Board of Governors of the Federal Reserve System

Aggregate Reserves of Depository Institutions and the Monetary Base - H.3

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Current Release (42 KB PDF)

Release Date: October 10, 2013
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
Sept. 2012 59,239     1,468,681        
Oct. 2012 58,454     1,476,730        
Nov. 2012 62,203     1,497,506        
Dec. 2012 58,673     1,517,425        
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    
             
Two weeks ending 7
Aug 7, 2013 64,257 70,699 57,818 2,162,982 70,393 2,092,589 0.25 0.25
Aug 21, 2013 61,601 67,777 55,428 2,184,608 67,367 2,117,241 0.25 0.25
Sept 4, 2013 70,864 77,966 63,765 2,244,534 77,777 2,166,757 0.25 0.25
Sept 18, 2013 61,171 67,303 55,040 2,279,607 67,044 2,212,563 0.25 0.25
Oct 2, 2013 73,032 80,350 65,715 2,294,981 80,094 2,214,887 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
Sept. 2012 1,517,509 108,066 58,050 48,827 9,223 2,594,909 1,468,681 1,126,228
Oct. 2012 1,525,584 107,309 59,232 48,855 10,377 2,611,775 1,476,730 1,135,045
Nov. 2012 1,546,110 110,806 59,134 48,604 10,530 2,646,809 1,497,506 1,149,303
Dec. 2012 1,570,384 111,632 63,846 52,959 10,887 2,675,945 1,517,425 1,158,520
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 62,838 53,481 9,357 3,290,898 2,094,225 1,196,673
Aug. 2013 2,252,631 118,764 63,105 53,575 9,529 3,398,930 2,199,056 1,199,875
Sept. 2013 2,333,852 119,979 62,325 52,771 9,554 3,486,915 2,281,080 1,205,834
                 
Two weeks ending 7
Aug 7, 2013 2,217,564 118,839 63,770 54,582 9,188 3,359,591 2,162,982 1,196,609
Aug 21, 2013 2,238,051 115,044 63,986 53,443 10,543 3,383,104 2,184,608 1,198,496
Sept 4, 2013 2,297,590 123,920 61,406 53,056 8,350 3,448,625 2,244,534 1,204,091
Sept 18, 2013 2,330,650 112,214 61,918 51,043 10,875 3,485,902 2,279,607 1,206,295
Oct 2, 2013 2,349,674 127,725 63,107 54,693 8,414 3,500,860 2,294,981 1,205,879

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
Sept. 2012 1,965 62 0 123 1,781 0 1,515,544
Oct. 2012 1,466 17 0 66 1,383 0 1,524,119
Nov. 2012 1,051 9 0 37 1,006 0 1,545,059
Dec. 2012 795 12 0 23 760 0 1,569,589
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 2,333,578
               
Two weeks ending 4
Aug 7, 2013 334 9 0 127 198 0 2,217,230
Aug 21, 2013 340 19 0 143 179 0 2,237,712
Sept 4, 2013 274 19 0 152 102 0 2,297,317
Sept 18, 2013 280 24 0 154 102 0 2,330,371
Oct 2, 2013 267 18 0 148 101 0 2,349,408

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.
Last update: October 10, 2013