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

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Release Date: March 14, 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
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
Jan. 2019 131,130 144,255 118,006 1,639,030 143,615 1,495,414
Feb. 2019 125,129 137,655 112,606 1,645,233 137,128 1,508,105
 
Two weeks ending 8
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
Feb. 13, 2019 117,214 128,949 105,482 1,649,263 128,402 1,520,861
Feb. 27, 2019 132,124 145,349 118,901 1,636,665 144,834 1,491,831
Mar. 13, 2019 130,096 143,118 117,074 1,712,781 142,676 1,570,105

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
Feb. 2018 2,305,256 190,487 78,788 66,481 12,308 3,855,056 2,238,775 1,616,281
Mar. 2018 2,230,875 184,151 75,300 63,866 11,434 3,800,608 2,167,009 1,633,598
Apr. 2018 2,151,047 191,270 75,670 64,855 10,815 3,727,119 2,086,192 1,640,927
May 2018 2,086,577 192,267 73,929 64,124 9,805 3,674,755 2,022,453 1,652,301
June 2018 2,052,749 190,028 74,661 64,525 10,136 3,650,485 1,988,224 1,662,261
July 2018 2,014,613 190,529 75,448 64,792 10,656 3,618,272 1,949,820 1,668,452
Aug. 2018 1,976,094 188,549 76,485 64,929 11,557 3,584,450 1,911,165 1,673,285
Sept. 2018 1,938,011 190,901 74,945 64,145 10,800 3,559,828 1,873,866 1,685,962
Oct. 2018 1,895,798 189,602 75,871 65,781 10,091 3,520,863 1,830,017 1,690,846
Nov. 2018 1,840,828 192,074 76,556 65,537 11,019 3,476,330 1,775,291 1,701,039
Dec. 2018 1,759,856 192,165 80,801 68,462 12,339 3,400,747 1,691,394 1,709,353
Jan. 2019 1,707,256 199,356 80,376 68,226 12,150 3,346,895 1,639,030 1,707,865
Feb. 2019 1,713,683 193,579 81,286 68,450 12,836 3,353,484 1,645,233 1,708,252
 
Two weeks ending 8
Jan. 16, 2019 1,722,871 186,555 79,951 65,608 14,343 3,368,372 1,657,263 1,711,110
Jan. 30, 2019 1,690,020 212,574 80,200 70,312 9,888 3,323,428 1,619,708 1,703,720
Feb. 13, 2019 1,718,959 186,910 84,679 69,696 14,983 3,354,013 1,649,263 1,704,750
Feb. 27, 2019 1,704,312 199,771 78,539 67,647 10,892 3,347,519 1,636,665 1,710,854
Mar. 13, 2019 1,776,276 193,591 75,626 63,495 12,131 3,430,136 1,712,781 1,717,355

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
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
Jan. 2019 26 20 0 6 0 1,707,230
Feb. 2019 19 7 0 12 0 1,713,664
 
Two weeks ending 3
Jan. 16, 2019 11 11 0 1 0 1,722,860
Jan. 30, 2019 34 29 0 5 0 1,689,986
Feb. 13, 2019 18 5 0 12 0 1,718,942
Feb. 27, 2019 21 9 0 12 0 1,704,291
Mar. 13, 2019 12 5 0 8 0 1,776,265

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: March 14, 2019