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 13, 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
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
July 2016 102,003 112,218 91,790 2,309,659 111,795 2,197,864
Aug. 2016 102,950 113,258 92,643 2,352,298 112,997 2,239,301
Sept. 2016 107,825 118,620 97,031 2,265,320 118,285 2,147,036
             
Two weeks ending 8
Aug. 17, 2016 95,879 105,479 86,279 2,361,885 105,239 2,256,646
Aug. 31, 2016 108,628 119,504 97,753 2,348,049 119,278 2,228,771
Sept. 14, 2016 101,165 111,295 91,038 2,371,150 110,946 2,260,204
Sept. 28, 2016 115,419 126,973 103,865 2,188,130 126,647 2,061,483
Oct. 12, 2016 101,283 111,424 91,142 2,064,851 111,121 1,953,730

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. 2015 2,701,278 149,298 67,105 57,321 9,784 4,028,486 2,643,958 1,384,529
Oct. 2015 2,725,944 147,389 68,247 57,751 10,496 4,060,469 2,668,193 1,392,276
Nov. 2015 2,660,341 147,809 68,036 58,237 9,800 4,006,725 2,602,104 1,404,621
Dec. 2015 2,481,187 150,727 71,616 61,413 10,203 3,835,810 2,419,774 1,416,036
Jan. 2016 2,440,011 160,411 73,414 63,904 9,510 3,792,723 2,376,108 1,416,615
Feb. 2016 2,510,850 152,731 73,533 62,053 11,480 3,872,483 2,448,797 1,423,686
Mar. 2016 2,519,685 152,090 69,786 59,303 10,483 3,898,431 2,460,382 1,438,049
Apr. 2016 2,487,012 156,515 69,551 59,274 10,277 3,872,940 2,427,737 1,445,202
May 2016 2,443,789 160,850 69,210 59,699 9,510 3,836,529 2,384,089 1,452,439
June 2016 2,427,479 160,129 69,873 60,455 9,419 3,825,451 2,367,024 1,458,426
July 2016 2,371,183 163,527 71,305 61,524 9,782 3,772,503 2,309,659 1,462,844
Aug. 2016 2,413,530 164,182 71,706 61,232 10,474 3,816,619 2,352,298 1,464,322
Sept. 2016 2,325,108 167,612 70,179 59,787 10,392 3,735,753 2,265,320 1,470,432
                 
Two weeks ending 8
Aug. 17, 2016 2,422,427 156,421 73,145 60,542 12,603 3,826,404 2,361,885 1,464,519
Aug. 31, 2016 2,409,607 170,186 70,311 61,558 8,753 3,812,648 2,348,049 1,464,599
Sept. 14, 2016 2,429,342 159,357 70,188 58,192 11,996 3,842,993 2,371,150 1,471,843
Sept. 28, 2016 2,249,393 176,682 69,897 61,263 8,634 3,656,518 2,188,130 1,468,388
Oct. 12, 2016 2,125,472 161,904 72,094 60,621 11,473 3,539,716 2,064,851 1,474,865

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
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
July 2016 204 37 0 167 0 2,370,978
Aug. 2016 207 6 0 201 0 2,413,323
Sept. 2016 206 12 0 195 0 2,324,901
             
Two weeks ending 3
Aug. 17, 2016 200 4 0 196 0 2,422,227
Aug. 31, 2016 213 5 0 208 0 2,409,394
Sept. 14, 2016 187 5 0 182 0 2,429,156
Sept. 28, 2016 230 20 0 210 0 2,249,163
Oct. 12, 2016 183 6 0 177 0 2,125,289

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: October 13, 2016