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Aggregate Reserves of Depository Institutions and the Monetary Base - H.3-  Current Release        Release DatesAbout
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 Current Release  PDF RSS DDP Release Date: February 6, 2020Table 1Not seasonally adjusted. Millions of dollars unless otherwise noted.DateReserve balances requiredReserve balances maintained 4Reserve balance  requirements 1Top of penalty-  free band 2Bottom of penalty-  free band 3TotalBalances  maintained to  satisfy reserve  balance  requirements 5Balances  maintained that  exceed the top of  the penalty-  free band 6 Month 7Dec. 2018123,703136,085111,3221,691,394135,6981,555,696Jan. 2019131,130144,255118,0061,639,030143,6151,495,414Feb. 2019125,129137,655112,6061,645,233137,1281,508,105Mar. 2019128,423141,279115,5691,661,297140,9261,520,371Apr. 2019130,120143,144117,0981,559,450142,6411,416,809May 2019134,717148,200121,2371,511,285147,7921,363,493June 2019134,908148,409121,4081,535,857148,0251,387,832July 2019135,103148,624121,5841,513,550148,1911,365,359Aug. 2019134,639148,114121,1671,520,876147,5551,373,321Sept. 2019134,707148,188121,2271,439,771147,4981,292,273Oct. 2019134,998148,509121,4891,481,513148,0501,333,462Nov. 2019140,705154,787126,6251,529,341154,2561,375,085Dec. 2019138,984152,893125,0761,630,090152,5621,477,528  Two weeks ending 8Dec. 4, 2019149,112164,034134,1911,549,979163,4001,386,579Dec. 18, 2019129,562142,529116,5961,649,453142,1711,507,282Jan. 1, 2020146,015160,627131,4041,633,887160,4181,473,469Jan. 15, 2020135,017148,531121,5061,670,444148,0251,522,419Jan. 29, 2020156,503172,164140,8441,619,016171,5641,447,452Footnotes- Equals required reserves (table 2, column 2) less vault cash used to satisfy required reserves (table 2, column 4).
- 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.
- 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.
- Effective February 18, 2014, omits balances held by designated financial market utilities. These balances are reported in the H.4.1 statistical release.
- Equals the sum of balances maintained up to the top of each institution's penalty-free band.
- Equals the sum of balances maintained that exceed the top of each institution's penalty-free band.
- Prorated averages of biweekly averages.
- Averages of daily figures.
Table 2Not seasonally adjusted. Millions of dollars.DateReservesVault cash 2Monetary baseTotal 1RequiredTotalUsed to satisfy   required   reserves 3Surplus 4Total 5Total balances  maintained 6Currency in  circulation Month 7Dec. 20181,759,856192,16580,81268,46212,3503,400,7471,691,3941,709,353Jan. 20191,707,256199,35680,38968,22612,1633,346,8791,639,0301,707,849Feb. 20191,713,683193,57981,29868,45012,8483,353,4671,645,2331,708,234Mar. 20191,725,938193,06476,81464,64012,1743,381,4551,661,2971,720,158Apr. 20191,623,904194,57576,13564,45511,6813,286,6501,559,4501,727,201May 20191,576,309199,74275,82665,02410,8023,244,4601,511,2851,733,175June 20191,601,309200,36076,10665,45210,6543,274,8251,535,8571,738,968July 20191,578,615200,16976,48565,06511,4193,260,3161,513,5501,746,765Aug. 20191,586,844200,60878,45065,96912,4823,271,3781,520,8761,750,502Sept. 20191,504,805199,74176,54965,03511,5153,202,6681,439,7711,762,898Oct. 20191,547,136200,62176,65865,62311,0353,252,8071,481,5131,771,294Nov. 20191,595,222206,58676,91865,88111,0373,315,5511,529,3411,786,209Dec. 20191,698,344207,23980,16568,25511,9113,426,4831,630,0901,796,393  Two weeks ending 8Dec. 4, 20191,617,384216,51777,10867,4059,7033,340,4731,549,9791,790,494Dec. 18, 20191,715,858195,96780,58166,40514,1763,441,8411,649,4531,792,388Jan. 1, 20201,704,395216,52380,65970,50810,1513,436,4101,633,8871,802,523Jan. 15, 20201,738,005202,57881,24767,56113,6863,471,5801,670,4441,801,136Jan. 29, 20201,690,759228,24680,72371,7438,9803,412,5051,619,0161,793,490Footnotes- Equals total reserve balances maintained (table 1, column 4) plus vault cash used to satisfy required reserves.
- 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.
- 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.
- Total vault cash eligible to satisfy reserve requirements, held by institutions not exempt from reserve requirements, minus the amount used to satisfy reserve requirements.
- Equals total balances maintained plus currency in circulation.
- Effective February 18, 2014, omits balances held by designated financial market utilities. These balances are reported in the H.4.1 statistical release.
- Prorated averages of biweekly averages.
- Averages of daily figures.
Table 3Not seasonally adjusted. Millions of dollars.DateBorrowings from the Federal ReserveNonborrowed   reserves 1TotalPrimarySecondarySeasonalOther credit  extensions Month 2Dec. 2018761805801,759,780Jan. 201926200601,707,230Feb. 201919701201,713,664Mar. 20191570801,725,923Apr. 2019301401501,623,875May 2019561803801,576,254June 2019802006001,601,229July 20191209011101,578,495Aug. 201911716010101,586,727Sept. 20191011508601,504,704Oct. 201963405901,547,073Nov. 201926402201,595,196Dec. 2019211001101,698,323  Two weeks ending 3Dec. 4, 201920401701,617,364Dec. 18, 2019231301001,715,835Jan. 1, 202020901101,704,375Jan. 15, 2020540201,738,000Jan. 29, 2020660001,690,753Footnotes- Equals total reserves (table 2, column 1) less total borrowings from the Federal Reserve.
- Prorated averages of biweekly averages.
- Averages of daily figures.
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