Release Date: February 6, 2014

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Table 1
Not seasonally adjusted. Millions of dollars unless otherwise noted.
Date Reserve balances required Reserve balances maintained 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 4
Balances
maintained that
exceed the top of
the penalty-
free band 5
Balances
maintained to
satisfy reserve
balance
requirements
Balances
maintained that
exceed the top of
the penalty-
free band
Month 6
Jan. 2013 63,065     1,582,524        
Feb. 2013 63,298     1,680,086        
Mar. 2013 62,205     1,760,359        
Apr. 2013 64,118     1,832,952        
May 2013 67,375     1,930,723        
June 2013 63,667     2,010,604        
July 2013 63,296 69,643 56,953 2,094,225 69,338 2,024,886    
Aug. 2013 65,189 71,724 58,657 2,199,056 71,408 2,127,647    
Sept. 2013 67,208 73,944 60,473 2,281,080 73,695 2,207,385    
Oct. 2013 66,713 73,399 60,028 2,374,958 73,111 2,301,847    
Nov. 2013 70,483 77,546 63,421 2,463,012 77,246 2,385,767    
Dec. 2013 69,029 75,948 62,113 2,485,248 75,714 2,409,534    
Jan. 2014 75,901 83,506 68,298 2,498,153 83,188 2,414,965    
                 
Two weeks ending 7
Dec. 11, 2013 67,562 74,334 60,793 2,508,317 74,095 2,434,222 0.25 0.25
Dec. 25, 2013 69,011 75,929 62,097 2,497,728 75,731 2,421,997 0.25 0.25
Jan. 8, 2014 71,760 78,950 64,571 2,413,836 78,640 2,335,196 0.25 0.25
Jan. 22, 2014 75,753 83,343 68,165 2,525,387 82,964 2,442,423 0.25 0.25
Feb. 5, 2014 79,812 87,808 71,817 2,530,737 87,578 2,443,159 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. Equals the sum of balances maintained up to the top of each institution's penalty-free band.
  5. Equals the sum of balances maintained that exceed the top of each institution's penalty-free band.
  6. Prorated averages of biweekly averages.
  7. 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
Currency in
circulation
Month 6
Jan. 2013 1,636,934 117,475 64,179 54,410 9,769 2,741,743 1,582,524 1,159,218
Feb. 2013 1,733,393 116,605 63,941 53,308 10,633 2,845,251 1,680,086 1,165,166
Mar. 2013 1,811,300 113,146 61,168 50,941 10,227 2,935,036 1,760,359 1,174,677
Apr. 2013 1,884,689 115,855 61,760 51,737 10,023 3,011,737 1,832,952 1,178,785
May 2013 1,981,984 118,637 61,277 51,262 10,016 3,116,932 1,930,723 1,186,209
June 2013 2,062,906 115,969 62,088 52,302 9,786 3,201,472 2,010,604 1,190,869
July 2013 2,147,706 116,777 62,839 53,481 9,358 3,290,898 2,094,225 1,196,673
Aug. 2013 2,252,631 118,764 63,107 53,575 9,531 3,398,930 2,199,056 1,199,875
Sept. 2013 2,333,851 119,978 62,327 52,771 9,557 3,486,917 2,281,080 1,205,837
Oct. 2013 2,427,797 119,552 63,105 52,839 10,266 3,589,503 2,374,958 1,214,545
Nov. 2013 2,517,052 124,522 64,267 54,040 10,227 3,684,554 2,463,012 1,221,541
Dec. 2013 2,541,019 124,800 66,263 55,771 10,492 3,717,466 2,485,248 1,232,219
Jan. 2014 2,556,400 134,149 67,917 58,248 9,669 3,728,498 2,498,153 1,230,346
                 
Two weeks ending 7
Dec. 11, 2013 2,563,016 122,261 65,644 54,699 10,945 3,736,101 2,508,317 1,227,785
Dec. 25, 2013 2,553,462 124,745 66,176 55,734 10,442 3,730,536 2,497,728 1,232,809
Jan. 8, 2014 2,471,658 129,582 67,601 57,822 9,779 3,652,807 2,413,836 1,238,971
Jan. 22, 2014 2,581,872 132,238 66,328 56,485 9,843 3,753,121 2,525,387 1,227,734
Feb. 5, 2014 2,592,105 141,180 70,669 61,368 9,301 3,757,478 2,530,737 1,226,741

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. Prorated averages of biweekly averages.
  7. 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. 2013 565 11 0 7 548 0 1,636,369
Feb. 2013 465 10 0 1 454 0 1,732,928
Mar. 2013 394 8 0 0 386 0 1,810,906
Apr. 2013 401 9 0 11 380 0 1,884,288
May 2013 410 12 0 42 356 0 1,981,574
June 2013 351 19 0 65 267 0 2,062,555
July 2013 359 15 0 109 235 0 2,147,346
Aug. 2013 317 17 0 142 158 0 2,252,314
Sept. 2013 274 21 0 151 102 0 2,333,577
Oct. 2013 238 13 0 124 101 0 2,427,559
Nov. 2013 180 8 0 72 99 0 2,516,872
Dec. 2013 170 13 0 59 98 0 2,540,848
Jan. 2014 127 9 0 22 97 0 2,556,273
               
Two weeks ending 4
Dec. 11, 2013 168 9 0 61 98 0 2,562,848
Dec. 25, 2013 181 17 0 67 98 0 2,553,281
Jan. 8, 2014 152 15 0 40 97 0 2,471,507
Jan. 22, 2014 119 5 0 17 97 0 2,581,753
Feb. 5, 2014 120 11 0 13 96 0 2,591,985

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.