annual report logo
6A. Reserves of Depository Institutions, Federal Reserve Bank Credit, and Related Items, Year-End 1984-2005 and Month-End 2005
Millions of dollars
Period Factors supplying reserve funds Factors absorbing reserve funds Reserve balances with Federal Reserve Banks 6
Federal Reserve Bank credit outstanding Gold stock Special drawing rights certificate account Treasury currency outstanding 3 Currency in circulation Reverse repurchase agreements 4 Treasury cash holdings 5 Deposits with Federal Reserve Banks, other than reserve balances Required clearing balances Other Federal Reserve liabilities and capital
Securities held outright 1 Repurchase agreements 2 Loans Float Other Federal Reserve assets Total Treasury Foreign Other
1984 167,612 2,015 3,577 833 12,347 186,384 11,096 4,618 16,418 183,796 0 513 5,316 253 867 1,126 5,952 20,693
 
1985 186,025 5,223 3,060 988 15,302 210,598 11,090 4,718 17,075 197,488 0 550 9,351 480 1,041 1,490 5,940 27,141
1986 205,454 16,005 1,565 1,261 17,475 241,760 11,084 5,018 17,567 211,995 0 447 7,588 287 917 1,812 6,088 46,295
1987 226,459 4,961 3,815 811 15,837 251,883 11,078 5,018 18,177 230,205 0 454 5,313 244 1,027 1,687 7,129 40,097
1988 240,628 6,861 2,170 1,286 18,803 269,748 11,060 5,018 18,799 247,649 0 395 8,656 347 548 1,605 7,683 37,742
1989 233,300 2,117 481 1,093 39,631 276,622 11,059 8,518 19,628 260,456 0 450 6,217 589 1,298 1,618 8,486 36,713
 
1990 241,431 18,354 190 2,566 39,880 302,421 11,058 10,018 20,402 286,963 0 561 8,960 369 242 1,960 8,147 36,698
1991 272,531 15,898 218 1,026 34,524 324,197 11,059 10,018 21,014 307,756 0 636 17,697 968 1,706 3,946 8,113 25,467
1992 300,423 8,094 675 3,350 30,278 342,820 11,056 8,018 21,447 334,701 0 508 7,492 206 372 5,897 7,984 26,182
1993 336,654 13,212 94 963 33,394 384,317 11,053 8,018 22,095 365,271 0 377 14,809 386 397 6,332 9,292 28,619
1994 368,156 10,590 223 740 33,441 413,150 11,051 8,018 22,994 403,843 0 335 7,161 250 876 4,196 11,959 26,593
 
1995 380,831 13,862 135 231 33,483 428,543 11,050 10,168 24,003 424,244 0 270 5,979 386 932 5,167 12,342 24,444
1996 393,132 21,583 85 5,297 32,222 452,319 11,048 9,718 24,966 450,648 0 249 7,742 167 892 6,601 13,829 17,923
1997 431,420 23,840 2,035 561 32,044 489,901 11,047 9,200 25,543 482,327 0 225 5,444 457 900 6,679 15,500 24,159
1998 452,478 30,376 17 1,009 37,692 521,573 11,046 9,200 26,270 517,484 0 85 6,086 167 1,605 6,781 16,354 19,525
1999 478,144 140,640 233 407 34,799 654,223 11,048 6,200 28,013 628,359 0 109 28,402 71 1,261 7,482 17,256 16,545
 
2000 511,833 43,375 110 795 36,896 593,009 11,046 2,200 31,643 593,694 0 450 5,149 216 1,382 6,332 17,962 12,713
2001 551,685 50,250 34 698 36,885 639,552 11,045 2,200 33,017 643,301 0 425 6,645 61 820 8,525 17,083 8,953
2002 629,416 39,500 40 832 38,574 708,363 11,043 2,200 34,597 687,518 21,091 367 4,420 136 1,152 10,533 18,977 12,008
2003 666,665 43,750 62 211 40,214 750,901 11,043 2,200 35,475 724,194 25,652 321 5,723 162 717 11,828 19,793 11,230
2004 717,819 33,000 43 927 42,161 793,950 11,045 2,200 36,434 754,877 30,783 270 5,912 80 1,285 9,963 26,378 14,080
 
2005 744,215 46,750 72 891 39,319 831,247 11,043 2,200 36,610 794,084 30,505 202 4,573 83 2,144 8,652 30,466 10,391
 
2005
Jan. 717,869 28,750 71 1,277 42,094 790,061 11,042 2,200 36,434 746,746 26,726 269 4,971 121 313 8,944 26,932 24,715
Feb. 717,492 33,750 114 3 39,547 790,906 11,042 2,200 36,546 751,631 25,026 263 4,673 86 282 8,670 27,776 22,286
Mar. 717,326 31,000 52 -1,025 40,327 787,680 11,041 2,200 36,545 754,637 24,106 284 5,219 139 235 9,514 27,862 15,470
Apr. 719,350 27,500 105 -1,160 41,882 787,676 11,041 2,200 36,545 752,786 26,544 258 3,585 126 318 9,025 28,846 15,975
May 724,471 34,750 160 -950 38,704 797,135 11,042 2,200 36,545 761,384 25,386 275 5,538 105 274 8,851 29,255 15,854
June 724,722 34,500 235 -936 39,685 798,206 11,041 2,200 36,615 764,713 26,183 237 4,373 103 250 8,278 29,095 14,830
July 724,699 35,500 273 -1,205 40,781 800,048 11,041 2,200 36,429 762,035 27,480 252 5,064 83 297 8,674 30,326 15,508
Aug. 730,380 35,500 336 741 38,292 805,248 11,041 2,200 36,429 765,723 26,487 262 5,650 81 265 8,717 30,748 16,985
Sept. 736,360 25,750 910 -312 38,974 801,682 11,041 2,200 36,429 766,482 26,920 237 4,381 96 295 8,864 31,015 13,063
Oct. 740,595 24,000 159 345 39,909 805,008 11,041 2,200 36,429 768,130 26,180 211 5,712 88 315 8,781 31,820 13,440
Nov. 744,168 35,250 86 886 37,351 817,741 11,041 2,200 36,540 780,223 30,055 204 4,634 82 255 8,754 31,865 11,450
Dec. 744,215 46,750 72 891 39,319 831,247 11,043 2,200 36,610 794,084 30,505 202 4,573 83 2,144 8,652 30,466 10,391

Note: Components may not sum to totals because of rounding.

1. Includes U.S. Treasury and federal agency securities. U.S. Treasury securities contain securities lent to dealers and are fully collateralized by other U.S. Treasury securities. Federal agency securities are included at face value. Return to table
2. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. Return to table
3. Includes currency and coin (other than gold) issued directly by the Treasury. The largest components are fractional and dollar coins. For details see "Currency and Coin in Circulation," Treasury Bulletin. Return to table
4. Cash value of agreements, which are collateralized by U.S. Treasury securities. Return to table
5. Coin and paper currency held by the Treasury, as well as any gold in excess of the gold certificates issued to the Reserve Bank. Return to table
6. Excludes required clearing balances and adjustments to compensate for float. Return to table
r. Revised.

Return to menu

6B. Reserves of Depository Institutions, Federal Reserve Bank Credit, and Related Items, Year-End 1918-1983
Millions of dollars
Period Factors supplying reserve funds
Federal Reserve Bank credit outstanding Gold stock 6 Special drawing rights certificate account Treasury currency outstanding 7
Securities held outright 1 Repurchase agreements 2 Loans Float 3 All other 4 Other Federal Reserve assets 5 Total
1918 239 0 1,766 199 294 0 2,498 2,873 ... 1,795
1919 300 0 2,215 201 575 0 3,292 2,707 ... 1,707
 
1920 287 0 2,687 119 262 0 3,355 2,639 ... 1,709
1921 234 0 1,144 40 146 0 1,563 3,373 ... 1,842
1922 436 0 618 78 273 0 1,405 3,642 ... 1,958
1923 80 54 723 27 355 0 1,238 3,957 ... 2,009
1924 536 4 320 52 390 0 1,302 4,212 ... 2,025
 
1925 367 8 643 63 378 0 1,459 4,112 ... 1,977
1926 312 3 637 45 384 0 1,381 4,205 ... 1,991
1927 560 57 582 63 393 0 1,655 4,092 ... 2,006
1928 197 31 1,056 24 500 0 1,809 3,854 ... 2,012
1929 488 23 632 34 405 0 1,583 3,997 ... 2,022
 
1930 686 43 251 21 372 0 1,373 4,306 ... 2,027
1931 775 42 638 20 378 0 1,853 4,173 ... 2,035
1932 1,851 4 235 14 41 0 2,145 4,226 ... 2,204
1933 2,435 2 98 15 137 0 2,688 4,036 ... 2,303
1934 2,430 0 7 5 21 0 2,463 8,238 ... 2,511
 
1935 2,430 1 5 12 38 0 2,486 10,125 ... 2,476
1936 2,430 0 3 39 28 0 2,500 11,258 ... 2,532
1937 2,564 0 10 19 19 0 2,612 12,760 ... 2,637
1938 2,564 0 4 17 16 0 2,601 14,512 ... 2,798
1939 2,484 0 7 91 11 0 2,593 17,644 ... 2,963
 
1940 2,184 0 3 80 8 0 2,274 21,995 ... 3,087
1941 2,254 0 3 94 10 0 2,361 22,737 ... 3,247
1942 6,189 0 6 471 14 0 6,679 22,726 ... 3,648
1943 11,543 0 5 681 10 0 12,239 21,938 ... 4,094
1944 18,846 0 80 815 4 0 19,745 20,619 ... 4,131
 
1945 24,252 0 249 578 2 0 15,091 20,065 ... 4,339
1946 23,350 0 163 580 1 0 24,093 20,529 ... 4,562
1947 22,559 0 85 535 1 0 23,181 22,754 ... 4,562
1948 23,333 0 223 541 1 0 24,097 24,244 ... 4,589
1949 18,885 0 78 534 2 0 19,499 24,427 ... 4,598
 
1950 20,725 53 67 1,368 3 0 22,216 22,706 ... 4,636
1951 23,605 196 19 1,184 5 0 25,009 22,695 ... 4,709
1952 24,034 663 156 967 4 0 25,825 23,187 ... 4,812
1953 25,318 598 28 935 2 0 26,880 22,030 ... 4,894
1954 24,888 44 143 808 1 0 25,885 21,713 ... 4,985
 
1955 24,391 394 108 1,585 29 0 26,507 21,690 ... 5,008
1956 24,610 305 50 1,665 70 0 26,699 21,949 ... 5,066
1957 23,719 519 55 1,424 66 0 25,784 22,781 ... 5,146
1958 26,252 95 64 1,296 49 0 27,755 20,534 ... 5,234
1959 26,607 41 458 1,590 75 0 28,771 19,456 ... 5,311
 
1960 26,984 400 33 1,847 74 0 29,338 17,767 ... 5,398
1961 30,478 159 130 2,300 51 0 31,362 16,889 ... 5,585
1962 28,722 342 38 2,903 110 0 33,871 15,978 ... 5,567
1963 33,582 11 63 2,600 162 0 36,418 15,513 ... 5,578
1964 36,506 538 186 2,606 94 0 39,930 15,388 ... 5,405
 
1965 40,478 290 137 2,248 187 0 43,340 13,733 ... 5,575
1966 43,655 661 173 2,495 193 0 47,177 13,159 ... 6,317
1967 48,980 170 141 2,576 164 0 52,031 11,982 ... 6,784
1968 52,937 0 186 3,443 58 0 56,624 10,367 ... 6,795
1969 57,154 0 183 3,440 64 2,743 64,584 10,367 ... 6,852
 
1970 62,142 0 335 4,261 57 1,123 67,918 10,732 400 7,147
1971 69,481 1,323 39 4,343 261 1,068 76,515 10,132 400 7,710
1972 71,119 111 1,981 3,974 106 1,260 78,551 10,410 400 8,313
1973 80,395 100 1,258 3,099 68 1,152 86,072 11,567 400 8,716
1974 84,760 954 299 2,001 999 3,195 92,208 11,652 400 9,253
 
1975 92,789 1,335 211 3,688 1,126 3,312 102,461 11,599 500 10,218
1976 100,062 4,031 25 2,601 991 3,182 110,892 11,598 1,200 10,810
1977 108,922 2,352 265 3,810 954 2,442 118,745 11,718 1,250 11,331
1978 117,374 1,217 1,174 6,432 587 4,543 131,327 11,671 1,300 11,831
1979 124,507 1,660 1,454 6,767 704 5,613 140,705 11,172 1,800 13,083
 
1980 128,038 2,554 1,809 4,467 776 8,739 146,383 11,160 2,518 13,427
1981 136,863 3,485 1,601 1,762 195 9,230 153,136 11,151 3,318 13,687
1982 144,544 4,293 717 2,735 1,480 9,890 63,659 11,148 4,618 13,786
1983 159,203 1,592 918 1,605 418 8,728 172,464 11,121 4,618 15,732

Note: For a description of figures and discussion of their significance, see Banking and Monetary Statistics, 1941-1970 (Board of Governors of the Federal Reserve System, 1976), pp. 507-23.

1. In 1969 and thereafter, includes securities loaned--fully guaranteed by U.S. government securities pledged with Federal Reserve Banks--and excludes securities sold and scheduled to be bought back under matched sale-purchase transactions. On September 29, 1971, and thereafter, includes federal agency issues bought outright. Return to table
2. On December 1, 1966, and thereafter, includes federal agency obligations held under repurchase agreements. Return to table
3. In 1960 and thereafter, figures reflect a minor change in concept; see Federal Reserve Bulletin, vol. 47 (February 1961), p. 164. Return to table
4. Principally acceptances and, until August 21, 1959, industrial loans, the authority for which expired on that date. Return to table
5. For the period before April 16, 1969, includes the total of Federal Reserve capital paid in, surplus, other capital accounts, and other liabilities and accrued dividends, less the sum of bank premises and other assets, and is reported as "Other Federal Reserve accounts"; thereafter, "Other Federal Reserve assets" and "Other Federal Reserve liabilities and capital" are shown separately. Return to table
6. Before January 30, 1934, includes gold held in Federal Reserve Banks and in circulation. Return to table
7. Includes currency and coin (other than gold) issued directly by the Treasury. The largest components are fractional and dollar coins. For details see "Currency and Coin in Circulation," Treasury Bulletin. Return to table

Return to menu

6B. Reserves of Depository Institutions, Federal Reserve Bank Credit, and Related Items, Year-End 1918-1983--Continued
Millions of dollars
Period Factors absorbing reserve funds Member bank reserves 3
Currency in circulation Treasury cash holdings 1 Deposits with Federal Reserve Banks, other than reserve balances Other Federal Reserve accounts 2 Required clearing balances Other Federal Reserve liabilities and capital 5
Treasury Foreign Other With Federal Reserve Banks Currency and coin 4 Required 5 Excess 5 6
1918 4,951 288 51 96 25 118 0 0 1,636 0 1,585 51
1919 5,091 385 51 73 28 208 0 0 1,890 0 1,822 68
 
1920 5,325 218 57 5 18 298 0 0 1,781 0 0 0
1921 4,403 214 96 12 15 285 0 0 1,753 0 1,654 99
1922 4,530 225 11 3 26 276 0 0 1,934 0 0 0
1923 4,757 213 38 4 19 275 0 0 1,898 0 1,884 14
1924 4,760 211 51 19 20 258 0 0 2,220 0 2,161 59
 
1925 4,817 203 16 8 21 272 0 0 2,212 0 2,256 -44
1926 4,808 201 17 46 19 293 0 0 2,194 0 2,250 -56
1927 4,716 208 18 5 21 301 0 0 2,487 0 2,424 63
1928 4,686 202 23 6 21 348 0 0 2,389 0 2,430 -41
1929 4,578 216 29 6 24 393 0 0 2,355 0 2,428 -73
 
1930 4,603 211 19 6 22 375 0 0 2,471 0 2,375 96
1931 5,360 222 54 79 31 354 0 0 1,961 0 1,994 -33
 
1932 5,388 272 8 19 24 355 0 0 2,509 0 1,933 576
1933 5,519 284 3 4 128 360 0 0 2,729 0 1,870 859
1934 5,536 3,029 121 20 169 241 0 0 4,096 0 2,282 1,814
 
1935 5,882 2,566 544 29 226 253 0 0 5,587 0 2,743 2,844
1936 6,543 2,376 244 99 160 261 0 0 6,606 0 4,622 1,984
1937 6,550 3,619 142 172 235 263 0 0 7,027 0 5,815 1,212
1938 6,856 2,706 923 199 242 260 0 0 8,724 0 5,519 3,205
1939 7,598 2,409 634 397 256 251 0 0 11,653 0 6,444 5,209
 
1940 8,732 2,213 368 1,133 599 284 0 0 4,026 0 7,411 6,615
1941 11,160 2,215 867 774 586 291 0 0 12,450 0 9,365 3,085
1942 15,410 2,193 799 793 485 256 0 0 13,117 0 11,129 1,988
1943 20,499 2,303 579 1,360 356 339 0 0 12,886 0 11,650 1,236
1944 25,307 2,375 440 1,204 394 402 0 0 14,373 0 12,748 1,625
 
1945 28,515 2,287 977 862 446 495 0 0 15,915 0 14,457 1,458
1946 28,952 2,272 393 508 314 607 0 0 16,139 0 15,577 562
1947 28,868 1,336 870 392 569 563 0 0 17,899 0 16,400 1,499
1948 28,224 1,325 1,123 642 547 590 0 0 20,479 0 19,277 1,202
1949 27,600 1,312 821 767 750 106 0 0 16,568 0 15,550 1,018
 
1950 27,741 1,293 668 895 565 714 0 0 17,681 0 16,509 1,172
1951 29,206 1,270 247 526 363 746 0 0 20,056 0 19,667 389
1952 30,433 1,270 389 550 455 777 0 0 19,950 0 20,520 -570
1953 30,781 761 346 423 493 839 0 0 20,160 0 19,397 763
1954 30,509 796 563 490 441 907 0 0 18,876 0 18,618 258
 
1955 31,158 767 394 402 554 925 0 0 19,005 0 18,903 102
1956 31,790 775 441 322 426 901 0 0 19,059 0 19,089 -30
1957 31,834 761 481 356 246 998 0 0 19,034 0 19,091 -57
1958 32,193 683 358 272 391 1,122 0 0 18,504 0 18,574 -70
1959 32,591 391 504 345 694 841 0 0 18,174 310 18,619 -135
 
1960 32,869 377 485 217 533 941 0 0 17,081 2,544 18,988 637
1961 33,918 422 465 279 320 1,044 0 0 17,387 2,544 18,988 96
1962 35,338 380 597 247 393 1,007 0 0 17,454 3,262 20,071 645
1963 37,692 361 880 171 291 1,065 0 0 17,049 4,099 20,677 471
1964 39,619 612 820 229 321 1,036 0 0 18,086 4,151 21,663 574
 
1965 42,056 760 668 150 355 211 0 0 18,447 4,163 22,848 -238
1966 44,663 1,176 416 174 588 -147 0 0 19,779 4,310 24,321 -232
1967 47,226 1,344 1,123 135 563 -773 0 0 21,092 4,631 25,905 -182
1968 50,961 695 703 216 747 -1,353 0 0 21,818 4,921 27,439 -700
1969 53,950 596 1,312 134 807 0 0 1,919 22,085 5,187 28,173 -901
 
1970 57,903 431 1,156 148 1,233 0 0 1,986 24,150 5,423 30,033 -460
1971 61,068 460 2,020 294 999 0 0 2,131 27,788 5,743 32,496 1,035
1972 66,516 345 1,855 325 840 0 0 2,143 25,647 6,216 32,044 98 12
1973 72,497 317 2,542 251 1,419 13 0 0 2,669 27,060 6,781 35,268 -1,360
1974 79,743 185 2,113 418 1,275 13 0 0 2,935 25,843 7,370 37,011 -3,798
 
1975 86,547 483 7,285 353 1,090 0 0 2,968 26,052 8,036 35,197 -1,103 14
1976 93,717 460 10,393 352 1,357 0 0 3,063 25,158 8,628 35,461 -1,535
1977 103,811 392 7,114 379 1,187 0 0 3,292 26,870 9,421 37,615 -1,265
1978 114,645 240 4,196 368 1,256 0 0 4,275 31,152 10,538 42,694 -893
1979 125,600 494 4,075 429 1,412 0 0 4,957 29,792 11,429 44,217 -2,835
 
1980 136,829 441 3,062 411 617 0 0 4,671 27,456 13,654 40,558 675
1981 144,774 443 4,301 505 781 0 117 5,261 25,111 15,576 42,145 -1,442
1982 154,908 429 5,033 328 1,033 0 436 4,990 26,053 16,666 41,391 1,328
1983 171,935 479 3,661 191 851 0 1,013 5,392 20,413 17,821 39,179 -945

Note: For a description of figures and discussion of their significance, see Banking and Monetary Statistics, 1941-1970 (Board of Governors of the Federal Reserve System, 1976), pp. 507-23.
1. Coin and paper currency held by the Treasury, as well as any gold in excess of the gold certificates issued to the Reserve Bank. Return to table
2. For the period before April 16, 1969, includes the total of Federal Reserve capital paid in, surplus, other capital accounts, and other liabilities and accrued dividends, less the sum of bank premises and other assets, and is reported as "Other Federal Reserve accounts"; thereafter, "Other Federal Reserve assets" and "Other Federal Reserve liabilities and capital" are shown separately.Return to table
3. In November 1979 and thereafter, includes reserves of member banks, Edge Act corporations, and U.S. agencies and branches of foreign banks. On November 13, 1980, and thereafter, includes reserves of all depository institutions.Return to table
4. Between December 1, 1959, and November 23, 1960, part was allowed as reserves; thereafter, all was allowed.Return to table
5. Estimated through 1958. Before 1929, data were available only on call dates (in 1920 and 1922 the call date was December 29). Since September 12, 1968, the amount has been based on close-of-business figures for the reserve period two weeks before the report date.Return to table
6. For the week ending November 15, 1972, and thereafter, includes $450 million of reserve deficiencies on which Federal Reserve Banks are allowed to waive penalties for a transition period in connection with bank adaptation to Regulation J as amended, effective November 9, 1972. Allowable deficiencies are as follows (beginning with first statement week of quarter, in millions): 1973--Q1, $279; Q2, $172; Q3, $112; Q4, $84; 1974--Q1, $67; Q2, $58. The transition period ended with the second quarter of 1974.Return to table
... Not applicable.

Return to top