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: November 14, 2013

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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
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    
Oct. 2013 66,713 73,399 60,028 2,374,958 73,111 2,301,847    
             
Two weeks ending 7
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
Oct. 16, 2013 59,171 65,103 53,241 2,365,167 64,806 2,300,361 0.25 0.25
Oct. 30, 2013 73,384 80,737 66,031 2,391,182 80,456 2,310,726 0.25 0.25
Nov. 13, 2013 66,278 72,921 59,637 2,444,851 72,577 2,372,274 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
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 62,839 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 3,589,497 2,374,958 1,214,539
                 
Two weeks ending 7
Sept. 18, 2013 2,330,649 112,213 61,920 51,042 10,878 3,485,902 2,279,607 1,206,295
Oct. 2, 2013 2,349,673 127,724 63,109 54,692 8,417 3,500,867 2,294,981 1,205,886
Oct. 16, 2013 2,417,406 111,410 64,159 52,239 11,920 3,578,562 2,365,167 1,213,395
Oct. 30, 2013 2,444,466 126,668 62,083 53,284 8,799 3,607,678 2,391,182 1,216,496
Nov. 13, 2013 2,496,159 117,586 62,658 51,308 11,350 3,665,313 2,444,851 1,220,462

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
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 2,333,577
Oct. 2013 238 13 0 124 101 0 2,427,559
               
Two weeks ending 4
Sept. 18, 2013 280 24 0 154 102 0 2,330,370
Oct. 2, 2013 267 18 0 148 101 0 2,349,407
Oct. 16, 2013 237 9 0 129 101 0 2,417,169
Oct. 30, 2013 238 18 0 120 100 0 2,444,228
Nov. 13, 2013 190 10 1 80 100 0 2,495,969

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: November 14, 2013