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

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Release Date: September 19, 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
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
Aug. 2019 134,639 148,114 121,167 1,520,876 147,555 1,373,321
 
Two weeks ending 8
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
Aug. 14, 2019 125,523 138,086 112,962 1,544,825 137,572 1,407,253
Aug. 28, 2019 143,956 158,362 129,552 1,507,363 157,853 1,349,510
Sept. 11, 2019 133,706 147,088 120,327 1,472,176 146,083 1,326,093

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
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 80,373 68,226 12,147 3,346,879 1,639,030 1,707,849
Feb. 2019 1,713,683 193,579 81,281 68,450 12,831 3,353,467 1,645,233 1,708,234
Mar. 2019 1,725,938 193,064 76,799 64,640 12,159 3,381,455 1,661,297 1,720,158
Apr. 2019 1,623,904 194,575 76,130 64,455 11,675 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 1,578,615 200,169 76,484 65,065 11,419 3,260,336 1,513,550 1,746,786
Aug. 2019 1,586,844 200,608 78,520 65,969 12,552 3,271,409 1,520,876 1,750,533
 
Two weeks ending 8
July 17, 2019 1,570,546 189,516 76,324 62,811 13,513 3,256,895 1,507,735 1,749,160
July 31, 2019 1,593,013 208,087 76,363 66,590 9,773 3,271,909 1,526,423 1,745,487
Aug. 14, 2019 1,610,674 191,372 80,436 65,849 14,587 3,292,704 1,544,825 1,747,879
Aug. 28, 2019 1,574,001 210,594 77,092 66,638 10,454 3,257,771 1,507,363 1,750,408
Sept. 11, 2019 1,535,578 197,108 76,248 63,402 12,846 3,235,681 1,472,176 1,763,505

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
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
Aug. 2019 117 16 0 101 0 1,586,727
 
Two weeks ending 3
July 17, 2019 118 13 0 105 0 1,570,429
July 31, 2019 127 2 0 124 0 1,592,886
Aug. 14, 2019 103 1 0 103 0 1,610,571
Aug. 28, 2019 136 35 0 102 0 1,573,865
Sept. 11, 2019 93 1 0 92 0 1,535,485

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: September 19, 2019