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Release Date: July 27, 2017

Table 1

Not seasonally adjusted. Millions of dollars unless otherwise noted.
Date Reserve balances required Reserve balances maintained 4
Reserve balance
requirements 1
Top of penalty-
free band 2
Bottom of penalty-
free band 3
Total Balances
maintained to
satisfy reserve
balance
requirements 5
Balances
maintained that
exceed the top of
the penalty-
free band 6
Month 7
June 2016 99,675 109,656 89,696 2,367,024 109,284 2,257,741
July 2016 102,003 112,218 91,790 2,309,659 111,795 2,197,864
Aug. 2016 102,950 113,258 92,643 2,352,298 112,997 2,239,301
Sept. 2016 107,825 118,620 97,031 2,265,320 118,285 2,147,036
Oct. 2016 105,688 116,270 95,108 2,095,127 116,011 1,979,116
Nov. 2016 107,345 118,091 96,599 2,140,315 117,875 2,022,440
Dec. 2016 105,944 116,551 95,338 2,031,007 116,285 1,914,722
Jan. 2017 110,483 121,546 99,424 2,092,776 121,169 1,971,607
Feb. 2017 108,252 119,092 97,415 2,237,980 118,775 2,119,205
Mar. 2017 108,174 119,005 97,345 2,326,253 118,757 2,207,497
Apr. 2017 113,224 124,561 101,890 2,281,420 124,219 2,157,202
May 2017 115,464 127,023 103,906 2,225,769 126,547 2,099,222
June 2017 118,187 130,018 106,357 2,206,547 129,695 2,076,852
             
Two weeks ending 8
May 24, 2017 114,179 125,609 102,750 2,231,370 125,084 2,106,286
June 7, 2017 116,409 128,062 104,756 2,246,968 127,746 2,119,222
June 21, 2017 116,539 128,205 104,875 2,242,268 127,863 2,114,405
July 5, 2017 122,134 134,358 109,909 2,119,541 134,060 1,985,481
July 19, 2017 110,585 121,655 99,515 2,237,431 121,275 2,116,156

Footnotes

  1. Equals required reserves (table 2, column 2) less vault cash used to satisfy required reserves (table 2, column 4).
  2. Equals the sum of each institution's top of the penalty-free band. For each institution, the top of the penalty-free band is equal to the institution's reserve balance requirement plus an amount that is the greater of 10 percent of the institution's reserve balance requirement or $50,000.
  3. Equals the sum of each institution's bottom of the penalty-free band. For each institution, the bottom of the penalty-free band is equal to the institution's reserve balance requirement less an amount that is the greater of 10 percent of the institution's reserve balance requirement or $50,000.
  4. Effective February 18, 2014, omits balances held by designated financial market utilities. These balances are reported in the H.4.1 statistical release.
  5. Equals the sum of balances maintained up to the top of each institution's penalty-free band.
  6. Equals the sum of balances maintained that exceed the top of each institution's penalty-free band.
  7. Prorated averages of biweekly averages.
  8. Averages of daily figures.

Table 2

Not seasonally adjusted. Millions of dollars.
Date Reserves Vault cash 2 Monetary base
Total 1 Required Total Used to satisfy
required
reserves 3
Surplus 4 Total 5 Total balances
maintained 6
Currency in
circulation
Month 7
June 2016 2,427,479 160,129 69,883 60,455 9,428 3,825,451 2,367,024 1,458,426
July 2016 2,371,183 163,527 71,323 61,524 9,800 3,772,544 2,309,659 1,462,885
Aug. 2016 2,413,530 164,182 71,711 61,232 10,479 3,816,726 2,352,298 1,464,428
Sept. 2016 2,325,108 167,612 70,182 59,787 10,395 3,735,888 2,265,320 1,470,567
Oct. 2016 2,156,060 166,622 71,123 60,933 10,190 3,572,132 2,095,127 1,477,005
Nov. 2016 2,201,670 168,699 71,126 61,355 9,772 3,629,770 2,140,315 1,489,455
Dec. 2016 2,095,286 170,224 74,750 64,280 10,470 3,531,565 2,031,007 1,500,558
Jan. 2017 2,158,542 176,249 75,792 65,766 10,027 3,595,455 2,092,776 1,502,679
Feb. 2017 2,302,936 173,208 76,276 64,956 11,319 3,746,408 2,237,980 1,508,429
Mar. 2017 2,387,779 169,699 72,018 61,525 10,492 3,856,287 2,326,253 1,530,034
Apr. 2017 2,344,812 176,616 74,050 63,392 10,658 3,821,692 2,281,420 1,540,272
May 2017 2,288,935 178,630 72,951 63,166 9,784 3,774,395 2,225,769 1,548,626
June 2017 2,269,683 181,324 72,878 63,137 9,741 3,762,763 2,206,547 1,556,216
                 
Two weeks ending 8
May 24, 2017 2,294,212 177,021 73,028 62,842 10,186 3,779,273 2,231,370 1,547,904
June 7, 2017 2,309,265 178,706 71,711 62,297 9,414 3,802,211 2,246,968 1,555,243
June 21, 2017 2,304,330 178,601 72,343 62,062 10,281 3,796,923 2,242,268 1,554,655
July 5, 2017 2,185,002 187,595 74,619 65,461 9,158 3,678,944 2,119,541 1,559,403
July 19, 2017 2,299,015 172,169 73,316 61,584 11,732 3,800,860 2,237,431 1,563,429

Footnotes

  1. Equals total reserve balances maintained (table 1, column 4) plus vault cash used to satisfy required reserves.
  2. Vault cash eligible to satisfy reserve requirements. It includes only vault cash held by institutions not exempt from reserve requirements. Dates refer to the maintenance periods for which the vault cash can be used to satisfy reserve requirements.
  3. 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.
  4. Total vault cash eligible to satisfy reserve requirements, held by institutions not exempt from reserve requirements, minus the amount used to satisfy reserve requirements.
  5. Equals total balances maintained plus currency in circulation.
  6. Effective February 18, 2014, omits balances held by designated financial market utilities. These balances are reported in the H.4.1 statistical release.
  7. Prorated averages of biweekly averages.
  8. Averages of daily figures.

Table 3

Not seasonally adjusted. Millions of dollars.
Date Borrowings from the Federal Reserve Nonborrowed
reserves 1
Total Primary Secondary Seasonal Other credit
extensions
Month 2
June 2016 130 25 0 105 0 2,427,350
July 2016 204 37 0 167 0 2,370,978
Aug. 2016 207 6 0 201 0 2,413,323
Sept. 2016 206 12 0 195 0 2,324,901
Oct. 2016 125 5 0 119 0 2,155,936
Nov. 2016 39 8 0 30 0 2,201,631
Dec. 2016 39 13 0 25 0 2,095,247
Jan. 2017 16 11 0 5 0 2,158,526
Feb. 2017 21 17 0 4 0 2,302,916
Mar. 2017 12 7 0 5 0 2,387,767
Apr. 2017 45 21 0 24 0 2,344,767
May 2017 56 11 0 44 0 2,288,880
June 2017 95 15 0 80 0 2,269,588
             
Two weeks ending 3
May 24, 2017 58 14 0 44 0 2,294,154
June 7, 2017 60 4 0 56 0 2,309,205
June 21, 2017 87 13 0 74 0 2,304,244
July 5, 2017 136 28 0 108 0 2,184,866
July 19, 2017 161 12 0 149 0 2,298,854

Footnotes

  1. Equals total reserves (table 2, column 1) less total borrowings from the Federal Reserve.
  2. Prorated averages of biweekly averages.
  3. Averages of daily figures.
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Last Update: July 27, 2017