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

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Release Date: August 1, 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
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
May 2019 134,717 148,200 121,237 1,511,285 147,792 1,363,493
June 2019 134,908 148,409 121,408 1,535,857 148,025 1,387,832
July 2019 135,103 148,624 121,584 1,513,550 148,191 1,365,359
 
Two weeks ending 8
June 5, 2019 137,660 151,436 123,885 1,540,900 151,092 1,389,808
June 19, 2019 126,422 139,074 113,770 1,577,459 138,689 1,438,770
July 3, 2019 144,458 158,913 130,004 1,480,617 158,514 1,322,103
July 17, 2019 126,705 139,385 114,026 1,507,735 138,959 1,368,776
July 31, 2019 141,497 155,658 127,338 1,526,423 155,211 1,371,212

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
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 10,090 3,520,863 1,830,017 1,690,846
Nov. 2018 1,840,828 192,074 76,555 65,537 11,018 3,476,330 1,775,291 1,701,039
Dec. 2018 1,759,856 192,165 80,800 68,462 12,338 3,400,747 1,691,394 1,709,353
Jan. 2019 1,707,256 199,356 80,374 68,226 12,148 3,346,879 1,639,030 1,707,849
Feb. 2019 1,713,683 193,579 81,282 68,450 12,832 3,353,467 1,645,233 1,708,234
Mar. 2019 1,725,938 193,064 76,800 64,640 12,160 3,381,455 1,661,297 1,720,158
Apr. 2019 1,623,904 194,575 76,130 64,455 11,676 3,286,650 1,559,450 1,727,201
May 2019 1,576,309 199,742 75,816 65,024 10,792 3,244,460 1,511,285 1,733,175
June 2019 1,601,309 200,360 76,098 65,452 10,647 3,274,841 1,535,857 1,738,984
July 2019 1,578,615 200,168 76,486 65,065 11,421 3,260,366 1,513,550 1,746,816
 
Two weeks ending 8
June 5, 2019 1,605,985 202,745 74,930 65,085 9,845 3,279,010 1,540,900 1,738,110
June 19, 2019 1,640,670 189,633 75,181 63,211 11,970 3,314,564 1,577,459 1,737,105
July 3, 2019 1,549,087 212,928 77,797 68,470 9,327 3,222,391 1,480,617 1,741,774
July 17, 2019 1,570,546 189,516 76,324 62,811 13,513 3,256,928 1,507,735 1,749,193
July 31, 2019 1,593,012 208,086 76,368 66,589 9,779 3,271,942 1,526,423 1,745,520

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
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
May 2019 56 18 0 38 0 1,576,254
June 2019 80 20 0 60 0 1,601,229
July 2019 120 9 0 111 0 1,578,495
 
Two weeks ending 3
June 5, 2019 87 45 0 43 0 1,605,898
June 19, 2019 61 11 0 50 0 1,640,610
July 3, 2019 101 20 0 81 0 1,548,986
July 17, 2019 118 13 0 105 0 1,570,429
July 31, 2019 127 2 0 124 0 1,592,885

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: August 01, 2019