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Release Date: March 23, 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
Feb. 2016 90,677 99,760 81,596 2,448,797 99,391 2,349,406
Mar. 2016 92,787 102,081 83,495 2,460,382 101,702 2,358,680
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
             
Two weeks ending 8
Jan. 18, 2017 100,559 110,628 90,492 2,108,187 110,357 1,997,830
Feb. 1, 2017 121,521 133,688 109,357 2,135,812 133,186 2,002,626
Feb. 15, 2017 100,538 110,606 90,472 2,233,817 110,273 2,123,544
Mar. 1, 2017 115,539 127,107 103,973 2,250,323 126,822 2,123,501
Mar. 15, 2017 102,352 112,600 92,105 2,352,061 112,353 2,239,708

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
Feb. 2016 2,510,850 152,731 73,533 62,053 11,480 3,872,483 2,448,797 1,423,686
Mar. 2016 2,519,685 152,090 69,785 59,303 10,482 3,898,431 2,460,382 1,438,049
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 71,116 60,933 10,182 3,572,132 2,095,127 1,477,005
Nov. 2016 2,201,670 168,699 71,124 61,355 9,770 3,629,778 2,140,315 1,489,463
Dec. 2016 2,095,286 170,224 74,739 64,280 10,460 3,531,581 2,031,007 1,500,574
Jan. 2017 2,158,542 176,249 75,790 65,766 10,024 3,595,447 2,092,776 1,502,671
Feb. 2017 2,302,936 173,208 76,266 64,956 11,310 3,746,400 2,237,980 1,508,420
                 
Two weeks ending 8
Jan. 18, 2017 2,172,308 164,680 76,048 64,121 11,927 3,612,499 2,108,187 1,504,312
Feb. 1, 2017 2,203,125 188,834 75,389 67,313 8,076 3,635,163 2,135,812 1,499,351
Feb. 15, 2017 2,299,116 165,837 78,718 65,299 13,419 3,738,338 2,233,817 1,504,521
Mar. 1, 2017 2,314,729 179,945 73,694 64,406 9,288 3,763,639 2,250,323 1,513,317
Mar. 15, 2017 2,411,939 162,230 71,601 59,878 11,723 3,879,112 2,352,061 1,527,051

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
Feb. 2016 34 23 0 10 0 2,510,816
Mar. 2016 21 9 0 13 0 2,519,664
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
             
Two weeks ending 3
Jan. 18, 2017 9 7 0 2 0 2,172,299
Feb. 1, 2017 14 11 0 3 0 2,203,111
Feb. 15, 2017 14 10 0 4 0 2,299,102
Mar. 1, 2017 28 25 0 3 0 2,314,701
Mar. 15, 2017 8 5 0 3 0 2,411,932

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: March 23, 2017