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: January 12, 2017

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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
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
Oct. 2016 105,688 116,270 95,108 2,095,127 116,011 1,979,116
Nov. 2016 107,345 118,091 96,599 2,140,315 117,875 2,022,440
Dec. 2016 105,944 116,551 95,338 2,031,007 116,285 1,914,722
             
Two weeks ending 8
Nov. 9, 2016 109,711 120,695 98,729 2,141,829 120,401 2,021,428
Nov. 23, 2016 104,368 114,816 93,920 2,149,334 114,648 2,034,686
Dec. 7, 2016 110,255 121,293 99,218 2,120,332 121,082 1,999,250
Dec. 21, 2016 101,358 111,506 91,211 2,080,653 111,264 1,969,389
Jan. 4, 2017 109,347 120,294 98,401 1,898,976 119,956 1,779,020

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
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 9,781 3,772,503 2,309,659 1,462,844
Aug. 2016 2,413,530 164,182 71,704 61,232 10,472 3,816,619 2,352,298 1,464,322
Sept. 2016 2,325,108 167,612 70,177 59,787 10,390 3,735,753 2,265,320 1,470,432
Oct. 2016 2,156,060 166,622 71,117 60,933 10,184 3,571,990 2,095,127 1,476,863
Nov. 2016 2,201,670 168,699 71,131 61,355 9,776 3,629,728 2,140,315 1,489,413
Dec. 2016 2,095,286 170,224 74,752 64,280 10,472 3,531,583 2,031,007 1,500,576
                 
Two weeks ending 8
Nov. 9, 2016 2,203,028 170,910 70,191 61,199 8,992 3,624,614 2,141,829 1,482,785
Nov. 23, 2016 2,210,493 165,527 71,578 61,159 10,419 3,640,370 2,149,334 1,491,037
Dec. 7, 2016 2,182,279 172,202 71,446 61,947 9,499 3,615,020 2,120,332 1,494,688
Dec. 21, 2016 2,144,517 165,222 75,367 63,864 11,503 3,579,064 2,080,653 1,498,412
Jan. 4, 2017 1,965,470 175,841 76,204 66,494 9,710 3,406,704 1,898,976 1,507,729

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
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
Oct. 2016 125 5 0 119 0 2,155,936
Nov. 2016 39 8 0 30 0 2,201,631
Dec. 2016 39 13 0 25 0 2,095,247
             
Two weeks ending 3
Nov. 9, 2016 43 3 0 40 0 2,202,985
Nov. 23, 2016 38 11 0 26 0 2,210,455
Dec. 7, 2016 38 11 0 26 0 2,182,241
Dec. 21, 2016 33 7 0 26 0 2,144,484
Jan. 4, 2017 49 25 1 24 0 1,965,421

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: January 12, 2017