The Federal Reserve Board eagle logo links to home page

Statistical Supplement | December 2008

Statistical Supplement to the Federal Reserve Bulletin, December 2008
1.12  Reserves and Borrowings, Depository Institutions1
Millions of dollars
Reserve classification Prorated monthly averages of biweekly averages
2005 2006 2007 2008
Dec Dec Dec Mar Apr May June July Aug Sept
1 Reserve balances with Reserve Banks2 10,047 8,480 8,179 9,754 9,254 9,688 9,181 9,343 9,430 67,173
2 Total vault cash3 51,314 50,897 52,161 50,446 49,315 48,576 49,333 49,225 50,142 50,443
3 Applied vault cash4 35,337 34,803 34,522 32,952 34,252 35,423 34,752 34,781 34,704 35,411
4 Surplus vault cash5 15,977 16,094 17,639 17,494 15,063 13,153 14,581 14,444 15,438 15,032
5 Total reserves6 45,384 43,283 42,701 42,706 43,506 45,111 43,933 44,124 44,134 102,584
6 Required reserves 43,483 41,420 40,932 39,728 41,661 43,100 41,660 42,147 42,146 42,533
7 Excess reserve balances at Reserve Banks7 1,900 1,863 1,770r 2,978 1,844 2,011 2,272 1,977 1,988 60,051
8 Total borrowing at Reserve Banks 169 191 15,430 94,523 135,410 155,780 171,278 165,664 168,078 290,105
9 Term auction credit n.a. n.a. 11,613 75,484 100,000 127,419 150,000 150,000 150,000 149,814
10 Primary 97 111 3,787 1,617 9,624 14,076 14,225 15,204 17,980 32,632
11 Secondary 0 0 1 0 0 0 70 107 1 35
12 Seasonal 72 80 30 6 21 47 75 98 97 87
13 Primary dealer and other broker-dealer credit8 n.a. n.a. n.a. 16,168 25,764 14,238 6,908 255 0 53,473
14 Asset-backed commercial paper money market mutual fund liquidity facility n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 31,877
15 Credit extended to American International Group, Inc. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 22,187
16 Other credit extensions n.a. n.a. n.a. 1,249 0 0 0 0 0 0
 Biweekly averages of daily figures for two-week periods ending on dates indicated
2008
June 4 June 18 July 2 July 16 July 30 Aug 13 Aug 27 Sept 10 Sept 24 Oct 8
1 Reserve balances with Reserve Banks2 10,702 7,998 10,053 8,657 9,944 9,135 9,705 9,429 75,753 143,396
2 Total vault cash3 47,837 48,530 50,769 48,968 49,124 51,141 49,474 49,230 50,225 52,973
3 Applied vault cash4 36,270 32,598 36,760 32,761 36,655 32,870 36,399 34,735 35,584 36,133
4 Surplus vault cash5 11,568 15,933 14,009 16,207 12,469 18,272 13,076 14,496 14,641 16,840
5 Total reserves6 46,972 40,596 46,813 41,418 46,599 42,004 46,104 44,163 111,337 179,529
6 Required reserves 44,716 38,942 43,813 39,616 44,583 40,157 44,062 41,908 42,575 43,479
7 Excess reserve balances at Reserve Banks7 2,256 1,653 3,000 1,801 2,016 1,847 2,041 2,255 68,762 136,050
8 Total borrowing at Reserve Banks 176,297 171,945 168,827 163,658 167,077 167,635 168,090 169,481 267,861 543,050
9 Term auction credit 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 149,072
10 Primary 15,936 13,260 14,782 13,386 16,917 17,535 17,991 19,386 30,478 59,737
11 Secondary 1 112 43 168 62 4 0 0 14 145
12 Seasonal 66 69 86 100 99 97 98 94 96 57
13 Primary dealer and other broker-dealer credit8 10,295 8,505 3,917 5 2 0 0 0 54,208 140,879
14 Asset-backed commercial paper money market mutual fund liquidity facility n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 10,880 133,997
15 Credit extended to American International Group, Inc. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 22,188 59,164
16 Other credit extensions 0 0 0 0 0 0 0 0 0 0

1. Data in this table also appear in the Board's H.3 (502) weekly statistical release. Data are not break-adjusted or seasonally adjusted.   Return to table

2. Excludes required clearing balances and adjustments to compensate for float and includes other off-balance-sheet "as-of" adjustments.   Return to table

3. Vault cash eligible to satisfy reserve requirements. It includes only vault cash held by those banks and thrift institutions that are not exempt from reserve requirements. Dates refer to the maintenance periods in which the vault cash can be used to satisfy reserve requirements.   Return to table

4. 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.   Return to table

5. Total vault cash (line 2) less applied vault cash (line 3).   Return to table

6. Reserve balances with Federal Reserve Banks (line 1) plus applied vault cash (line 3).   Return to table

7. Total reserves (line 5) less required reserves (line 6).   Return to table

8. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain other broker-dealers.   Return to table

Statistical Supplement | December 2008 | Tips for printing wide tables | Symbols and Abbreviations

Accessibility | Contact us
Last update: January 9, 2009