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: April 10, 2014

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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
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    
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    
                 
Two weeks ending 8
Feb. 5, 2014 79,812 87,808 71,817 2,530,737 87,578 2,443,159 0.25 0.25
Feb. 19, 2014 70,464 77,525 63,403 2,603,011 77,361 2,525,650 0.25 0.25
Mar. 5, 2014 86,600 95,275 77,926 2,614,753 95,008 2,519,745 0.25 0.25
Mar. 19, 2014 74,301 81,747 66,857 2,648,457 81,542 2,566,915 0.25 0.25
Apr. 2, 2014 79,949 87,958 71,939 2,596,805 87,769 2,509,036 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
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 61,759 51,737 10,022 3,011,737 1,832,952 1,178,785
May 2013 1,981,984 118,637 61,270 51,262 10,008 3,116,932 1,930,723 1,186,209
June 2013 2,062,906 115,969 62,087 52,302 9,785 3,201,472 2,010,604 1,190,869
July 2013 2,147,706 116,777 62,841 53,481 9,360 3,290,898 2,094,225 1,196,673
Aug. 2013 2,252,631 118,764 63,117 53,575 9,542 3,398,930 2,199,056 1,199,875
Sept. 2013 2,333,851 119,978 62,342 52,771 9,571 3,486,917 2,281,080 1,205,837
Oct. 2013 2,427,797 119,552 63,116 52,839 10,277 3,589,503 2,374,958 1,214,545
Nov. 2013 2,517,052 124,522 64,272 54,040 10,233 3,684,554 2,463,012 1,221,541
Dec. 2013 2,541,019 124,800 66,268 55,771 10,497 3,717,466 2,485,248 1,232,219
Jan. 2014 2,556,400 134,149 67,925 58,248 9,678 3,728,498 2,498,153 1,230,346
Feb. 2014 2,650,127 133,568 66,993 56,248 10,745 3,833,340 2,593,879 1,239,461
Mar. 2014 2,676,700 132,145 64,091 53,674 10,417 3,885,850 2,623,027 1,262,823
                 
Two weeks ending 8
Feb. 5, 2014 2,592,105 141,180 70,685 61,368 9,317 3,757,478 2,530,737 1,226,741
Feb. 19, 2014 2,658,126 125,579 67,464 55,115 12,349 3,839,555 2,603,011 1,236,544
Mar. 5, 2014 2,669,919 141,766 64,211 55,166 9,045 3,865,818 2,614,753 1,251,065
Mar. 19, 2014 2,699,552 125,396 62,869 51,095 11,774 3,911,074 2,648,457 1,262,617
Apr. 2, 2014 2,652,866 136,010 65,469 56,061 9,408 3,864,769 2,596,805 1,267,964

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
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
Feb. 2014 104 4 0 5 96 0 2,650,023
Mar. 2014 105 8 0 7 90 0 2,676,596
               
Two weeks ending 4
Feb. 5, 2014 120 11 0 13 96 0 2,591,986
Feb. 19, 2014 102 2 0 3 96 0 2,658,024
Mar. 5, 2014 100 3 0 3 96 0 2,669,819
Mar. 19, 2014 107 7 0 6 95 0 2,699,445
Apr. 2, 2014 104 10 0 11 83 0 2,652,762

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: April 10, 2014