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: December 24, 2015

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Table 1
Not seasonally adjusted. Millions of dollars unless otherwise noted.
Date Reserve balances required Reserve balances maintained 4
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
Month 7
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
June 2015 87,882 96,684 79,082 2,553,138 96,362 2,456,776
July 2015 91,834 101,030 82,638 2,590,841 100,727 2,490,114
Aug. 2015 96,142 105,770 86,517 2,608,263 105,413 2,502,851
Sept. 2015 91,977 101,188 82,767 2,643,958 100,898 2,543,060
Oct. 2015 89,638 98,615 80,662 2,668,193 98,332 2,569,860
Nov. 2015 89,572 98,545 80,603 2,602,104 98,290 2,503,815
             
Two weeks ending 8
Oct. 28, 2015 96,618 106,293 86,944 2,675,534 105,940 2,569,594
Nov. 11, 2015 86,711 95,397 78,028 2,649,271 95,140 2,554,131
Nov. 25, 2015 90,502 99,567 81,440 2,593,873 99,320 2,494,553
Dec. 9, 2015 93,265 102,606 83,926 2,521,386 102,333 2,419,053
Dec. 23, 2015 86,444 95,102 77,787 2,472,068 94,825 2,377,243

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
Nov. 2014 2,575,099 141,945 65,218 55,521 9,697 3,830,424 2,519,578 1,310,846
Dec. 2014 2,665,937 142,007 69,361 59,236 10,125 3,934,455 2,606,700 1,327,755
Jan. 2015 2,745,584 152,397 71,385 61,875 9,510 4,017,103 2,683,709 1,333,394
Feb. 2015 2,556,071 148,321 70,102 59,204 10,898 3,840,464 2,496,868 1,343,596
Mar. 2015 2,732,863 149,155 68,045 57,660 10,385 4,030,632 2,675,202 1,355,430
Apr. 2015 2,756,740 150,249 67,909 57,780 10,129 4,059,374 2,698,960 1,360,414
May 2015 2,641,733 149,733 67,247 57,374 9,873 3,949,372 2,584,359 1,365,013
June 2015 2,611,129 145,873 67,723 57,990 9,733 3,919,648 2,553,138 1,366,510
July 2015 2,649,299 150,292 67,866 58,458 9,408 3,961,187 2,590,841 1,370,346
Aug. 2015 2,666,058 153,937 67,132 57,795 9,338 3,983,943 2,608,263 1,375,680
Sept. 2015 2,701,278 149,298 67,346 57,321 10,026 4,028,420 2,643,958 1,384,462
Oct. 2015 2,725,944 147,389 68,487 57,751 10,736 4,060,437 2,668,193 1,392,244
Nov. 2015 2,660,341 147,809 68,242 58,237 10,005 4,006,675 2,602,104 1,404,570
                 
Two weeks ending 8
Oct. 28, 2015 2,734,406 155,490 67,877 58,872 9,005 4,067,586 2,675,534 1,392,052
Nov. 11, 2015 2,705,955 143,395 67,736 56,684 11,052 4,049,390 2,649,271 1,400,119
Nov. 25, 2015 2,652,719 149,348 68,325 58,846 9,479 3,999,625 2,593,873 1,405,752
Dec. 9, 2015 2,581,333 153,212 69,123 59,947 9,176 3,932,441 2,521,386 1,411,056
Dec. 23, 2015 2,533,274 147,650 72,560 61,206 11,354 3,886,716 2,472,068 1,414,648

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 1
Total Primary Secondary Seasonal Other credit
extensions
Month 2
Nov. 2014 130 12 0 119 0 2,574,968
Dec. 2014 102 22 0 80 0 2,665,835
Jan. 2015 66 48 0 18 0 2,745,518
Feb. 2015 18 13 0 5 0 2,556,053
Mar. 2015 20 11 0 9 0 2,732,843
Apr. 2015 52 24 0 28 0 2,756,688
May 2015 87 6 0 81 0 2,641,646
June 2015 150 14 0 135 0 2,610,979
July 2015 186 6 0 179 0 2,649,113
Aug. 2015 235 14 0 221 0 2,665,823
Sept. 2015 256 9 0 246 0 2,701,023
Oct. 2015 194 6 0 188 0 2,725,750
Nov. 2015 115 9 0 106 0 2,660,226
             
Two weeks ending 3
Oct. 28, 2015 187 4 0 183 0 2,734,220
Nov. 11, 2015 134 4 0 130 0 2,705,821
Nov. 25, 2015 113 17 0 96 0 2,652,606
Dec. 9, 2015 82 3 0 79 0 2,581,251
Dec. 23, 2015 85 19 0 67 0 2,533,189

Footnotes

  1. Equals total reserves (table 2, column 1) less total borrowings from the Federal Reserve.
  2. Prorated averages of biweekly averages.
  3. Averages of daily figures.
Last update: December 24, 2015