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 25, 2015

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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
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    
Oct. 2014 85,026 93,544 76,511 2,705,668 93,260 2,612,408    
Nov. 2014 86,424 95,081 77,769 2,519,578 94,838 2,424,740    
Dec. 2014 82,770 91,061 74,481 2,606,700 90,852 2,515,848    
Jan. 2015 90,522 99,589 81,458 2,683,709 99,273 2,584,437    
Feb. 2015 89,118 98,045 80,193 2,496,868 97,853 2,399,015    
Mar. 2015 91,495 100,660 82,333 2,675,202 100,477 2,574,726    
Apr. 2015 92,469 101,729 83,209 2,698,960 101,495 2,597,465    
May 2015 92,358 101,607 83,111 2,584,359 101,248 2,483,111    
                 
Two weeks ending 8
Apr. 29, 2015 99,859 109,858 89,860 2,636,412 109,535 2,526,877 0.25 0.25
May 13, 2015 89,286 98,227 80,346 2,607,360 97,872 2,509,488 0.25 0.25
May 27, 2015 96,352 106,000 86,705 2,572,955 105,662 2,467,293 0.25 0.25
June 10, 2015 88,366 97,216 79,518 2,549,523 96,768 2,452,755 0.25 0.25
June 24, 2015 87,441 96,199 78,685 2,575,814 95,918 2,479,896 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
May 2014 2,688,383 136,110 63,189 53,204 9,985 3,911,525 2,635,180 1,276,345
June 2014 2,722,268 135,357 63,523 53,914 9,609 3,948,691 2,668,354 1,280,337
July 2014 2,759,023 139,609 64,041 55,019 9,022 3,989,076 2,704,004 1,285,072
Aug. 2014 2,842,040 142,072 64,598 55,173 9,426 4,075,024 2,786,867 1,288,157
Sept. 2014 2,814,487 137,095 64,831 55,203 9,628 4,049,181 2,759,284 1,289,897
Oct. 2014 2,760,317 139,675 64,834 54,648 10,186 4,001,440 2,705,668 1,295,772
Nov. 2014 2,575,099 141,945 65,217 55,521 9,697 3,830,428 2,519,578 1,310,850
Dec. 2014 2,665,936 142,006 69,361 59,236 10,125 3,934,491 2,606,700 1,327,791
Jan. 2015 2,745,584 152,397 71,383 61,875 9,508 4,017,059 2,683,709 1,333,350
Feb. 2015 2,556,071 148,320 70,098 59,203 10,895 3,840,359 2,496,868 1,343,491
Mar. 2015 2,732,862 149,155 68,041 57,660 10,381 4,030,569 2,675,202 1,355,366
Apr. 2015 2,756,739 150,248 67,908 57,779 10,129 4,059,338 2,698,960 1,360,378
May 2015 2,641,733 149,733 67,236 57,374 9,862 3,949,307 2,584,359 1,364,948
                 
Two weeks ending 8
Apr. 29, 2015 2,695,394 158,841 67,658 58,982 8,676 3,995,720 2,636,412 1,359,308
May 13, 2015 2,663,782 145,708 67,402 56,422 10,980 3,970,144 2,607,360 1,362,784
May 27, 2015 2,631,584 154,981 67,404 58,629 8,775 3,939,189 2,572,955 1,366,235
June 10, 2015 2,605,600 144,443 66,110 56,077 10,033 3,917,001 2,549,523 1,367,478
June 24, 2015 2,634,487 146,114 68,157 58,673 9,484 3,940,434 2,575,814 1,364,620

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
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
Oct. 2014 221 8 0 200 13 0 2,760,096
Nov. 2014 130 12 0 119 0 0 2,574,969
Dec. 2014 102 22 0 80 0 0 2,665,835
Jan. 2015 66 48 0 18 0 0 2,745,518
Feb. 2015 18 13 0 5 0 0 2,556,053
Mar. 2015 20 11 0 9 0 0 2,732,842
Apr. 2015 52 24 0 28 0 0 2,756,687
May 2015 87 6 0 81 0 0 2,641,646
               
Two weeks ending 4
Apr. 29, 2015 57 23 0 34 0 0 2,695,338
May 13, 2015 70 9 0 62 0 0 2,663,712
May 27, 2015 95 3 0 92 0 0 2,631,489
June 10, 2015 115 10 0 105 0 0 2,605,485
June 24, 2015 163 19 0 144 0 0 2,634,325

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 25, 2015