Federal Reserve Statistical Release, H.3, Aggregate Reserves of Depository Institutions and the Monetary Base; title with eagle logo links to Statistical Release home page

Release Date: July 19, 2001

Release dates | Historical data | About
Current release  Other formats: Screen reader | ASCII | PDF (23 KB)

 H.3 (502)
Table 1      For Release at 4:30 p.m. Eastern Time
July 19, 2001
AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE
Adjusted for changes in reserve requirements1
Averages of daily figures, seasonally adjusted unless noted otherwise
Millions of dollars
  Reserves of depository institutions   Borrowings of depository institutions from
the Federal Reserve, NSA
Date total2 nonborrowed3 required excess NSA4 Monetary
base5
total adjustment seasonal
extended
credit
 2000-June                39882         39403            38766          1117        575307           479            90           389             0 
                                                                                                                                                   
      July                40124         39555            38981          1144        576957           570            60           510             0 
      Aug.                39643         39064            38639          1004        577531           579            25           554             0 
      Sep.                39386         38908            38267          1119        578335           477            50           427             0 
                                                                                                                                                   
      Oct.                39021         38602            37874          1147        579696           418           119           299             0 
      Nov.                39023         38739            37821          1201        581395           283           124           159             0 
      Dec.                38507         38297            37182          1325        583958           210            99           111             0 
                                                                                                                                                   
 2001-Jan.                38827         38754            37574          1253        589387            73            39            34             0 
      Feb.                38867         38815            37434          1432        591117            51            30            21             0 
      Mar.                38258         38200            36873          1385        592419            58            38            20             0 
                                                                                                                                                   
      Apr.                38788         38737            37511          1277        595915            51            15            35             0 
      May                 38888         38675            37869          1019        599061           213           134            79             0 
      June p              38759         38530            37417          1342        601837           229           110           120             0 
          
Two weeks ending           
 2001-May  16             38026         37680            37139           887        597179           346           267            79             0 
           30             39759         39662            38652          1107        601104            97            13            85             0 
                                                                                                                                                   
      June 13             37912         37617            36663          1249        600690           295           195           101             0 
           27             39453         39287            38028          1424        602502           166            36           130             0 
                                                                                                                                                   
      July 11p            39191         38947            37833          1358        603708           244            89           155             0 
 1. Reserves and monetary base figures incorporate adjustments for discontinuities, or "breaks", associated with regulatory changes in reserve 
requirements. For more information, see Table 3.
2. Seasonally adjusted, break-adjusted total reserves equal seasonally adjusted, break-adjusted required reserves plus unadjusted excess
reserves. (Also, see footnote 2 on Table 2 and footnote 2 on Table 3.)
3. Seasonally adjusted, break-adjusted nonborrowed reserves equal seasonally adjusted, break-adjusted total reserves less unadjusted total
borrowings of depository institutions from the Federal Reserve.
4. Excess reserves NSA equals unadjusted total reserves (Table 2, column 1) less adjusted required reserves (Table 2, column 3).
5. The seasonally adjusted, break-adjusted monetary base consists of (1) seasonally adjusted, break-adjusted total reserves plus (2)
the seasonally adjusted currency component of the money stock plus (3), for all quarterly reporters on the "Report of Transaction
Accounts, Other Deposits and Vault Cash" and for all those weekly reporters whose vault cash exceeds their required reserves, the
seasonally adjusted, break-adjusted difference between current vault cash and the amount applied to satisfy current reserve requirements.
(Also see footnote 3 on Table 2 and footnote 4 on table 3.)
p--preliminary
 
 
 
 
H.3 (502)
Table 2
AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE
Not adjusted for changes in reserve requirements1
Averages of daily figures, not seasonally adjusted
Millions of dollars
  Reserves of depository institutions    Vault cash5  
Date total2 nonborrowed required Monetary base3 Reserve
balances
with F.R
Banks4
total used to
satisfy
required
reserves6
surplus7 Net carryover
of reserve
balances8
 2000-June                 39363         38884         38247        581687         6610         44562         32753         11809   
                                                                                                                                    
      July                 39884         39315         38741        584283         6802         45476         33082         12394   
      Aug.                 39464         38885         38460        583401         6933         45330         32531         12799   
      Sep.                 39168         38691         38050        583519         6852         44830         32316         12514   
                                                                                                                                    
      Oct.                 38776         38358         37629        585014         6778         45234         31998         13236   
      Nov.                 38786         38502         37584        589120         7156         44636         31629         13007   
      Dec.                 38540         38331         37216        597120         7159         45229         31381         13848   
                                                                                                                                    
 2001-Jan.                 39791         39718         38538        598377         7190         47683         32601         15083   
      Feb.                 39349         39298         37917        595586         6615         48517         32734         15783   
      Mar.                 37715         37657         36329        598195         6737         44104         30978         13127   
                                                                                                                                    
      Apr.                 38591         38540         37314        601835         6863         43656         31728         11929   
      May                  39382         39169         38363        605481         7610         43263         31772         11491   
      June p               38218         37988         36876        608787         7041         43133         31176         11956   
          
Two weeks ending           
 2001-May  16              38189         37844         37302        603824         7159         42645         31031         11615           147 
           30              40689         40592         39582        607390         8159         43900         32530         11370            -2 
                                                                                                                                                
      June 13              37026         36731         35776        607844         6756         42155         30270         11885            -4 
           27              39243         39078         37819        608692         7279         43811         31964         11846            83 
                                                                                                                                                
      July 11p             38601         38358         37243        613322         7170         44209         31431         12777           102 
 1. Reflects actual required reserves, with no adjustments to eliminate the effects of discontinuities, or "breaks", associated with 
regulatory changes in reserve requirements.
2. Reserve balances with Federal Reserve Banks plus vault cash used to satisfy reserve requirements.
3. The monetary base, not break-adjusted and not seasonally adjusted, consists of (1) total reserves plus (2) required clearing balances
and adjustments to compensate for float at Federal Reserve Banks plus (3) the currency component of the money stock plus (4), for all
quarterly reporters on the "Report of Transaction Accounts, Other Deposits and Vault Cash" and for all those weekly reporters whose
vault cash exceeds their required reserves, the difference between current vault cash and the amount applied to satisfy current reserve
requirements. Currency and vault cash figures are measured over computation periods ending on Mondays.
4. Excludes required clearing balances and adjustments to compensate for float and includes other off-balance sheet "as-of" adjustments.
5. Vault cash eligible to satisfy reserve requirements. It includes only vault cash held by those banks and thrifts 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.
6. All vault cash held during the lagged computation period by "bound" institutions (i.e., those whose required reserves exceed their vault
cash) plus the amount of vault cash applied during the maintenance period by "nonbound" institutions (i.e., those whose vault cash
exceeds their required reserves) to satisfy current reserve requirements.
7. Total vault cash eligible to satisfy reserve requirements, held by depository institutions not exempt from reserve requirements, minus the
amount used to satisfy reserve requirements.
8. Consists of carryover only at depository institutions maintaining reserves on the basis of two-week maintenance periods. Reflects excess (+)
or deficit (-) reserves eligible to be carried forward into the two-week reserve maintenance period ending on the date shown.
p--preliminary
 
 
 
 
H.3 (502)
Table 3
AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE
Adjusted for changes in reserve requirements1
Averages of daily figures, not seasonally adjusted
Millions of dollars
  Reserves of depository institutions  
Date total2 nonborrowed required3 Monetary base
 2000-June                39404         38925         38287          574811 
                                                                            
      July                39930         39360         38786          577493 
      Aug.                39509         38930         38505          576664 
      Sep.                39224         38746         38105          576836 
                                                                            
      Oct.                38837         38419         37690          578291 
      Nov.                38846         38563         37645          582356 
      Dec.                38596         38386         37271          590200 
                                                                            
 2001-Jan.                39775         39702         38522          591498 
      Feb.                39378         39327         37946          589036 
      Mar.                37762         37705         36377          591364 
                                                                            
      Apr.                38655         38605         37379          594915 
      May                 39462         39249         38443          598571 
      June p              38316         38086         36974          601651 
         
Two weeks ending          
 2001-May  16             38264         37918         37377          596991 
           30             40777         40680         39670          600439 
                                                                            
      June 13             37115         36820         35865          600848 
           27             39345         39180         37921          601477 
                                                                            
      July 11p            38716         38473         37358          605938 
 
1. Figures reflect adjustments for discontinuities, or "breaks", associated with
regulatory changes in reserve requirements.
2. Break-adjusted total reserves equal break-adjusted required reserves (Table 3,
column 3) plus excess reserves NSA (Table 1, column 5).
3. To adjust required reserves for discontinuities due to regulatory changes in
in reserve requirements, a multiplicative procedure is used to estimate what
required reserves would have been in past periods had current reserve
requirements been in effect. Break-adjusted required reserves are equal to
break-adjusted required reserves against transactions deposits.
4. The break-adjusted monetary base equals (1) break-adjusted total reserves plus
(2) the (unadjusted) currency component of the money stock plus (3), for all
quarterly reporters on the "Report of Transaction Accounts, Other Deposits and
Vault Cash" and for all those weekly reporters whose vault cash exceeds their
required reserves, the break-adjusted difference between current vault cash and
the amount applied to satisfy current reserve requirements.
p--preliminary          
 

Note: Current and historical H.3 data are available each week on the Federal Reserve
Board's web site (http://www.federalreserve.gov/). Monthly data are available
back to January 1959, and weekly data are available back to January 1975 for most
series. For information about individual copies or subscriptions, contact
Publications Services at the Federal Reserve Board (phone 202-452-3245,
fax 202-728-5886). For paid electronic access to current and historical data,
call STAT-USA at 1-800-782-8872 or 202-482-1986.

Release dates | Historical data | About
Current release  Other formats: Screen reader | ASCII | PDF (23 KB)
Home | Statistical releases
Accessibility
To comment on this site, please fill out our feedback form.
Last update: July 19, 2001