Figure 3.1 illustrates a weekly reporter’s reserve maintenance cycle. A weekly reporter’s reserve maintenance cycle links a 14-day computation period for net transaction accounts and vault cash to a 14-day maintenance period. The 14-day computation period consists of two seven-day reporting periods; each reporting period begins on a Tuesday and ends on a Monday. The 14-day reserve maintenance period begins on a Thursday, 17 days after the end of the computation period, and ends on the second Wednesday thereafter.
Figure 3.2 illustrates a quarterly reporter’s reserve maintenance cycle. The cycle consists of a single computation period linked to an interval of either six or seven consecutive two-week maintenance periods. The computation period is the quarterly reporter’s seven-day reporting period, which begins on the third Tuesday of the last month in each quarter and ends the following Monday. Each 14-day maintenance period in the cycle begins on a Thursday and ends the second Wednesday thereafter. The interval of either six or seven periods begins on either the fourth or fifth Thursday following the end of the computation period, depending on which Thursday is the first week of a two-week maintenance period. The interval will end on the either the fourth or fifth Wednesday following the end of the subsequent quarterly computation period, depending on which Wednesday is the last day of a two-week maintenance period. The illustration depicts a quarterly reserve maintenance cycle with only six consecutive two-week maintenance periods..