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

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Release Date: May 23, 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
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
Mar. 2019 128,423 141,279 115,569 1,661,297 140,926 1,520,371
Apr. 2019 130,120 143,144 117,098 1,559,450 142,641 1,416,809
 
Two weeks ending 8
Mar. 27, 2019 126,825 139,521 114,131 1,626,007 139,246 1,486,761
Apr. 10, 2019 128,582 141,454 115,714 1,617,495 141,121 1,476,374
Apr. 24, 2019 129,308 142,252 116,366 1,554,955 141,657 1,413,298
May 8, 2019 134,577 148,044 121,111 1,473,197 147,471 1,325,726
May 22, 2019 132,906 146,208 119,607 1,514,012 145,855 1,368,157

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
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 75,873 65,781 10,093 3,520,863 1,830,017 1,690,846
Nov. 2018 1,840,828 192,074 76,560 65,537 11,023 3,476,330 1,775,291 1,701,039
Dec. 2018 1,759,856 192,165 80,805 68,462 12,343 3,400,747 1,691,394 1,709,353
Jan. 2019 1,707,256 199,356 80,380 68,226 12,154 3,346,879 1,639,030 1,707,849
Feb. 2019 1,713,683 193,579 81,290 68,450 12,840 3,353,467 1,645,233 1,708,234
Mar. 2019 1,725,938 193,064 76,808 64,640 12,168 3,381,464 1,661,297 1,720,166
Apr. 2019 1,623,904 194,575 76,138 64,455 11,683 3,286,668 1,559,450 1,727,218
 
Two weeks ending 8
Mar. 27, 2019 1,692,266 193,084 78,392 66,259 12,133 3,347,215 1,626,007 1,721,209
Apr. 10, 2019 1,680,191 191,278 75,098 62,696 12,402 3,343,228 1,617,495 1,725,733
Apr. 24, 2019 1,620,224 194,577 76,837 65,269 11,568 3,282,067 1,554,955 1,727,113
May 8, 2019 1,538,683 200,063 76,241 65,486 10,755 3,203,136 1,473,197 1,729,939
May 22, 2019 1,578,733 197,627 76,155 64,721 11,434 3,245,935 1,514,012 1,731,923

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
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
Mar. 2019 15 7 0 8 0 1,725,923
Apr. 2019 30 14 0 15 0 1,623,875
 
Two weeks ending 3
Mar. 27, 2019 13 5 0 8 0 1,692,253
Apr. 10, 2019 36 28 0 8 0 1,680,155
Apr. 24, 2019 24 9 0 15 0 1,620,200
May 8, 2019 34 5 0 29 0 1,538,649
May 22, 2019 48 8 0 41 0 1,578,685

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: May 23, 2019