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: July 7, 2016

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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
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
Mar. 2016 92,787 102,081 83,495 2,460,382 101,702 2,358,680
Apr. 2016 97,241 106,979 87,504 2,427,737 106,587 2,321,150
May 2016 101,151 111,280 91,024 2,384,089 110,769 2,273,320
June 2016 99,675 109,656 89,696 2,367,024 109,284 2,257,741
             
Two weeks ending 8
May 11, 2016 98,565 108,436 88,696 2,381,340 107,799 2,273,541
May 25, 2016 102,555 112,824 92,288 2,374,376 112,382 2,261,994
June 8, 2016 102,614 112,889 92,341 2,411,796 112,451 2,299,345
June 22, 2016 98,007 107,822 88,195 2,405,525 107,414 2,298,111
July 6, 2016 99,654 109,633 89,676 2,254,877 109,389 2,145,488

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
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 4,060,469 2,668,193 1,392,276
Nov. 2015 2,660,341 147,809 68,248 58,237 10,011 4,006,725 2,602,104 1,404,621
Dec. 2015 2,481,187 150,727 71,813 61,413 10,400 3,835,810 2,419,774 1,416,036
Jan. 2016 2,440,011 160,411 73,496 63,904 9,593 3,792,723 2,376,108 1,416,615
Feb. 2016 2,510,850 152,731 73,561 62,053 11,508 3,872,495 2,448,797 1,423,698
Mar. 2016 2,519,685 152,090 69,816 59,303 10,513 3,898,447 2,460,382 1,438,065
Apr. 2016 2,487,012 156,515 69,545 59,274 10,270 3,872,928 2,427,737 1,445,191
May 2016 2,443,789 160,850 69,204 59,699 9,505 3,836,480 2,384,089 1,452,390
June 2016 2,427,479 160,129 69,871 60,455 9,417 3,825,373 2,367,024 1,458,349
                 
Two weeks ending 8
May 11, 2016 2,440,916 158,141 69,733 59,576 10,157 3,831,433 2,381,340 1,450,093
May 25, 2016 2,434,246 162,425 69,068 59,870 9,198 3,826,184 2,374,376 1,451,809
June 8, 2016 2,471,324 162,142 68,554 59,528 9,026 3,869,756 2,411,796 1,457,960
June 22, 2016 2,465,188 157,670 69,434 59,663 9,771 3,861,892 2,405,525 1,456,367
July 6, 2016 2,317,644 162,421 71,954 62,767 9,187 3,717,084 2,254,877 1,462,207

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
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
Mar. 2016 21 9 0 13 0 2,519,664
Apr. 2016 63 20 0 42 0 2,486,949
May 2016 79 10 0 69 0 2,443,710
June 2016 130 25 0 105 0 2,427,350
             
Two weeks ending 3
May 11, 2016 71 17 0 54 0 2,440,845
May 25, 2016 81 7 0 73 0 2,434,165
June 8, 2016 89 4 0 86 0 2,471,235
June 22, 2016 126 24 0 102 0 2,465,063
July 6, 2016 177 48 0 130 0 2,317,467

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: July 07, 2016