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: June 5, 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
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    
Apr. 2014 80,203 88,238 72,169 2,660,368 88,014 2,572,354    
                 
Two weeks ending 8
Apr. 2, 2014 79,949 87,958 71,939 2,596,805 87,769 2,509,036 0.25 0.25
Apr. 16, 2014 73,283 80,626 65,942 2,704,543 80,483 2,624,060 0.25 0.25
Apr. 30, 2014 87,159 95,890 78,429 2,625,275 95,581 2,529,694 0.25 0.25
May 14, 2014 77,430 85,189 69,675 2,614,229 84,848 2,529,381 0.25 0.25
May 28, 2014 89,083 98,007 80,162 2,643,464 97,654 2,545,810 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
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 67,927 58,248 9,679 3,728,498 2,498,153 1,230,346
Feb. 2014 2,650,127 133,568 66,996 56,248 10,748 3,833,340 2,593,879 1,239,461
Mar. 2014 2,676,700 132,145 64,094 53,674 10,420 3,885,850 2,623,027 1,262,823
Apr. 2014 2,714,901 134,735 64,859 54,532 10,327 3,930,662 2,660,368 1,270,294
                 
Two weeks ending 8
Apr. 2, 2014 2,652,866 136,010 65,472 56,061 9,411 3,864,769 2,596,805 1,267,964
Apr. 16, 2014 2,757,431 126,171 64,781 52,888 11,893 3,975,096 2,704,543 1,270,553
Apr. 30, 2014 2,681,233 143,117 64,850 55,958 8,892 3,895,643 2,625,275 1,270,368
May 14, 2014 2,666,080 129,281 63,211 51,851 11,360 3,888,155 2,614,229 1,273,926
May 28, 2014 2,698,249 143,868 63,187 54,785 8,402 3,921,404 2,643,464 1,277,940

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
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
Apr. 2014 117 18 0 17 82 0 2,714,784
               
Two weeks ending 4
Apr. 2, 2014 104 10 0 11 83 0 2,652,762
Apr. 16, 2014 101 3 0 16 82 0 2,757,330
Apr. 30, 2014 135 35 0 19 82 0 2,681,099
May 14, 2014 130 9 0 40 81 0 2,665,950
May 28, 2014 143 15 0 49 80 0 2,698,106

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: June 5, 2014