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

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Release Date: July 5, 2018

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 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
Nov. 2017 123,141 135,467 110,816 2,314,455 134,981 2,179,474
Dec. 2017 123,720 136,103 111,337 2,244,274 135,719 2,108,555
Jan. 2018 126,792 139,484 114,101 2,214,601 138,807 2,075,794
Feb. 2018 124,006 136,420 111,594 2,238,775 135,786 2,102,989
Mar. 2018 120,285 132,326 108,245 2,167,009 131,778 2,035,232
Apr. 2018 126,415 139,070 113,762 2,086,192 138,481 1,947,710
May 2018 128,144 140,970 115,318 2,022,453 140,316 1,882,137
June 2018 125,503 138,065 112,942 1,988,224 137,568 1,850,656
             
Two weeks ending 8
May 9, 2018 131,316 144,460 118,174 2,010,167 143,758 1,866,409
May 23, 2018 125,967 138,576 113,359 2,029,108 137,909 1,891,199
June 6, 2018 128,384 141,234 115,535 2,024,630 140,656 1,883,974
June 20, 2018 119,742 131,728 107,757 2,014,626 131,164 1,883,462
July 4, 2018 131,840 145,036 118,644 1,929,417 144,681 1,784,736

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
June 2017 2,269,683 181,324 72,881 63,137 9,745 3,762,780 2,206,547 1,556,234
July 2017 2,296,929 184,242 73,572 63,606 9,966 3,795,430 2,233,323 1,562,107
Aug. 2017 2,407,173 183,249 74,401 63,158 11,243 3,910,022 2,344,015 1,566,007
Sept. 2017 2,357,875 184,248 73,042 62,140 10,902 3,874,490 2,295,735 1,578,756
Oct. 2017 2,310,902 182,074 76,481 65,200 11,281 3,829,910 2,245,701 1,584,208
Nov. 2017 2,378,282 186,968 74,574 63,827 10,747 3,907,735 2,314,455 1,593,280
Dec. 2017 2,309,823 189,269 76,633 65,549 11,085 3,850,969 2,244,274 1,606,695
Jan. 2018 2,281,018 193,209 77,221 66,417 10,804 3,824,795 2,214,601 1,610,195
Feb. 2018 2,305,256 190,487 78,806 66,481 12,325 3,855,091 2,238,775 1,616,316
Mar. 2018 2,230,875 184,151 75,292 63,866 11,426 3,800,660 2,167,009 1,633,651
Apr. 2018 2,151,047 191,270 75,661 64,855 10,806 3,727,161 2,086,192 1,640,970
May 2018 2,086,577 192,267 73,911 64,124 9,787 3,674,797 2,022,453 1,652,344
June 2018 2,052,749 190,028 74,645 64,525 10,120 3,650,554 1,988,224 1,662,330
                 
Two weeks ending 8
May 9, 2018 2,075,389 196,538 74,648 65,222 9,426 3,655,337 2,010,167 1,645,170
May 23, 2018 2,092,790 189,649 73,921 63,682 10,239 3,681,473 2,029,108 1,652,365
June 6, 2018 2,088,291 192,045 73,065 63,661 9,404 3,685,009 2,024,630 1,660,379
June 20, 2018 2,077,556 182,672 73,954 62,930 11,024 3,675,568 2,014,626 1,660,942
July 4, 2018 1,996,693 199,116 76,560 67,276 9,284 3,594,862 1,929,417 1,665,445

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
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
Nov. 2017 65 11 0 54 0 2,378,217
Dec. 2017 75 43 0 33 0 2,309,747
Jan. 2018 58 51 0 7 0 2,280,960
Feb. 2018 20 7 0 14 0 2,305,236
Mar. 2018 16 4 0 12 0 2,230,859
Apr. 2018 51 16 0 35 0 2,150,996
May 2018 94 25 0 69 0 2,086,483
June 2018 143 17 0 126 0 2,052,605
             
Two weeks ending 3
May 9, 2018 102 43 0 59 0 2,075,288
May 23, 2018 84 18 0 66 0 2,092,707
June 6, 2018 104 18 0 86 0 2,088,188
June 20, 2018 129 13 0 117 0 2,077,427
July 4, 2018 187 23 0 165 0 1,996,506

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: July 05, 2018