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            Data Aggregate Reserves of Depository Institutions and the Monetary Base - H.3
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 Current Release PDF RSS Data Download  Aggregate Reserves of Depository Institutions and the Monetary Base The Board's Statistical Release H.3, "Aggregate Reserves of Depository Institutions and the Monetary Base," has been updated to incorporate information on the Federal Reserve's recent actions to support the flow of credit to households and businesses. From the two weeks ending March 25, 2020, forward, "Other credit extensions" in table 3 of the release will reflect all other credit extended by the Federal Reserve outside of the primary, secondary, or seasonal credit lending programs. Additional detail on the components of "Other credit extensions" is available in table 1 of the H.4.1 statistical release under "Loans."
 Table 1 Date 
 Reserve balances required 
 Reserve balances maintained 4Reserve 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 6Month 7Feb. 2019 
 125,129 
 137,655 
 112,606 
 1,645,233 
 137,128 
 1,508,105Mar. 2019 
 128,423 
 141,279 
 115,569 
 1,661,297 
 140,926 
 1,520,371Apr. 2019 
 130,120 
 143,144 
 117,098 
 1,559,450 
 142,641 
 1,416,809May 2019 
 134,717 
 148,200 
 121,237 
 1,511,285 
 147,792 
 1,363,493June 2019 
 134,908 
 148,409 
 121,408 
 1,535,857 
 148,025 
 1,387,832July 2019 
 135,103 
 148,624 
 121,584 
 1,513,550 
 148,191 
 1,365,359Aug. 2019 
 134,639 
 148,114 
 121,167 
 1,520,876 
 147,555 
 1,373,321Sept. 2019 
 134,707 
 148,188 
 121,227 
 1,439,771 
 147,498 
 1,292,273Oct. 2019 
 134,998 
 148,509 
 121,489 
 1,481,513 
 148,050 
 1,333,462Nov. 2019 
 140,705 
 154,787 
 126,625 
 1,529,341 
 154,256 
 1,375,085Dec. 2019 
 138,984 
 152,893 
 125,076 
 1,630,090 
 152,562 
 1,477,528Jan. 2020 
 144,816 
 159,309 
 130,326 
 1,645,384 
 158,765 
 1,486,619Feb. 2020 
 138,370 
 152,218 
 124,524 
 1,656,989 
 151,612 
 1,505,377Two weeks ending 8Jan. 29, 2020 
 156,503 
 172,164 
 140,844 
 1,619,016 
 171,564 
 1,447,452Feb. 12, 2020 
 131,006 
 144,118 
 117,897 
 1,660,291 
 143,526 
 1,516,765Feb. 26, 2020 
 143,140 
 157,465 
 128,817 
 1,640,294 
 156,831 
 1,483,463Mar. 11, 2020 
 145,565 
 160,132 
 130,999 
 1,721,690 
 159,601 
 1,562,089Mar. 25, 2020 
 136,149 
 149,774 
 122,524 
 2,041,280 
 149,497 
 1,891,783 Footnotes 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 2 Date 
 Reserves 
 Vault cash 2 
 Monetary baseTotal 1 
 Required 
 Total 
 Used to satisfy  
 required  
 reserves 3 
 Surplus 4 
 Total 5 
 Total balances  
maintained 6 
 Currency in  
circulationMonth 7Feb. 2019 
 1,713,683 
 193,579 
 81,298 
 68,450 
 12,848 
 3,353,467 
 1,645,233 
 1,708,234Mar. 2019 
 1,725,938 
 193,064 
 76,814 
 64,640 
 12,174 
 3,381,455 
 1,661,297 
 1,720,158Apr. 2019 
 1,623,904 
 194,575 
 76,135 
 64,455 
 11,681 
 3,286,650 
 1,559,450 
 1,727,201May 2019 
 1,576,309 
 199,742 
 75,826 
 65,024 
 10,802 
 3,244,460 
 1,511,285 
 1,733,175June 2019 
 1,601,309 
 200,360 
 76,106 
 65,452 
 10,654 
 3,274,825 
 1,535,857 
 1,738,968July 2019 
 1,578,615 
 200,169 
 76,485 
 65,065 
 11,420 
 3,260,316 
 1,513,550 
 1,746,765Aug. 2019 
 1,586,844 
 200,608 
 78,451 
 65,969 
 12,483 
 3,271,378 
 1,520,876 
 1,750,502Sept. 2019 
 1,504,805 
 199,741 
 76,550 
 65,035 
 11,516 
 3,202,668 
 1,439,771 
 1,762,898Oct. 2019 
 1,547,136 
 200,621 
 76,660 
 65,623 
 11,036 
 3,252,807 
 1,481,513 
 1,771,294Nov. 2019 
 1,595,222 
 206,586 
 76,920 
 65,881 
 11,039 
 3,315,551 
 1,529,341 
 1,786,209Dec. 2019 
 1,698,344 
 207,239 
 80,167 
 68,255 
 11,913 
 3,426,483 
 1,630,090 
 1,796,393Jan. 2020 
 1,715,219 
 214,652 
 81,206 
 69,835 
 11,371 
 3,442,603 
 1,645,384 
 1,797,219Feb. 2020 
 1,726,943 
 208,324 
 80,717 
 69,954 
 10,763 
 3,454,507 
 1,656,989 
 1,797,518Two weeks ending 8Jan. 29, 2020 
 1,690,759 
 228,246 
 80,727 
 71,743 
 8,984 
 3,412,470 
 1,619,016 
 1,793,454Feb. 12, 2020 
 1,732,355 
 203,070 
 84,536 
 72,064 
 12,472 
 3,453,798 
 1,660,291 
 1,793,507Feb. 26, 2020 
 1,709,136 
 211,982 
 78,429 
 68,842 
 9,587 
 3,438,834 
 1,640,294 
 1,798,541Mar. 11, 2020 
 1,788,394 
 212,269 
 76,121 
 66,704 
 9,417 
 3,530,486 
 1,721,690 
 1,808,796Mar. 25, 2020 
 2,108,932 
 203,801 
 78,380 
 67,652 
 10,728 
 3,884,754 
 2,041,280 
 1,843,475 Footnotes 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 3 Date 
 Borrowings from the Federal Reserve 
 Nonborrowed  
 reserves 2Total 
 Primary 
 Secondary 
 Seasonal 
 Other credit  
extensions 1Month 3Feb. 2019 
 19 
 7 
 0 
 12 
 0 
 1,713,664Mar. 2019 
 15 
 7 
 0 
 8 
 0 
 1,725,923Apr. 2019 
 30 
 14 
 0 
 15 
 0 
 1,623,875May 2019 
 56 
 18 
 0 
 38 
 0 
 1,576,254June 2019 
 80 
 20 
 0 
 60 
 0 
 1,601,229July 2019 
 120 
 9 
 0 
 111 
 0 
 1,578,495Aug. 2019 
 117 
 16 
 0 
 101 
 0 
 1,586,727Sept. 2019 
 101 
 15 
 0 
 86 
 0 
 1,504,704Oct. 2019 
 63 
 4 
 0 
 59 
 0 
 1,547,073Nov. 2019 
 26 
 4 
 0 
 22 
 0 
 1,595,196Dec. 2019 
 21 
 10 
 0 
 11 
 0 
 1,698,323Jan. 2020 
 6 
 5 
 0 
 1 
 0 
 1,715,213Feb. 2020 
 3 
 3 
 0 
 0 
 0 
 1,726,939Two weeks ending 4Jan. 29, 2020 
 6 
 6 
 0 
 0 
 0 
 1,690,753Feb. 12, 2020 
 3 
 3 
 0 
 0 
 0 
 1,732,352Feb. 26, 2020 
 2 
 2 
 0 
 0 
 0 
 1,709,134Mar. 11, 2020 
 10 
 10 
 0 
 0 
 0 
 1,788,384Mar. 25, 2020 
 34,009 
 23,308 
 0 
 0 
 10,701 
 2,074,923 Footnotes Includes borrowings associated with facilities other than the primary, secondary, and seasonal credit lending programs. Detail on borrowings contained in this item is available under "Loans" in table 1 of the H.4.1 statistical release. 
 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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