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Release Date: June 29, 2006
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FEDERAL RESERVE STATISTICAL RELEASE
H.3 (502)
Table 1 For Release at 4:30 p.m. Eastern Time
June 29, 2006
AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE
Adjusted for changes in reserve requirements(1)
Seasonally adjusted unless noted otherwise
Millions of dollars
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Reserves of depository institutions Borrowings of depository institutions from
the Federal Reserve, NSA
-------------------------------------------------- --------------------------------------------------
Date total(2) non- required excess Monetary total primary secondary seasonal
borrowed(3) NSA(4) base(5)
--------------------------------------------------------------------------------------------------------------------------------------------
Month(6)
2005-May 45949 45810 44416 1534 768389 139 6 0 133
June 46425 46176 44649 1776 771184 249 85 0 164
July 45792 45368 44057 1736 772686 425 176 12 237
Aug. 44683 44321 43060 1623 774833 362 63 3 297
Sep. 45697 45365 43653 2044 778203 332 12 5 315
Oct. 44943 44660 43046 1897 780199 284 35 29 220
Nov. 44775 44649 42980 1796 783505 126 20 0 106
Dec. 44809 44641 42861 1949 786588 169 97 0 72
2006-Jan. 44129 44019 42689 1440 792075 110 78 0 32
Feb. 44193 44141 42639 1555 796597 53 21 2 30
Mar. 43700 43531 42202 1498 799039 169 119 0 50
Apr. 44582 44334 42766 1816 801960 248 164 0 84
May 45001 44826 43206 1795 806507 175 24 0 151
2 weeks ending(7)
2006-Apr. 26 44151 44048 42685 1466 801744 103 16 0 87
May 10 46890 46734 44731 2158 806619 156 33 0 124
24 43952 43781 42521 1431 806251 171 21 0 151
June 7 44400 44191 42397 2003 806857 209 19 0 191
21p 45769 45520 44139 1630 805405 250 15 0 235
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1. Reserves and monetary base figures incorporate adjustments for discontinuities, or "breaks", associated with regulatory changes in reserve
requirements. (For more information, see Table 3).
2. Seasonally adjusted, break-adjusted total reserves equal seasonally adjusted, break-adjusted required reserves plus unadjusted excess
reserves. (Also, see footnote 2 on Table 2 and footnote 2 on Table 3.)
3. Seasonally adjusted, break-adjusted nonborrowed reserves equal seasonally adjusted, break-adjusted total reserves less unadjusted total
borrowings of depository institutions from the Federal Reserve.
4. Excess reserves NSA equals unadjusted total reserves (Table 2, column 1) less adjusted required reserves (Table 2, column 3).
5. The seasonally adjusted, break-adjusted monetary base consists of (1) seasonally adjusted, break-adjusted total reserves plus (2)
the seasonally adjusted currency component of the money stock plus (3), for all quarterly reporters on the "Report of Transaction
Accounts, Other Deposits and Vault Cash" and for all those weekly reporters whose vault cash exceeds their required reserves, the
seasonally adjusted, break-adjusted difference between current vault cash and the amount applied to satisfy current reserve requirements.
(Also see footnote 3 on Table 2 and footnote 4 on Table 3.)
6. Prorated averages of biweekly averages.
7. Averages of daily figures.
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H.3 (502)
Table 2
AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE
Not adjusted for changes in reserve requirements(1)
Not seasonally adjusted
Millions of dollars
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Reserves of depository institutions Vault cash(5)
-------------------------------------- --------------------------------------
Reserve used to Net carryover
Date total(2) nonborrowed required Monetary balances total satisfy surplus(7) of reserve
base(3) with F.R. required balances(8)
Banks(4) reserves(6)
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Month(9)
2005-May 46474 46335 44941 775653 12015 45628 34460 11169
June 46096 45847 44320 779530 11220 46280 34876 11404
July 46468 46043 44733 782494 10851 47278 35617 11662
Aug. 44862 44499 43238 782660 10346 48159 34516 13643
Sep. 45612 45280 43568 785659 11140 47282 34472 12809
Oct. 44113 43830 42216 786531 9630 49515 34483 15032
Nov. 43997 43871 42201 792310 9500 49202 34497 14705
Dec. 44909 44740 42960 801800 9541 51302 35368 15934
2006-Jan. 47287 47177 45846 804402 10382 52040 36904 15136
Feb. 44693 44641 43139 804464 9450 53260 35243 18017
Mar. 42751 42582 41253 806149 9113 49587 33638 15949
Apr. 44708 44460 42892 808398 10258 48360 34450 13910
May 45404 45230 43609 811915 10660 48283 34745 13538
2 weeks ending(10)
2006-Apr. 26 47467 47364 46001 809173 10947 48259 36520 11739 252
May 10 45670 45514 43512 809948 10883 47772 34788 12985 66
24 45752 45581 44320 811959 10629 48877 35123 13754 269
June 7 44331 44122 42328 814636 10402 47826 33929 13897 160
21p 44447 44198 42817 811110 9631 48535 34816 13719 181
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1. Reflects actual required reserves, with no adjustments to eliminate the effects of discontinuities, or "breaks", associated with
regulatory changes in reserve requirements.
2. Reserve balances with Federal Reserve Banks plus vault cash used to satisfy reserve requirements.
3. The monetary base, not break-adjusted and not seasonally adjusted, consists of (1) total reserves plus (2) required clearing balances
and adjustments to compensate for float at Federal Reserve Banks plus (3) the currency component of the money stock plus (4), for all
quarterly reporters on the "Report of Transaction Accounts, Other Deposits and Vault Cash" and for all those weekly reporters whose
vault cash exceeds their required reserves, the difference between current vault cash and the amount applied to satisfy current reserve
requirements. Currency and vault cash figures are measured over computation periods ending on Mondays.
4. Excludes required clearing balances and adjustments to compensate for float and includes other off-balance sheet "as-of" adjustments.
5. Vault cash eligible to satisfy reserve requirements. It includes only vault cash held by those banks and thrifts that are not exempt
from reserve requirements. Dates refer to the maintenance periods in which the vault cash can be used to satisfy reserve requirements.
6. All vault cash held during the lagged computation period by "bound" institutions (i.e., those whose required reserves exceed their vault
cash) plus the amount of vault cash applied during the maintenance period by "nonbound" institutions (i.e., those whose vault cash
exceeds their required reserves) to satisfy current reserve requirements.
7. Total vault cash eligible to satisfy reserve requirements, held by depository institutions not exempt from reserve requirements, minus the
amount used to satisfy reserve requirements.
8. Consists of carryover only at depository institutions maintaining reserves on the basis of two-week maintenance periods. Reflects excess (+)
or deficit (-) reserves eligible to be carried forward into the two-week reserve maintenance period ending on the date shown.
9. Prorated averages of biweekly averages.
10. Averages of daily figures.
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H.3 (502)
Table 3
AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE
Adjusted for changes in reserve requirements(1)
Not seasonally adjusted
Millions of dollars
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Reserves of depository institutions
---------------------------------------
Date total(2) nonborrowed required(3) Monetary base(4)
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Month(5)
2005-May 46360 46221 44826 766893
June 45968 45720 44192 770864
July 46310 45885 44574 773642
Aug. 44661 44298 43038 773624
Sep. 45398 45066 43354 776936
Oct. 43870 43586 41973 777640
Nov. 43711 43585 41915 783314
Dec. 44666 44497 42717 792872
2006-Jan. 47215 47105 45774 795325
Feb. 44707 44654 43152 796205
Mar. 42772 42603 41274 798123
Apr. 44733 44485 42917 800874
May 45429 45254 43634 804725
2 weeks ending(6)
2006-Apr. 26 47491 47388 46025 801575
May 10 45691 45535 43533 803258
24 45776 45605 44345 804602
June 7 44359 44150 42355 807067
21p 44477 44227 42847 803803
1. Figures reflect adjustments for discontinuities, or "breaks", associated with
regulatory changes in reserve requirements.
2. Break-adjusted total reserves equal break-adjusted required reserves (Table 3,
column 3) plus excess reserves NSA (Table 1, column 5).
3. To adjust required reserves for discontinuities due to regulatory changes in
in reserve requirements, a multiplicative procedure is used to estimate what
required reserves would have been in past periods had current reserve
requirements been in effect. Break-adjusted required reserves are equal to
break-adjusted required reserves against transactions deposits.
4. The break-adjusted monetary base equals (1) break-adjusted total reserves plus
(2) the (unadjusted) currency component of the money stock plus (3), for all
quarterly reporters on the "Report of Transaction Accounts, Other Deposits and
Vault Cash" and for all those weekly reporters whose vault cash exceeds their
required reserves, the break-adjusted difference between current vault cash and
the amount applied to satisfy current reserve requirements.
5. Prorated averages of biweekly averages.
6. Averages of daily figures.
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Note: Current and historical H.3 data are available each week on the Federal Reserve
Board's web site (http://www.federalreserve.gov/). Monthly data are available
back to January 1959, and weekly data are available back to January 1975 for most
series. For information about individual copies or subscriptions, contact
Publications Services at the Federal Reserve Board (phone 202-452-3245,
fax 202-728-5886). For paid electronic access to current and historical data,
call STAT-USA at 1-800-782-8872 or 202-482-1986.
Release dates |
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About
Current release Other formats:
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