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`FEDERAL RESERVE statistical release
  
 H.3 (502)
 Table 1                                                                                                For release at 4:30 p.m. Eastern Time
 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE                                                   February 4, 2010
 Adjusted for changes in reserve requirements(1)                                                                                              
 Seasonally adjusted unless noted otherwise
 Millions of dollars
 -----------------------------------------------------------------------------------------------------------------------------------------------
                                             Reserves of depository institutions                             
                      ---------------------------------------------------------------------------------
                                                                                                                              Total borrowings    
      Date                      Total            Nonborrowed           Required            Excess,            Monetary            from the    
                                 (2)                 (3)                                     NSA                base          Federal Reserve,    
                                                                                             (4)                 (5)                NSA     
------------------------------------------------------------------------------------------------------------------------------------------------
 Month(6)
  2008-Dec.                    820306              166740               52972              767333             1654068              653565
                                                                                                                                         
  2009-Jan.                    856993              293496               58813              798180             1702465              563496
       Feb.                    699935              117438               56486              643449             1555039              582497
       Mar.                    779497              167385               54891              724605             1640732              612111
                                                                                                                                         
       Apr.                    881019              322825               56658              824362             1747298              558194
       May                     900866              375418               56797              844068             1768832              525448
       June                    809196              370473               57840              751355             1679687              438722
                                                                                                                                         
       July                    794995              428033               62015              732980             1666475              366961
       Aug.                    828466              497017               62639              765827             1703377              331450
       Sep.                    922473              615646               62408              860065             1800961              306827
                                                                                                                                         
       Oct.                   1056405              791347               61673              994732             1936564              265058
       Nov.                   1140488              923181               63200             1077288             2018813              217307
       Dec.                   1138598              968671               63188             1075410             2017662              169927

 Two weeks ending(7)                                                                                                                           
  2009-Dec.  2                1183604              977096               64044             1119560             2062136              206509
            16                1152928              981471               63239             1089689             2032567              171457
            30                1122937              959413               63064             1059874             2001687              163525
                                                                                                                                         
  2010-Jan. 13                1067209              902230               62507             1004703             1943682              164979
            27p               1126561             1001261               63168             1063393             2005373              125300
                                                                                                                                         
------------------------------------------------------------------------------------------------------------------------------------------------  
 1. Reserves and monetary base figures incorporate adjustments for discontinuities, or "breaks," associated with regulatory changes in reserve 
    requirements. (For more information, refer to table 3.)
 2. Seasonally adjusted, break-adjusted total reserves equal seasonally adjusted, break-adjusted required reserves plus unadjusted excess 
    reserves. (Also, refer to footnote 2 in table 2 and footnote 2 in table 3.)
 3. Seasonally adjusted, break-adjusted nonborrowed reserves equal seasonally adjusted, break-adjusted total reserves less unadjusted total
    borrowings from the Federal Reserve.
 4. Excess reserves NSA equals unadjusted total reserves (table 2, column 1) less unadjusted required reserves (table 2, column 3).
 5. The seasonally adjusted, break-adjusted monetary base consists of (1) seasonally adjusted, break-adjusted total reserves plus (2) the
    seasonally adjusted currency component of the money stock plus (3), for all quarterly reporters on the "Report of Transaction Accounts,
    Other Deposits and Vault Cash" and for all those weekly reporters whose vault cash exceeds their required reserves, the seasonally adjusted,
    break-adjusted difference between current vault cash and the amount applied to satisfy current reserve requirements.  (Also, refer to 
    footnote 3 in table 2 and footnote 4 in table 3.)
 6. Prorated averages of biweekly averages.
 7. Averages of daily figures.
 
 p  preliminary
1
   
  
  
  
 H.3 (502)
 Table 1a                                                                                                
 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE                                                          
 Not seasonally adjusted
 Millions of dollars
 -------------------------------------------------------------------------------------------------------------------------------------------------------------- 
                                                                              Other borrowings from the Federal Reserve(1)                                       
                                                 -------------------------------------------------------------------------------------------------------------- 
      Date                  Total                                                      Primary dealer    Asset-Backed       Credit          Term                           
                          borrowings    Term                                              and other    Commercial Paper   extended to   Asset-Backed   Other     
                           from the    auction      Primary     Secondary    Seasonal   broker-dealer    Money Market      American      Securities    credit   
                           Federal     credit                                              credit         Mutual Fund    International      Loan     extensions 
                           Reserve                                                           (2)          Liquidity      Group, Inc.,     Facility,             
                                                                                                           Facility         net(3)          net(4) 
 -------------------------------------------------------------------------------------------------------------------------------------------------------------- 
 Month(5)                                                                                                                                                 
  2008-Dec.                 653565       438327        88245           52            3         47631         32102            47206                        0  
                                                                                                                                                              
  2009-Jan.                 563496       403523        70436           39            1         33061         17745            38690                        0  
       Feb.                 582497       438822        65463           11            3         26250         13533            38414                        0  
       Mar.                 612111       477049        62513            9            3         20292          7857            43328           1061         0  
                                                                                                                                                              
       Apr.                 558194       444933        47324           45            2         10918          4267            45057           5649         0  
       May                  525448       403970        40124           14           10           701         23347            44915          12367         0  
       June                 438722       316868        37302           21           32             0         18891            43057          22552         0  
                                                                                                                                                              
       July                 366961       255119        34366           66           80             0          6230            43108          27993         0  
       Aug.                 331450       224490        32147          600          110             0           184            40021          33898         0  
       Sep.                 306827       196731        29243          554          111             0            79            39074          41036         0  
                                                                                                                                                              
       Oct.                 265058       155396        25163          402           82             0            28            41222          42765         0  
       Nov.                 217307       110049        20434           38           67             0             0            43222          43497         0  
       Dec.                 169927        82014        19025          518           37             0             0            22023          46310         0  
                                                                                                                                                               
 Two weeks ending(6)                                                                                                                                           
  2009-Dec.  2              206509       101009        19875            0           58             0             0            41558          44009         0  
            16              171457        85832        19222          122           34             0             0            20716          45533         0  
            30              163525        75918        18746          958           38             0             0            20528          47337         0  
                                                                                                                                                              
  2010-Jan. 13              164979        75918        18477          960           11             0             0            22188          47426         0  
            27p             125300        38531        14984          979            0             0             0            23430          47376         0  
                                                                                                                                                              
---------------------------------------------------------------------------------------------------------------------------------------------------------------  
 1. The Federal Reserve Bank of New York (FRBNY) has extended credit to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and Commercial Paper Funding
    Facility LLC, as discussed in the notes to the Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and 
    Condition Statement of Federal Reserve Banks."  Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have
    been consolidated with the assets and liabilities of the FRBNY because the FRBNY is either the sole or primary beneficiary of the LLCs.  As a consequence
    of this consolidation, the extensions of credit from the FRBNY to these LLCs are eliminated from the Federal Reserve's balance sheet, and, thus, the loans
    are not included in borrowed reserves.
 2. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain other broker-dealers.
 3. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring. Excludes credit 
    extended to consolidated LLCs as described in footnote 1 above.
 4. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility, net of 
    unamortized deferred administrative fees.
 5. Prorated averages of biweekly averages.
 6. Averages of daily figures.

 p  preliminary
1        
   
   
   
 H.3 (502)
 Table 2
 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE
 Not adjusted for changes in reserve requirements(1) 
 Not seasonally adjusted
 Millions of dollars
 -------------------------------------------------------------------------------------------------------------------------------------------
                        Reserves of depository institutions                                         Vault cash(5)
                      --------------------------------------                             ------------------------------------
                                                                             Reserve                    Used to                      Net
      Date                Total     Nonborrowed   Required     Monetary      balances       Total       satisfy      Surplus      carryover
                           (2)                                   base       with F.R.                  required        (7)        of reserve
                                                                 (3)          Banks                    reserves                    balances
                                                                               (4)                        (6)                         (8)  
 -------------------------------------------------------------------------------------------------------------------------------------------
 Month(9)                                                                                
  2008-Dec.              820877       167311         53544      1663927       783635        56215        37242         18973
                                                                                                                            
  2009-Jan.              860222       296726         62042      1711651       820658        56360        39564         16797
       Feb.              700803       118306         57355      1561592       662039        56796        38764         18031
       Mar.              778037       165926         53432      1646838       740909        53154        37128         16026
                                                                                                                            
       Apr.              881836       323642         57474      1752737       844595        51843        37241         14602
       May               902944       377496         58876      1774878       865427        51384        37518         13866
       June              809862       371139         58506      1684027       772065        52336        37796         14540
                                                                                                                            
       July              796552       429590         63572      1673096       758878        51721        37674         14047
       Aug.              828798       497349         62971      1706184       790761        51986        38038         13948
       Sep.              922627       615801         62562      1800143       884158        52094        38469         13625
                                                                                                                            
       Oct.             1056820       791762         62088      1935893      1017783        53053        39037         14016
       Nov.             1141517       924210         64229      2022198      1102297        52829        39219         13610
       Dec.             1140470       970543         65060      2026229      1099826        55212        40644         14568

 Two weeks ending(10)                                                                                                                    
  2009-Dec.  2          1188375       981867         68815      2069187      1147718        52628        40658         11971         1844
            16          1150822       979365         61132      2035644      1111565        54752        39257         15495         2266
            30          1128571       965047         68697      2015872      1086471        55997        42100         13896         1858
                                                                                                                                         
  2010-Jan. 13          1066322       901343         61619      1953487      1026675        55829        39648         16181         2233
            27p         1134454      1009154         71061      2013016      1091737        54864        42717         12147         1961
                                                                                                                                         
--------------------------------------------------------------------------------------------------------------------------------------------   
 1. Reflects actual required reserves, with no adjustments to eliminate the effects of discontinuities, or "breaks," associated with 
    regulatory changes in reserve requirements.
 2. Reserve balances with Federal Reserve Banks plus vault cash used to satisfy reserve requirements.
 3. The monetary base, not break-adjusted and not seasonally adjusted, consists of (1) total reserves plus (2) required clearing balances
    and adjustments to compensate for float at Federal Reserve Banks plus (3) the currency component of the money stock plus (4), for all 
    quarterly reporters on the "Report of Transaction Accounts, Other Deposits and Vault Cash" and for all those weekly reporters whose 
    vault cash exceeds their required reserves, the difference between current vault cash and the amount applied to satisfy current reserve 
    requirements. Currency and vault cash figures are measured over computation periods ending on Mondays.
 4. Excludes required clearing balances and adjustments to compensate for float and includes other off-balance-sheet "as-of" adjustments.
 5. Vault cash eligible to satisfy reserve requirements. It includes only vault cash held by those banks and thrifts that are not exempt
    from reserve requirements. Dates refer to the maintenance periods in which the vault cash can be used to satisfy reserve requirements.
 6. All vault cash held during the lagged computation period by "bound" institutions (i.e., those whose required reserves exceed their vault 
    cash) plus the amount of vault cash applied during the maintenance period by "nonbound" institutions (i.e., those whose vault cash 
    exceeds their required reserves) to satisfy current reserve requirements.
 7. Total vault cash eligible to satisfy reserve requirements, held by depository institutions not exempt from reserve requirements, minus the
    amount used to satisfy reserve requirements.
 8. Consists of carryover only at depository institutions maintaining reserves on the basis of two-week maintenance periods. Reflects excess (+) 
    or deficit (-) reserves eligible to be carried forward into the two-week reserve maintenance period ending on the date shown.
 9. Prorated averages of biweekly averages.
10. Averages of daily figures.

 p  preliminary
1
  
  
  
 H.3 (502)
 Table 3
 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE
 Adjusted for changes in reserve requirements(1)
 Not seasonally adjusted
 Millions of dollars
 ----------------------------------------------------------------------------------------------------------
                                       Reserves of depository institutions
                         ----------------------------------------------------------------
      Date                           Total             Nonborrowed            Required            Monetary
                                      (2)                                        (3)                base
                                                                                                    (4) 
 ----------------------------------------------------------------------------------------------------------
 Month(5)
  2008-Dec.                         820646               167080                53312              1659223
                                                                                                         
  2009-Jan.                         860146               296649                61966              1707187
       Feb.                         700681               118184                57232              1557066
       Mar.                         777806               165695                53201              1642239
                                                                                                         
       Apr.                         881422               323228                57061              1748069
       May                          902370               376922                58302              1770181
       June                         809183               370461                57828              1679356
                                                                                                         
       July                         795675               428713                62695              1667795
       Aug.                         827725               496276                61898              1700693
       Sep.                         921404               614578                61339              1795459
                                                                                                         
       Oct.                        1055423               790366                60692              1931552
       Nov.                        1139921               922614                62633              2017961
       Dec.                        1138731               968804                63321              2021896

 Two weeks ending(6)                                                       
  2009-Dec.  2                     1186649               980140                67089              2064931
            16                     1149122               977665                59433              2031271
            30                     1126684               963159                66810              2011493
                                                                                                         
  2010-Jan. 13                     1066072               901093                61369              1950217
            27p                    1134445              1009146                71052              2010249
                                                                                                         
 ----------------------------------------------------------------------------------------------------------
 Note: Current and historical H.3 data are available each week on the Federal Reserve Board's website
       (http://www.federalreserve.gov/). Monthly data are available back to January 1959, and weekly data 
       are available back to January 1975 for most series. For information about individual copies or
       subscriptions, contact Publications Services at the Federal Reserve Board (phone 202-452-3245, 
       fax 202-728-5886). For paid electronic access to current and historical data, call STAT-USA at
       1-800-782-8872 or 202-482-1986. 

 1. Figures reflect adjustments for discontinuities, or "breaks," associated with regulatory changes in
    reserve requirements.
 2. Break-adjusted total reserves equal break-adjusted required reserves (table 3, column 3) plus excess
    reserves NSA (table 1, column 4).
 3. To adjust required reserves for discontinuities due to regulatory changes in reserve requirements, a
    multiplicative procedure is used to estimate what required reserves would have been in past periods
    had current reserve requirements been in effect. Break-adjusted required reserves are equal to 
    break-adjusted required reserves against transactions deposits.
 4. The break-adjusted monetary base equals (1) break-adjusted total reserves plus (2) the (unadjusted)
    currency component of the money stock plus (3), for all quarterly reporters on the "Report of 
    Transaction Accounts, Other Deposits and Vault Cash" and for all those weekly reporters whose vault
    cash exceeds their required reserves, the break-adjusted difference between current vault cash and 
    the amount applied to satisfy current reserve requirements.
 5. Prorated averages of biweekly averages.
 6. Averages of daily figures.

 p  preliminary`

Statistical releases

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