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Release Date: January 18, 2018

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
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
July 2017 120,636 132,712 108,561 2,233,323 132,296 2,101,027
Aug. 2017 120,091 132,113 108,071 2,344,015 131,641 2,212,375
Sept. 2017 122,109 134,332 109,887 2,295,735 133,950 2,161,785
Oct. 2017 116,873 128,574 105,176 2,245,701 128,204 2,117,497
Nov. 2017 123,141 135,467 110,816 2,314,455 134,981 2,179,474
Dec. 2017 123,720 136,103 111,337 2,244,274 135,719 2,108,555
             
Two weeks ending 8
Nov. 22, 2017 120,635 132,711 108,561 2,338,081 132,260 2,205,821
Dec. 6, 2017 128,285 141,126 115,446 2,309,993 140,634 2,169,359
Dec. 20, 2017 116,821 128,514 105,127 2,310,863 128,150 2,182,713
Jan. 3, 2018 130,010 143,022 116,998 2,123,678 142,672 1,981,006
Jan. 17, 2018 117,440 129,195 105,685 2,241,398 128,685 2,112,713

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
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 74,049 63,392 10,657 3,821,697 2,281,420 1,540,277
May 2017 2,288,936 178,630 72,949 63,167 9,782 3,774,412 2,225,769 1,548,643
June 2017 2,269,683 181,324 72,876 63,137 9,739 3,762,780 2,206,547 1,556,234
July 2017 2,296,929 184,242 73,578 63,606 9,972 3,795,430 2,233,323 1,562,107
Aug. 2017 2,407,173 183,249 74,405 63,158 11,247 3,910,022 2,344,015 1,566,007
Sept. 2017 2,357,875 184,248 73,045 62,140 10,906 3,874,484 2,295,735 1,578,749
Oct. 2017 2,310,902 182,074 76,485 65,200 11,285 3,829,898 2,245,701 1,584,197
Nov. 2017 2,378,282 186,968 74,572 63,827 10,746 3,907,719 2,314,455 1,593,264
Dec. 2017 2,309,823 189,269 76,633 65,549 11,084 3,850,968 2,244,274 1,606,694
                 
Two weeks ending 8
Nov. 22, 2017 2,401,374 183,928 74,806 63,293 11,513 3,930,977 2,338,081 1,592,896
Dec. 6, 2017 2,374,541 192,833 74,262 64,548 9,714 3,909,390 2,309,993 1,599,398
Dec. 20, 2017 2,374,977 180,935 76,180 64,114 12,066 3,914,106 2,310,863 1,603,243
Jan. 3, 2018 2,191,599 197,931 78,503 67,921 10,582 3,738,744 2,123,678 1,615,066
Jan. 17, 2018 2,305,520 181,562 77,030 64,122 12,908 3,854,014 2,241,398 1,612,616

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
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
July 2017 166 12 0 154 0 2,296,763
Aug. 2017 220 7 0 213 0 2,406,953
Sept. 2017 224 10 0 214 0 2,357,651
Oct. 2017 151 4 0 146 0 2,310,751
Nov. 2017 65 11 0 54 0 2,378,217
Dec. 2017 75 43 0 33 0 2,309,747
             
Two weeks ending 3
Nov. 22, 2017 68 18 0 50 0 2,401,307
Dec. 6, 2017 46 6 0 41 0 2,374,495
Dec. 20, 2017 77 43 0 35 0 2,374,900
Jan. 3, 2018 90 64 0 27 0 2,191,509
Jan. 17, 2018 41 38 0 4 0 2,305,479

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: January 18, 2018