Board of Governors of the Federal Reserve System

Aggregate Reserves of Depository Institutions and the Monetary Base - H.3

Skip to Content

Current Release (42 KB PDF)

Release Date: March 24, 2016

Back to top

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
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
Dec. 2015 89,313 98,259 80,370 2,419,774 97,981 2,321,793
Jan. 2016 96,507 106,172 86,843 2,376,108 105,739 2,270,368
Feb. 2016 90,677 99,760 81,596 2,448,797 99,391 2,349,406
             
Two weeks ending 8
Jan. 20, 2016 91,066 100,186 81,946 2,438,334 99,744 2,338,590
Feb. 3, 2016 107,043 117,761 96,325 2,385,362 117,260 2,268,102
Feb. 17, 2016 82,577 90,849 74,306 2,460,094 90,486 2,369,608
Mar. 2, 2016 96,036 105,655 86,419 2,451,477 105,312 2,346,165
Mar. 16, 2016 87,900 96,704 79,096 2,507,703 96,212 2,411,491

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.

Back to top

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
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 3,919,649 2,553,138 1,366,511
July 2015 2,649,299 150,292 67,866 58,458 9,408 3,961,217 2,590,841 1,370,376
Aug. 2015 2,666,058 153,937 67,132 57,795 9,338 3,984,019 2,608,263 1,375,756
Sept. 2015 2,701,278 149,298 67,346 57,321 10,026 4,028,486 2,643,958 1,384,529
Oct. 2015 2,725,944 147,389 68,490 57,751 10,739 4,060,468 2,668,193 1,392,275
Nov. 2015 2,660,341 147,809 68,248 58,237 10,011 4,006,709 2,602,104 1,404,605
Dec. 2015 2,481,187 150,727 71,813 61,413 10,400 3,835,800 2,419,774 1,416,026
Jan. 2016 2,440,011 160,411 73,498 63,904 9,594 3,792,744 2,376,108 1,416,636
Feb. 2016 2,510,850 152,731 73,563 62,053 11,510 3,872,513 2,448,797 1,423,716
                 
Two weeks ending 8
Jan. 20, 2016 2,500,284 153,016 72,292 61,950 10,342 3,854,318 2,438,334 1,415,984
Feb. 3, 2016 2,452,013 173,694 75,023 66,651 8,372 3,798,797 2,385,362 1,413,435
Feb. 17, 2016 2,521,405 143,888 75,021 61,311 13,710 3,880,667 2,460,094 1,420,574
Mar. 2, 2016 2,513,247 157,806 71,498 61,770 9,728 3,881,430 2,451,477 1,429,953
Mar. 16, 2016 2,564,172 144,369 68,296 56,469 11,827 3,944,077 2,507,703 1,436,374

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.

Back to top

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
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
Dec. 2015 106 38 0 67 0 2,481,082
Jan. 2016 77 55 0 22 0 2,439,935
Feb. 2016 34 23 0 10 0 2,510,816
             
Two weeks ending 3
Jan. 20, 2016 54 37 0 16 0 2,500,231
Feb. 3, 2016 57 46 0 11 0 2,451,956
Feb. 17, 2016 37 26 0 10 0 2,521,368
Mar. 2, 2016 26 15 0 11 0 2,513,221
Mar. 16, 2016 14 3 0 11 0 2,564,158

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: March 24, 2016