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

Current Release PDF RSS DDP

Release Date: January 31, 2019

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. 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
Nov. 2018 126,537 139,202 113,872 1,775,291 138,700 1,636,591
Dec. 2018 123,703 136,085 111,322 1,691,394 135,698 1,555,696
 
Two weeks ending 8
Dec. 5, 2018 132,698 145,979 119,417 1,738,400 145,481 1,592,919
Dec. 19, 2018 113,855 125,252 102,459 1,717,339 124,916 1,592,423
Jan. 2, 2019 131,444 144,600 118,290 1,641,540 144,201 1,497,339
Jan. 16, 2019 120,947 133,053 108,843 1,657,263 132,489 1,524,774
Jan. 30, 2019 142,262 156,501 128,024 1,619,708 155,745 1,463,963

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
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 75,666 64,855 10,811 3,727,119 2,086,192 1,640,927
May 2018 2,086,577 192,267 73,914 64,124 9,790 3,674,755 2,022,453 1,652,301
June 2018 2,052,749 190,028 74,641 64,525 10,117 3,650,485 1,988,224 1,662,261
July 2018 2,014,613 190,529 75,437 64,792 10,645 3,618,272 1,949,820 1,668,452
Aug. 2018 1,976,094 188,549 76,483 64,929 11,554 3,584,476 1,911,165 1,673,311
Sept. 2018 1,938,011 190,901 74,942 64,145 10,797 3,559,894 1,873,866 1,686,028
Oct. 2018 1,895,798 189,602 75,865 65,781 10,085 3,520,954 1,830,017 1,690,937
Nov. 2018 1,840,828 192,074 76,554 65,537 11,017 3,476,401 1,775,291 1,701,111
Dec. 2018 1,759,856 192,165 80,794 68,462 12,333 3,400,828 1,691,394 1,709,434
 
Two weeks ending 8
Dec. 5, 2018 1,805,219 199,517 76,747 66,819 9,928 3,443,726 1,738,400 1,705,326
Dec. 19, 2018 1,784,027 180,543 80,842 66,688 14,154 3,422,774 1,717,339 1,705,436
Jan. 2, 2019 1,712,756 202,660 82,426 71,216 11,210 3,357,351 1,641,540 1,715,812
Jan. 16, 2019 1,722,871 186,555 79,944 65,608 14,336 3,368,457 1,657,263 1,711,195
Jan. 30, 2019 1,690,020 212,574 80,896 70,312 10,584 3,323,513 1,619,708 1,703,805

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
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
Nov. 2018 97 11 0 86 0 1,840,731
Dec. 2018 76 18 0 58 0 1,759,780
 
Two weeks ending 3
Dec. 5, 2018 66 8 0 58 0 1,805,154
Dec. 19, 2018 73 15 0 58 0 1,783,954
Jan. 2, 2019 83 26 0 57 0 1,712,673
Jan. 16, 2019 11 11 0 1 0 1,722,860
Jan. 30, 2019 34 29 0 5 0 1,689,986

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.
Back to Top
Last Update: January 31, 2019