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

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Release Date: November 16, 2017

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
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
Jan. 2017 110,483 121,546 99,424 2,092,776 121,169 1,971,607
Feb. 2017 108,252 119,092 97,415 2,237,980 118,775 2,119,205
Mar. 2017 108,174 119,005 97,345 2,326,253 118,757 2,207,497
Apr. 2017 113,224 124,561 101,890 2,281,420 124,219 2,157,202
May 2017 115,464 127,023 103,906 2,225,769 126,547 2,099,222
June 2017 118,187 130,018 106,357 2,206,547 129,695 2,076,852
July 2017 120,636 132,712 108,561 2,233,323 132,296 2,101,027
Aug. 2017 120,091 132,113 108,071 2,344,015 131,641 2,212,375
Sept. 2017 122,109 134,332 109,887 2,295,735 133,950 2,161,785
Oct. 2017 116,873 128,574 105,176 2,245,701 128,204 2,117,497
Two weeks ending 8
Sept. 13, 2017 114,052 125,471 102,637 2,362,531 125,136 2,237,395
Sept. 27, 2017 130,996 144,108 117,885 2,252,755 143,647 2,109,108
Oct. 11, 2017 115,545 127,113 103,980 2,206,857 126,887 2,079,970
Oct. 25, 2017 115,556 127,125 103,990 2,262,563 126,717 2,135,846
Nov. 8, 2017 122,382 134,632 110,134 2,277,572 134,090 2,143,482

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.

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
Oct. 2016 2,156,060 166,622 71,123 60,933 10,190 3,572,132 2,095,127 1,477,005
Nov. 2016 2,201,670 168,699 71,126 61,355 9,772 3,629,770 2,140,315 1,489,455
Dec. 2016 2,095,286 170,224 74,750 64,280 10,470 3,531,565 2,031,007 1,500,558
Jan. 2017 2,158,542 176,249 75,792 65,766 10,027 3,595,455 2,092,776 1,502,679
Feb. 2017 2,302,936 173,208 76,276 64,956 11,319 3,746,408 2,237,980 1,508,429
Mar. 2017 2,387,779 169,699 72,018 61,525 10,492 3,856,287 2,326,253 1,530,034
Apr. 2017 2,344,812 176,616 74,051 63,392 10,659 3,821,697 2,281,420 1,540,277
May 2017 2,288,936 178,630 72,953 63,167 9,786 3,774,412 2,225,769 1,548,643
June 2017 2,269,683 181,324 72,880 63,137 9,743 3,762,780 2,206,547 1,556,234
July 2017 2,296,929 184,242 73,581 63,606 9,974 3,795,430 2,233,323 1,562,107
Aug. 2017 2,407,173 183,249 74,404 63,158 11,246 3,910,022 2,344,015 1,566,007
Sept. 2017 2,357,875 184,248 73,044 62,140 10,905 3,874,484 2,295,735 1,578,749
Oct. 2017 2,310,902 182,074 76,482 65,200 11,282 3,829,898 2,245,701 1,584,197
Two weeks ending 8
Sept. 13, 2017 2,422,417 173,938 72,564 59,886 12,678 3,939,815 2,362,531 1,577,284
Sept. 27, 2017 2,316,412 194,653 72,776 63,657 9,119 3,832,050 2,252,755 1,579,295
Oct. 11, 2017 2,271,684 180,372 76,381 64,827 11,554 3,789,409 2,206,857 1,582,553
Oct. 25, 2017 2,328,554 181,547 77,424 65,991 11,433 3,846,518 2,262,563 1,583,955
Nov. 8, 2017 2,341,612 186,422 74,471 64,040 10,431 3,865,347 2,277,572 1,587,775

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.

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
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
Jan. 2017 16 11 0 5 0 2,158,526
Feb. 2017 21 17 0 4 0 2,302,916
Mar. 2017 12 7 0 5 0 2,387,767
Apr. 2017 45 21 0 24 0 2,344,767
May 2017 56 11 0 44 0 2,288,880
June 2017 95 15 0 80 0 2,269,588
July 2017 166 12 0 154 0 2,296,763
Aug. 2017 220 7 0 213 0 2,406,953
Sept. 2017 224 10 0 214 0 2,357,651
Oct. 2017 151 4 0 146 0 2,310,751
Two weeks ending 3
Sept. 13, 2017 213 3 0 210 0 2,422,205
Sept. 27, 2017 243 19 0 224 0 2,316,170
Oct. 11, 2017 186 3 0 182 0 2,271,498
Oct. 25, 2017 155 6 0 148 0 2,328,400
Nov. 8, 2017 79 5 0 75 0 2,341,533

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.
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Last Update: November 16, 2017