Release Date: February 12, 2015

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Table 1
Not seasonally adjusted. Millions of dollars unless otherwise noted.
Date Reserve balances required Reserve balances maintained 4 Interest rates paid (in percent)
Reserve balance
requirements 1		 Top of penalty-
free band 2		 Bottom of penalty-
free band 3		 Total Balances
maintained to
satisfy reserve
balance
requirements 5		 Balances
maintained that
exceed the top of
the penalty-
free band 6		 Balances
maintained to
satisfy reserve
balance
requirements		 Balances
maintained that
exceed the top of
the penalty-
free band
Month 7
Jan. 2014 75,901 83,506 68,298 2,498,153 83,188 2,414,965    
Feb. 2014 77,320 85,067 69,574 2,593,879 84,858 2,509,021    
Mar. 2014 78,471 86,333 70,610 2,623,027 86,124 2,536,902    
Apr. 2014 80,203 88,238 72,169 2,660,368 88,014 2,572,354    
May 2014 82,906 91,213 74,603 2,635,180 90,873 2,544,306    
June 2014 81,443 89,603 73,285 2,668,354 89,357 2,578,997    
July 2014 84,590 93,064 76,117 2,704,004 92,840 2,611,164    
Aug. 2014 86,899 95,605 78,196 2,786,867 95,348 2,691,520    
Sept. 2014 81,892 90,096 73,690 2,759,284 89,839 2,669,445    
Oct. 2014 85,026 93,544 76,511 2,705,668 93,260 2,612,408    
Nov. 2014 86,424 95,081 77,769 2,519,578 94,838 2,424,740    
Dec. 2014 82,770 91,061 74,481 2,606,700 90,852 2,515,848    
Jan. 2015 90,522 99,589 81,458 2,683,709 99,273 2,584,437    
                 
Two weeks ending 8
Dec. 10, 2014 86,927 95,634 78,222 2,441,291 95,433 2,345,858 0.25 0.25
Dec. 24, 2014 78,803 86,697 70,911 2,734,354 86,515 2,647,839 0.25 0.25
Jan. 7, 2015 84,766 93,257 76,277 2,587,691 92,982 2,494,709 0.25 0.25
Jan. 21, 2015 88,857 97,758 79,961 2,738,148 97,441 2,640,707 0.25 0.25
Feb. 4, 2015 96,881 106,584 87,179 2,674,708 106,240 2,568,468 0.25 0.25

Footnotes

  1. Equals required reserves (table 2, column 2) less vault cash used to satisfy required reserves (table 2, column 4).
  2. Equals the sum of each institution's top of the penalty-free band. For each institution, the top of the penalty-free band is equal to the institution's reserve balance requirement plus an amount that is the greater of 10 percent of the institution's reserve balance requirement or $50,000.
  3. Equals the sum of each institution's bottom of the penalty-free band. For each institution, the bottom of the penalty-free band is equal to the institution's reserve balance requirement less an amount that is the greater of 10 percent of the institution's reserve balance requirement or $50,000.
  4. Effective February 18, 2014, omits balances held by designated financial market utilities. These balances are reported in the H.4.1 statistical release.
  5. Equals the sum of balances maintained up to the top of each institution's penalty-free band.
  6. Equals the sum of balances maintained that exceed the top of each institution's penalty-free band.
  7. Prorated averages of biweekly averages.
  8. Averages of daily figures.

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Table 2
Not seasonally adjusted. Millions of dollars.
Date Reserves Vault cash 2 Monetary base
Total 1 Required Total Used to satisfy
required
reserves 3		 Surplus 4 Total 5 Total balances
maintained 6		 Currency in
circulation
Month 7
Jan. 2014 2,556,400 134,149 67,941 58,248 9,693 3,728,483 2,498,153 1,230,330
Feb. 2014 2,650,127 133,568 67,026 56,248 10,778 3,833,354 2,593,879 1,239,476
Mar. 2014 2,676,700 132,145 64,132 53,674 10,458 3,885,877 2,623,027 1,262,851
Apr. 2014 2,714,901 134,735 64,916 54,532 10,384 3,930,681 2,660,368 1,270,313
May 2014 2,688,383 136,110 63,178 53,204 9,975 3,911,525 2,635,180 1,276,345
June 2014 2,722,268 135,357 63,510 53,914 9,596 3,948,691 2,668,354 1,280,337
July 2014 2,759,023 139,609 64,029 55,019 9,010 3,989,076 2,704,004 1,285,072
Aug. 2014 2,842,039 142,071 64,558 55,172 9,386 4,075,024 2,786,867 1,288,157
Sept. 2014 2,814,487 137,095 64,817 55,203 9,614 4,049,181 2,759,284 1,289,897
Oct. 2014 2,760,317 139,675 64,822 54,648 10,173 4,001,440 2,705,668 1,295,772
Nov. 2014 2,575,099 141,945 65,214 55,521 9,693 3,830,428 2,519,578 1,310,850
Dec. 2014 2,665,936 142,006 69,363 59,236 10,127 3,934,491 2,606,700 1,327,791
Jan. 2015 2,745,584 152,397 71,378 61,875 9,503 4,017,075 2,683,709 1,333,366
                 
Two weeks ending 8
Dec. 10, 2014 2,499,443 145,079 67,101 58,152 8,949 3,759,492 2,441,291 1,318,201
Dec. 24, 2014 2,793,647 138,096 70,269 59,293 10,976 4,062,208 2,734,354 1,327,854
Jan. 7, 2015 2,648,363 145,438 70,784 60,672 10,112 3,929,057 2,587,691 1,341,366
Jan. 21, 2015 2,798,871 149,580 70,255 60,723 9,532 4,069,934 2,738,148 1,331,786
Feb. 4, 2015 2,739,038 161,211 73,366 64,330 9,036 4,004,685 2,674,708 1,329,977

Footnotes

  1. Equals total reserve balances maintained (table 1, column 4) plus vault cash used to satisfy required reserves.
  2. Vault cash eligible to satisfy reserve requirements. It includes only vault cash held by institutions not exempt from reserve requirements. Dates refer to the maintenance periods for which the vault cash can be used to satisfy reserve requirements.
  3. All vault cash held during the lagged computation period by "bound" institutions (that is, those whose required reserves exceed their vault cash) plus the amount of vault cash applied during the maintenance period by "nonbound" institutions (that is, those whose vault cash exceeds their required reserves) to satisfy current reserve requirements.
  4. Total vault cash eligible to satisfy reserve requirements, held by institutions not exempt from reserve requirements, minus the amount used to satisfy reserve requirements.
  5. Equals total balances maintained plus currency in circulation.
  6. Effective February 18, 2014, omits balances held by designated financial market utilities. These balances are reported in the H.4.1 statistical release.
  7. Prorated averages of biweekly averages.
  8. Averages of daily figures.

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Table 3
Not seasonally adjusted. Millions of dollars.
Date Borrowings from the Federal Reserve Nonborrowed
reserves 2
Total Primary Secondary Seasonal Term Asset-Backed
Securities Loan
Facility 1		 Other credit
extensions
Month 3
Jan. 2014 127 9 0 22 97 0 2,556,273
Feb. 2014 104 4 0 5 96 0 2,650,023
Mar. 2014 105 8 0 7 90 0 2,676,596
Apr. 2014 117 18 0 17 82 0 2,714,784
May 2014 139 12 0 47 80 0 2,688,244
June 2014 179 17 0 102 60 0 2,722,088
July 2014 231 11 0 174 45 0 2,758,793
Aug. 2014 278 15 0 229 34 0 2,841,761
Sept. 2014 300 18 0 253 29 0 2,814,187
Oct. 2014 221 8 0 200 13 0 2,760,096
Nov. 2014 130 12 0 119 0 0 2,574,969
Dec. 2014 102 22 0 80 0 0 2,665,835
Jan. 2015 66 48 0 18 0 0 2,745,518
               
Two weeks ending 4
Dec. 10, 2014 103 8 0 95 0 0 2,499,341
Dec. 24, 2014 104 20 0 84 0 0 2,793,544
Jan. 7, 2015 97 46 0 51 0 0 2,648,266
Jan. 21, 2015 66 57 0 10 0 0 2,798,805
Feb. 4, 2015 45 38 0 7 0 0 2,738,994

Footnotes

  1. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
  2. Equals total reserves (table 2, column 1) less total borrowings from the Federal Reserve.
  3. Prorated averages of biweekly averages.
  4. Averages of daily figures.