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Release Date: May 18, 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
Apr. 2016 97,241 106,979 87,504 2,427,737 106,587 2,321,150
May 2016 101,151 111,280 91,024 2,384,089 110,769 2,273,320
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
             
Two weeks ending 8
Mar. 15, 2017 102,352 112,600 92,105 2,352,061 112,353 2,239,708
Mar. 29, 2017 113,740 125,128 102,354 2,310,173 124,875 2,185,298
Apr. 12, 2017 106,281 116,923 95,641 2,296,133 116,720 2,179,413
Apr. 26, 2017 118,210 130,046 106,377 2,291,191 129,635 2,161,556
May 10, 2017 116,600 128,274 104,930 2,203,089 127,757 2,075,332

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
Apr. 2016 2,487,012 156,515 69,557 59,274 10,282 3,872,940 2,427,737 1,445,202
May 2016 2,443,789 160,850 69,233 59,699 9,533 3,836,529 2,384,089 1,452,439
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 9,799 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 70,180 59,787 10,393 3,735,888 2,265,320 1,470,567
Oct. 2016 2,156,060 166,622 71,117 60,933 10,184 3,572,132 2,095,127 1,477,005
Nov. 2016 2,201,670 168,699 71,127 61,355 9,773 3,629,770 2,140,315 1,489,455
Dec. 2016 2,095,286 170,224 74,742 64,280 10,463 3,531,565 2,031,007 1,500,558
Jan. 2017 2,158,542 176,249 75,794 65,766 10,028 3,595,455 2,092,776 1,502,679
Feb. 2017 2,302,936 173,208 76,271 64,956 11,315 3,746,401 2,237,980 1,508,421
Mar. 2017 2,387,779 169,699 72,007 61,525 10,482 3,856,260 2,326,253 1,530,006
Apr. 2017 2,344,812 176,616 74,037 63,392 10,646 3,821,650 2,281,420 1,540,230
                 
Two weeks ending 8
Mar. 15, 2017 2,411,939 162,230 71,606 59,878 11,728 3,879,112 2,352,061 1,527,051
Mar. 29, 2017 2,373,235 176,802 72,117 63,062 9,055 3,843,120 2,310,173 1,532,947
Apr. 12, 2017 2,356,994 167,142 73,204 60,861 12,343 3,834,589 2,296,133 1,538,456
Apr. 26, 2017 2,356,513 183,532 74,847 65,322 9,525 3,831,589 2,291,191 1,540,398
May 10, 2017 2,267,318 180,829 73,706 64,229 9,477 3,748,053 2,203,089 1,544,964

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
Apr. 2016 63 20 0 42 0 2,486,949
May 2016 79 10 0 69 0 2,443,710
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
             
Two weeks ending 3
Mar. 15, 2017 8 5 0 3 0 2,411,932
Mar. 29, 2017 10 3 0 7 0 2,373,225
Apr. 12, 2017 53 37 0 15 0 2,356,941
Apr. 26, 2017 38 10 0 28 0 2,356,475
May 10, 2017 49 13 0 37 0 2,267,269

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: May 18, 2017