	98	15	137	0	2,688	4,036	...	2,303
1934	2,430	0	7	5	21	0	2,463	8,238	...	2,511

1935	2,430	1	5	12	38	0	2,486	10,125	...	2,476
1936	2,430	0	3	39	28	0	2,500	11,258	...	2,532
1937	2,564	0	10	19	19	0	2,612	12,760	...	2,637
1938	2,564	0	4	17	16	0	2,601	14,512	...	2,798
1939	2,484	0	7	91	11	0	2,593	17,644	...	2,963

1940	2,184	0	3	80	8	0	2,274	21,995	...	3,087
1941	2,254	0	3	94	10	0	2,361	22,737	...	3,247
1942	6,189	0	6	471	14	0	6,679	22,726	...	3,648
1943	11,543	0	5	681	10	0	12,239	21,938	...	4,094
1944	18,846	0	80	815	4	0	19,745	20,619	...	4,131

1945	24,252	0	249	578	2	0	15,091	20,065	...	4,339
1946	23,350	0	163	580	1	0	24,093	20,529	...	4,562
1947	22,559	0	85	535	1	0	23,181	22,754	...	4,562
1948	23,333	0	223	541	1	0	24,097	24,244	...	4,589
1949	18,885	0	78	534	2	0	19,499	24,427	...	4,598

1950	20,725	53	67	1,368	3	0	22,216	22,706	...	4,636
1951	23,605	196	19	1,184	5	0	25,009	22,695	...	4,709
1952	24,034	663	156	967	4	0	25,825	23,187	...	4,812
1953	25,318	598	28	935	2	0	26,880	22,030	...	4,894
1954	24,888	44	143	808	1	0	25,885	21,713	...	4,985

1955	24,391	394	108	1,585	29	0	26,507	21,690	...	5,008
1956	24,610	305	50	1,665	70	0	26,699	21,949	...	5,066
1957	23,719	519	55	1,424	66	0	25,784	22,781	...	5,146
1958	26,252	95	64	1,296	49	0	27,755	20,534	...	5,234
1959	26,607	41	458	1,590	75	0	28,771	19,456	...	5,311

1960	26,984	400	33	1,847	74	0	29,338	17,767	...	5,398
1961	30,478	159	130	2,300	51	0	31,362	16,889	...	5,585
1962	28,722	342	38	2,903	110	0	33,871	15,978	...	5,567
1963	33,582	11	63	2,600	162	0	36,418	15,513	...	5,578
1964	36,506	538	186	2,606	94	0	39,930	15,388	...	5,405

1965	40,478	290	137	2,248	187	0	43,340	13,733	...	5,575
1966	43,655	661	173	2,495	193	0	47,177	13,159	...	6,317
1967	48,980	170	141	2,576	164	0	52,031	11,982	...	6,784
1968	52,937	0	186	3,443	58	0	56,624	10,367	...	6,795
1969	57,154	0	183	3,440	64	2,743	64,584	10,367	...	6,852

1970	62,142	0	335	4,261	57	1,123	67,918	10,732	400	7,147
1971	69,481	1,323	39	4,343	261	1,068	76,515	10,132	400	7,710
1972	71,119	111	1,981	3,974	106	1,260	78,551	10,410	400	8,313
1973	80,395	100	1,258	3,099	68	1,152	86,072	11,567	400	8,716
1974	84,760	954	299	2,001	999	3,195	92,208	11,652	400	9,253

1975	92,789	1,335	211	3,688	1,126	3,312	102,461	11,599	500	10,218
1976	100,062	4,031	25	2,601	991	3,182	110,892	11,598	1,200	10,810
1977	108,922	2,352	265	3,810	954	2,442	118,745	11,718	1,250	11,331
1978	117,374	1,217	1,174	6,432	587	4,543	131,327	11,671	1,300	11,831
1979	124,507	1,660	1,454	6,767	704	5,613	140,705	11,172	1,800	13,083

1980	128,038	2,554	1,809	4,467	776	8,739	146,383	11,160	2,518	13,427
1981	136,863	3,485	1,601	1,762	195	9,230	153,136	11,151	3,318	13,687
1982	144,544	4,293	717	2,735	1,480	9,890	63,659	11,148	4,618	13,786
1983	159,203	1,592	918	1,605	418	8,728	172,464	11,121	4,618	15,732

Note: For a description of figures and discussion of their significance, see Banking and Monetary Statistics, 1941-1970 (Board of Governors of the Federal Reserve System, 1976), pp. 507-23.

1. In 1969 and thereafter, includes securities loaned--fully guaranteed by U.S. government securities pledged with Federal Reserve Banks--and excludes securities sold and scheduled to be bought back under matched sale-purchase transactions. On September 29, 1971, and thereafter, includes federal agency issues bought outright. Return to table
2. On December 1, 1966, and thereafter, includes federal agency obligations held under repurchase agreements. Return to table
3. In 1960 and thereafter, figures reflect a minor change in concept; see Federal Reserve Bulletin, vol. 47 (February 1961), p. 164. Return to table
4. Principally acceptances and, until August 21, 1959, industrial loans, the authority for which expired on that date. Return to table
5. For the period before April 16, 1969, includes the total of Federal Reserve capital paid in, surplus, other capital accounts, and other liabilities and accrued dividends, less the sum of bank premises and other assets, and is reported as "Other Federal Reserve accounts"; thereafter, "Other Federal Reserve assets" and "Other Federal Reserve liabilities and capital" are shown separately. Return to table
6. Before January 30, 1934, includes gold held in Federal Reserve Banks and in circulation. Return to table
7. Includes currency and coin (other than gold) issued directly by the Treasury. The largest components are fractional and dollar coins. For details see "Currency and Coin in Circulation," Treasury Bulletin. Return to table

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6B. Reserves of Depository Institutions, Federal Reserve Bank Credit, and Related Items, Year-End 1918-1983--Continued
Millions of dollars
Period	Factors absorbing reserve funds								Member bank reserves ³
	Currency in circulation	Treasury cash holdings ¹	Deposits with Federal Reserve Banks, other than reserve balances			Other Federal Reserve accounts ²	Required clearing balances	Other Federal Reserve liabilities and capital ⁵	Member bank reserves ³
	Currency in circulation	Treasury cash holdings ¹	Treasury	Foreign	Other	Other Federal Reserve accounts ²	Required clearing balances	Other Federal Reserve liabilities and capital ⁵	With Federal Reserve Banks	Currency and coin⁴	Required⁵	Excess⁵ ⁶
1918	4,951	288	51	96	25	118	0	0	1,636	0	1,585	51
1919	5,091	385	51	73	28	208	0	0	1,890	0	1,822	68

1920	5,325	218	57	5	18	298	0	0	1,781	0	0	0
1921	4,403	214	96	12	15	285	0	0	1,753	0	1,654	99
1922	4,530	225	11	3	26	276	0	0	1,934	0	0	0
1923	4,757	213	38	4	19	275	0	0	1,898	0	1,884	14
1924	4,760	211	51	19	20	258	0	0	2,220	0	2,161	59

1925	4,817	203	16	8	21	272	0	0	2,212	0	2,256	-44
1926	4,808	201	17	46	19	293	0	0	2,194	0	2,250	-56
1927	4,716	208	18	5	21	301	0	0	2,487	0	2,424	63
1928	4,686	202	23	6	21	348	0	0	2,389	0	2,430	-41
1929	4,578	216	29	6	24	393	0	0	2,355	0	2,428	-73

1930	4,603	211	19	6	22	375	0	0	2,471	0	2,375	96
1931	5,360	222	54	79	31	354	0	0	1,961	0	1,994	-33

1932	5,388	272	8	19	24	355	0	0	2,509	0	1,933	576
1933	5,519	284	3	4	128	360	0	0	2,729	0	1,870	859
1934	5,536	3,029	121	20	169	241	0	0	4,096	0	2,282	1,814

1935	5,882	2,566	544	29	226	253	0	0	5,587	0	2,743	2,844
1936	6,543	2,376	244	99	160	261	0	0	6,606	0	4,622	1,984
1937	6,550	3,619	142	172	235	263	0	0	7,027	0	5,815	1,212
1938	6,856	2,706	923	199	242	260	0	0	8,724	0	5,519	3,205
1939	7,598	2,409	634	397	256	251	0	0	11,653	0	6,444	5,209

1940	8,732	2,213	368	1,133	599	284	0	0	4,026	0	7,411	6,615
1941	11,160	2,215	867	774	586	291	0	0	12,450	0	9,365	3,085
1942	15,410	2,193	799	793	485	256	0	0	13,117	0	11,129	1,988
1943	20,499	2,303	579	1,360	356	339	0	0	12,886	0	11,650	1,236
1944	25,307	2,375	440	1,204	394	402	0	0	14,373	0	12,748	1,625

1945	28,515	2,287	977	862	446	495	0	0	15,915	0	14,457	1,458
1946	28,952	2,272	393	508	314	607	0	0	16,139	0	15,577	562
1947	28,868	1,336	870	392	569	563	0	0	17,899	0	16,400	1,499
1948	28,224	1,325	1,123	642	547	590	0	0	20,479	0	19,277	1,202
1949	27,600	1,312	821	767	750	106	0	0	16,568	0	15,550	1,018

1950	27,741	1,293	668	895	565	714	0	0	17,681	0	16,509	1,172
1951	29,206	1,270	247	526	363	746	0	0	20,056	0	19,667	389
1952	30,433	1,270	389	550	455	777	0	0	19,950	0	20,520	-570
1953	30,781	761	346	423	493	839	0	0	20,160	0	19,397	763
1954	30,509	796	563	490	441	907	0	0	18,876	0	18,618	258

1955	31,158	767	394	402	554	925	0	0	19,005	0	18,903	102
1956	31,790	775	441	322	426	901	0	0	19,059	0	19,089	-30
1957	31,834	761	481	356	246	998	0	0	19,034	0	19,091	-57
1958	32,193	683	358	272	391	1,122	0	0	18,504	0	18,574	-70
1959	32,591	391	504	345	694	841	0	0	18,174	310	18,619	-135

1960	32,869	377	485	217	533	941	0	0	17,081	2,544	18,988	637
1961	33,918	422	465	279	320	1,044	0	0	17,387	2,544	18,988	96
1962	35,338	380	597	247	393	1,007	0	0	17,454	3,262	20,071	645
1963	37,692	361	880	171	291	1,065	0	0	17,049	4,099	20,677	471
1964	39,619	612	820	229	321	1,036	0	0	18,086	4,151	21,663	574

1965	42,056	760	668	150	355	211	0	0	18,447	4,163	22,848	-238
1966	44,663	1,176	416	174	588	-147	0	0	19,779	4,310	24,321	-232
1967	47,226	1,344	1,123	135	563	-773	0	0	21,092	4,631	25,905	-182
1968	50,961	695	703	216	747	-1,353	0	0	21,818	4,921	27,439	-700
1969	53,950	596	1,312	134	807	0	0	1,919	22,085	5,187	28,173	-901

1970	57,903	431	1,156	148	1,233	0	0	1,986	24,150	5,423	30,033	-460
1971	61,068	460	2,020	294	999	0	0	2,131	27,788	5,743	32,496	1,035
1972	66,516	345	1,855	325	840	0	0	2,143	25,647	6,216	32,044	98 ¹²
1973	72,497	317	2,542	251	1,419 ¹³	0	0	2,669	27,060	6,781	35,268	-1,360
1974	79,743	185	2,113	418	1,275 ¹³	0	0	2,935	25,843	7,370	37,011	-3,798

1975	86,547	483	7,285	353	1,090	0	0	2,968	26,052	8,036	35,197	-1,103 ¹⁴
1976	93,717	460	10,393	352	1,357	0	0	3,063	25,158	8,628	35,461	-1,535
1977	103,811	392	7,114	379	1,187	0	0	3,292	26,870	9,421	37,615	-1,265
1978	114,645	240	4,196	368	1,256	0	0	4,275	31,152	10,538	42,694	-893
1979	125,600	494	4,075	429	1,412	0	0	4,957	29,792	11,429	44,217	-2,835

1980	136,829	441	3,062	411	617	0	0	4,671	27,456	13,654	40,558	675
1981	144,774	443	4,301	505	781	0	117	5,261	25,111	15,576	42,145	-1,442
1982	154,908	429	5,033	328	1,033	0	436	4,990	26,053	16,666	41,391	1,328
1983	171,935	479	3,661	191	851	0	1,013	5,392	20,413	17,821	39,179	-945

Note: For a description of figures and discussion of their significance, see Banking and Monetary Statistics, 1941-1970 (Board of Governors of the Federal Reserve System, 1976), pp. 507-23.
1. Coin and paper currency held by the Treasury, as well as any gold in excess of the gold certificates issued to the Reserve Bank. Return to table
2. For the period before April 16, 1969, includes the total of Federal Reserve capital paid in, surplus, other capital accounts, and other liabilities and accrued dividends, less the sum of bank premises and other assets, and is reported as "Other Federal Reserve accounts"; thereafter, "Other Federal Reserve assets" and "Other Federal Reserve liabilities and capital" are shown separately.Return to table
3. In November 1979 and thereafter, includes reserves of member banks, Edge Act corporations, and U.S. agencies and branches of foreign banks. On November 13, 1980, and thereafter, includes reserves of all depository institutions.Return to table
4. Between December 1, 1959, and November 23, 1960, part was allowed as reserves; thereafter, all was allowed.Return to table
5. Estimated through 1958. Before 1929, data were available only on call dates (in 1920 and 1922 the call date was December 29). Since September 12, 1968, the amount has been based on close-of-business figures for the reserve period two weeks before the report date.Return to table
6. For the week ending November 15, 1972, and thereafter, includes $450 million of reserve deficiencies on which Federal Reserve Banks are allowed to waive penalties for a transition period in connection with bank adaptation to Regulation J as amended, effective November 9, 1972. Allowable deficiencies are as follows (beginning with first statement week of quarter, in millions): 1973--Q1, $279; Q2, $172; Q3, $112; Q4, $84; 1974--Q1, $67; Q2, $58. The transition period ended with the second quarter of 1974.Return to table
... Not applicable.

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