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 16, 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
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    
May 2014 82,906 91,213 74,603 2,635,180 90,873 2,544,306    
June 2014 81,443 89,603 73,285 2,668,354 89,357 2,578,997    
July 2014 84,590 93,064 76,117 2,704,004 92,840 2,611,164    
Aug. 2014 86,899 95,605 78,196 2,786,867 95,348 2,691,520    
Sept. 2014 81,892 90,096 73,690 2,759,284 89,839 2,669,445    
                 
Two weeks ending 8
Aug. 20, 2014 81,975 90,188 73,765 2,788,483 89,865 2,698,618 0.25 0.25
Sept. 3, 2014 92,526 101,794 83,259 2,778,102 101,617 2,676,485 0.25 0.25
Sept. 17, 2014 75,091 82,615 67,569 2,792,521 82,321 2,710,200 0.25 0.25
Oct. 1, 2014 86,763 95,453 78,073 2,719,149 95,218 2,623,931 0.25 0.25
Oct. 15, 2014 77,836 85,635 70,040 2,771,319 85,364 2,685,955 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
Sept. 2013 2,333,851 119,978 62,343 52,771 9,572 3,486,920 2,281,080 1,205,840
Oct. 2013 2,427,797 119,552 63,117 52,839 10,278 3,589,515 2,374,958 1,214,557
Nov. 2013 2,517,052 124,522 64,272 54,040 10,232 3,684,563 2,463,012 1,221,551
Dec. 2013 2,541,019 124,800 66,276 55,771 10,505 3,717,450 2,485,248 1,232,202
Jan. 2014 2,556,400 134,149 67,941 58,248 9,693 3,728,483 2,498,153 1,230,330
Feb. 2014 2,650,127 133,568 67,026 56,248 10,778 3,833,354 2,593,879 1,239,476
Mar. 2014 2,676,700 132,145 64,132 53,674 10,458 3,885,877 2,623,027 1,262,851
Apr. 2014 2,714,901 134,735 64,916 54,532 10,384 3,930,681 2,660,368 1,270,313
May 2014 2,688,383 136,110 63,178 53,204 9,975 3,911,525 2,635,180 1,276,345
June 2014 2,722,268 135,357 63,510 53,914 9,596 3,948,691 2,668,354 1,280,337
July 2014 2,759,023 139,609 64,029 55,019 9,010 3,989,076 2,704,004 1,285,072
Aug. 2014 2,842,039 142,071 64,559 55,172 9,387 4,075,024 2,786,867 1,288,157
Sept. 2014 2,814,487 137,095 64,818 55,203 9,615 4,049,182 2,759,284 1,289,898
                 
Two weeks ending 8
Aug. 20, 2014 2,843,165 136,657 65,305 54,682 10,623 4,076,164 2,788,483 1,287,681
Sept. 3, 2014 2,833,372 147,796 63,447 55,270 8,177 4,068,379 2,778,102 1,290,277
Sept. 17, 2014 2,846,028 128,598 64,512 53,507 11,005 4,083,442 2,792,521 1,290,921
Oct. 1, 2014 2,776,162 143,776 65,464 57,013 8,451 4,007,857 2,719,149 1,288,708
Oct. 15, 2014 2,825,291 131,808 65,853 53,972 11,881 4,065,038 2,771,319 1,293,719

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
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
May 2014 139 12 0 47 80 0 2,688,244
June 2014 179 17 0 102 60 0 2,722,088
July 2014 231 11 0 174 45 0 2,758,793
Aug. 2014 278 15 0 229 34 0 2,841,761
Sept. 2014 300 18 0 253 29 0 2,814,187
               
Two weeks ending 4
Aug. 20, 2014 273 8 0 232 34 0 2,842,892
Sept. 3, 2014 296 21 0 241 34 0 2,833,076
Sept. 17, 2014 297 7 0 256 34 0 2,845,731
Oct. 1, 2014 305 29 0 253 23 0 2,775,857
Oct. 15, 2014 228 5 0 209 14 0 2,825,063

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 16, 2014