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

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Release Date: November 8, 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
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
July 2018 125,736 138,323 113,152 1,949,820 137,861 1,811,960
Aug. 2018 123,620 135,994 111,246 1,911,165 135,544 1,775,621
Sept. 2018 126,756 139,444 114,069 1,873,866 138,965 1,734,901
Oct. 2018 123,821 136,215 111,428 1,830,017 135,731 1,694,286
             
Two weeks ending 8
Sept. 12, 2018 121,392 133,544 109,242 1,907,993 133,062 1,774,931
Sept. 26, 2018 131,095 144,216 117,973 1,856,198 143,720 1,712,478
Oct. 10, 2018 127,660 140,439 114,884 1,833,321 140,032 1,693,289
Oct. 24, 2018 119,989 131,999 107,979 1,835,571 131,466 1,704,105
Nov. 7, 2018 126,002 138,614 113,390 1,814,192 138,118 1,676,074

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. 2017 2,310,902 182,074 76,477 65,200 11,277 3,829,910 2,245,701 1,584,208
Nov. 2017 2,378,282 186,968 74,567 63,827 10,741 3,907,735 2,314,455 1,593,280
Dec. 2017 2,309,823 189,269 76,625 65,549 11,076 3,850,969 2,244,274 1,606,695
Jan. 2018 2,281,018 193,209 77,203 66,417 10,786 3,824,795 2,214,601 1,610,195
Feb. 2018 2,305,256 190,487 78,784 66,481 12,304 3,855,056 2,238,775 1,616,281
Mar. 2018 2,230,875 184,151 75,293 63,866 11,427 3,800,608 2,167,009 1,633,598
Apr. 2018 2,151,047 191,270 75,667 64,855 10,812 3,727,119 2,086,192 1,640,927
May 2018 2,086,577 192,267 73,916 64,124 9,792 3,674,755 2,022,453 1,652,301
June 2018 2,052,749 190,028 74,643 64,525 10,119 3,650,485 1,988,224 1,662,261
July 2018 2,014,613 190,529 75,440 64,792 10,647 3,618,272 1,949,820 1,668,452
Aug. 2018 1,976,094 188,549 76,486 64,929 11,557 3,584,476 1,911,165 1,673,311
Sept. 2018 1,938,011 190,901 74,945 64,145 10,800 3,559,894 1,873,866 1,686,028
Oct. 2018 1,895,798 189,602 75,879 65,781 10,099 3,520,960 1,830,017 1,690,943
                 
Two weeks ending 8
Sept. 12, 2018 1,969,839 183,238 74,372 61,846 12,526 3,594,288 1,907,993 1,686,295
Sept. 26, 2018 1,921,197 196,094 74,657 64,999 9,658 3,541,058 1,856,198 1,684,860
Oct. 10, 2018 1,901,375 195,714 77,677 68,054 9,623 3,522,640 1,833,321 1,689,319
Oct. 24, 2018 1,900,166 184,584 74,811 64,595 10,216 3,526,102 1,835,571 1,690,532
Nov. 7, 2018 1,879,096 190,906 75,449 64,904 10,545 3,508,276 1,814,192 1,694,085

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. 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
July 2018 224 20 0 203 0 2,014,388
Aug. 2018 261 18 0 243 0 1,975,833
Sept. 2018 290 38 0 252 0 1,937,721
Oct. 2018 209 21 0 189 0 1,895,589
             
Two weeks ending 3
Sept. 12, 2018 255 26 0 229 0 1,969,584
Sept. 26, 2018 326 48 0 278 0 1,920,872
Oct. 10, 2018 272 39 0 233 0 1,901,103
Oct. 24, 2018 197 12 0 185 0 1,899,969
Nov. 7, 2018 144 12 0 132 0 1,878,952

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 08, 2018