The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.
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Stocks outstanding from the H.4.1 Federal Reserve statistical release, table 1 Factors Affecting Reserve Balances of Depository Institutions, sum of Term auction credit, Primary credit, Secondary credit, and Seasonal credit. While data is released weekly (Wednesday), we use only quarter end dates. Transactions are calculated as the change in the stocks outstanding. Data for the most recent ten years show no significant seasonality.