Back to Home Board
                of Governors of the Federal Reserve System Stay Connected
                    Link to
                                    Federal Reserve Facebook Page
                        Link to
                                    Federal Reserve Twitter Page
                        Link to
                                    Federal Reserve YouTube Page
                        Link to
                                    Federal Reserve Flickr Page
                        Federal
                                    Reserve LinkedIn Page
                        Subscribe to RSS

                        Subscribe to
                                    Email
                Recent Postings
                Calendar
                Publications
                Site Map
                A-Z index
                Careers
                FAQs
                Videos
                Contact Search
                    Submit Search Button
                Advanced


Board of Governors of the Federal Reserve System *The Federal Reserve, the central bank of the United States, provides
                        the nation with a safe, flexible, and stable monetary and financial system.*


Main Menu Toggle Button  Search Toggle Button
 Search
                    Search Submit Button
                        Submit


- Aboutthe
                    Fed
                Structure
                                        of the Federal Reserve System
                                Purposes & Functions
                                Board
                                        Members
                                Advisory
                                        Councils
                                Federal
                                        Reserve Banks
                                Federal Reserve Act
                                CurrencyBoard
                                        Meetings
                                Board Votes
                                Diversity &
                                        Inclusion
                                Careers
                                Do Business
                                        with the Board
                                Holidays Observed - K.8Contact
                                Requesting Information
                                        (FOIA)
                                FAQs
                                
Economic Education
                                Fed
                                        Financial Statements
- Structure
                                        of the Federal Reserve System
                                Purposes & Functions
                                Board
                                        Members
                                Advisory
                                        Councils
                                Federal
                                        Reserve Banks
                                Federal Reserve Act
                                CurrencyBoard
                                        Meetings
                                Board Votes
                                Diversity &
                                        Inclusion
                                Careers
                                Do Business
                                        with the Board
                                Holidays Observed - K.8Contact
                                Requesting Information
                                        (FOIA)
                                FAQs
                                
Economic Education
                                Fed
                                        Financial Statements
- Structure
                                        of the Federal Reserve System
- Purposes & Functions
- Board
                                        Members
- Advisory
                                        Councils
- Federal
                                        Reserve Banks
- Federal Reserve Act
- Currency
- Board
                                        Meetings
- Board Votes
- Diversity &
                                        Inclusion
- Careers
- Do Business
                                        with the Board
- Holidays Observed - K.8
- Contact
- Requesting Information
                                        (FOIA)
- FAQs
- Economic Education
- Fed
                                        Financial Statements
- News&
                    Events
                Press Releases
                    Speeches
                    Testimony
                    Calendar
                    Videos
                    Photo Gallery
- Press Releases
- Speeches
- Testimony
- Calendar
- Videos
- Photo Gallery
- MonetaryPolicy
                **Federal Open Market Committee**
                                About the FOMC
                                Meeting
                                        calendars and information
                                Transcripts
                                        and other historical materials
                                FAQs
                                **Monetary Policy Principles and Practice**
                                Notes**Policy Implementation**
                                Policy
                                        Normalization
                                Policy Tools
                                **Reports**
                                Monetary Policy
                                        Report
                                Beige
                                        Book
                                Quarterly
                                        Report on Federal Reserve Balance Sheet Developments
                                **Review of Monetary Policy Strategy, Tools, and Communications**


                                Overview
- **Federal Open Market Committee**
                                About the FOMC
                                Meeting
                                        calendars and information
                                Transcripts
                                        and other historical materials
                                FAQs
                                **Monetary Policy Principles and Practice**
                                Notes**Policy Implementation**
                                Policy
                                        Normalization
                                Policy Tools
                                **Reports**
                                Monetary Policy
                                        Report
                                Beige
                                        Book
                                Quarterly
                                        Report on Federal Reserve Balance Sheet Developments
                                **Review of Monetary Policy Strategy, Tools, and Communications**


                                Overview
- **Federal Open Market Committee**
- About the FOMC
- Meeting
                                        calendars and information
- Transcripts
                                        and other historical materials
- FAQs
- **Monetary Policy Principles and Practice**
- Notes
- **Policy Implementation**
- Policy
                                        Normalization
- Policy Tools
- **Reports**
- Monetary Policy
                                        Report
- Beige
                                        Book
- Quarterly
                                        Report on Federal Reserve Balance Sheet Developments
- **Review of Monetary Policy Strategy, Tools, and Communications**
- Overview
- Supervision&
                    Regulation
                **Institution Supervision**
                                Community
                                        & Regional Financial Institutions
                                Large
                                        Financial Institutions
                                Foreign
                                        Banking Organizations
                                Financial
                                        Market Utilities
                                Consumer
                                        Compliance
                                **Reports**
                                Federal
                                        Reserve Supervision and Regulation Report**Reporting Forms**
                                All Reporting
                                        Forms
                                Recent
                                        Updates
                                Information
                                        collections under review
                                Financial
                                        Statements
                                Applications/structure
                                        change
                                Federal
                                        Financial Institutions Examination Council (FFIEC)
                                Municipal
                                        & Government Securities**Supervision & Regulation Letters**
                                By Year
                                By Topic
                                **Banking Applications & Legal Developments**
                                Application
                                        Process
                                Board
                                        & Reserve Bank Action
                                Enforcement
                                        Actions & Legal Developments**Regulatory Resources**
                                Regulations
                                Manuals
                                Basel
                                        Regulatory Framework
                                Volcker Rule
                                Education,
                                        Training, and Assistance**Banking & Data Structure**
                                Beneficial
                                        Ownership reports
                                Large Commercial Banks
                                Minority-Owned Depository
                                        Institutions
                                U.S. Offices of Foreign Entities
                                Financial Holding
                                        Companies
                                Interstate
                                        Branching
                                Securities
                                        Underwriting & Dealing Subsidiaries
- **Institution Supervision**
                                Community
                                        & Regional Financial Institutions
                                Large
                                        Financial Institutions
                                Foreign
                                        Banking Organizations
                                Financial
                                        Market Utilities
                                Consumer
                                        Compliance
                                **Reports**
                                Federal
                                        Reserve Supervision and Regulation Report**Reporting Forms**
                                All Reporting
                                        Forms
                                Recent
                                        Updates
                                Information
                                        collections under review
                                Financial
                                        Statements
                                Applications/structure
                                        change
                                Federal
                                        Financial Institutions Examination Council (FFIEC)
                                Municipal
                                        & Government Securities**Supervision & Regulation Letters**
                                By Year
                                By Topic
                                **Banking Applications & Legal Developments**
                                Application
                                        Process
                                Board
                                        & Reserve Bank Action
                                Enforcement
                                        Actions & Legal Developments**Regulatory Resources**
                                Regulations
                                Manuals
                                Basel
                                        Regulatory Framework
                                Volcker Rule
                                Education,
                                        Training, and Assistance**Banking & Data Structure**
                                Beneficial
                                        Ownership reports
                                Large Commercial Banks
                                Minority-Owned Depository
                                        Institutions
                                U.S. Offices of Foreign Entities
                                Financial Holding
                                        Companies
                                Interstate
                                        Branching
                                Securities
                                        Underwriting & Dealing Subsidiaries
- **Institution Supervision**
- Community
                                        & Regional Financial Institutions
- Large
                                        Financial Institutions
- Foreign
                                        Banking Organizations
- Financial
                                        Market Utilities
- Consumer
                                        Compliance
- **Reports**
- Federal
                                        Reserve Supervision and Regulation Report
- **Reporting Forms**
- All Reporting
                                        Forms
- Recent
                                        Updates
- Information
                                        collections under review
- Financial
                                        Statements
- Applications/structure
                                        change
- Federal
                                        Financial Institutions Examination Council (FFIEC)
- Municipal
                                        & Government Securities
- **Supervision & Regulation Letters**
- By Year
- By Topic
- **Banking Applications & Legal Developments**
- Application
                                        Process
- Board
                                        & Reserve Bank Action
- Enforcement
                                        Actions & Legal Developments
- **Regulatory Resources**
- Regulations
- Manuals
- Basel
                                        Regulatory Framework
- Volcker Rule
- Education,
                                        Training, and Assistance
- **Banking & Data Structure**
- Beneficial
                                        Ownership reports
- Large Commercial Banks
- Minority-Owned Depository
                                        Institutions
- U.S. Offices of Foreign Entities
- Financial Holding
                                        Companies
- Interstate
                                        Branching
- Securities
                                        Underwriting & Dealing Subsidiaries
- PaymentSystems
                **Regulations & Statutes**
                                Regulation CC
                                        (Availability of Funds and Collection of Checks)
                                Regulation II
                                        (Debit Card Interchange Fees and Routing)

                                Regulation HH
                                        (Financial Market Utilities)

                                Other
                                        Regulations and Statutes**Payment Policies**
                                Federal Reserve's
                                        Key Policies for the Provision of Financial Services
                                Overnight
                                        Overdrafts
                                Payment System
                                        Risk
                                Sponsorship for
                                        Priority Telecommunication Services**Reserve Bank Payment Services & Data**
                                Automated
                                        Clearinghouse Services
                                Check Services
                                Currency and
                                        Coin Services
                                Daylight
                                        Overdrafts and Fees
                                Fedwire
                                        Funds Services
                                Fedwire
                                        Securities Services
                                Fiscal Agency
                                        Services
                                National
                                        Settlement Service**Financial Market Utilities & Infrastructures**
                                Supervision &
                                        Oversight of Financial Market Infrastructures
                                Designated
                                        Financial Market Utilities
                                International
                                        Standards for Financial Market Infrastructures**Research, Committees, and Forums**
                                Payment
                                        Research
                                Payments
                                        System Policy Advisory Committee
                                Forums
- **Regulations & Statutes**
                                Regulation CC
                                        (Availability of Funds and Collection of Checks)
                                Regulation II
                                        (Debit Card Interchange Fees and Routing)

                                Regulation HH
                                        (Financial Market Utilities)

                                Other
                                        Regulations and Statutes**Payment Policies**
                                Federal Reserve's
                                        Key Policies for the Provision of Financial Services
                                Overnight
                                        Overdrafts
                                Payment System
                                        Risk
                                Sponsorship for
                                        Priority Telecommunication Services**Reserve Bank Payment Services & Data**
                                Automated
                                        Clearinghouse Services
                                Check Services
                                Currency and
                                        Coin Services
                                Daylight
                                        Overdrafts and Fees
                                Fedwire
                                        Funds Services
                                Fedwire
                                        Securities Services
                                Fiscal Agency
                                        Services
                                National
                                        Settlement Service**Financial Market Utilities & Infrastructures**
                                Supervision &
                                        Oversight of Financial Market Infrastructures
                                Designated
                                        Financial Market Utilities
                                International
                                        Standards for Financial Market Infrastructures**Research, Committees, and Forums**
                                Payment
                                        Research
                                Payments
                                        System Policy Advisory Committee
                                Forums
- **Regulations & Statutes**
- Regulation CC
                                        (Availability of Funds and Collection of Checks)
- Regulation II
                                        (Debit Card Interchange Fees and Routing)
- Regulation HH
                                        (Financial Market Utilities)
- Other
                                        Regulations and Statutes
- **Payment Policies**
- Federal Reserve's
                                        Key Policies for the Provision of Financial Services
- Overnight
                                        Overdrafts
- Payment System
                                        Risk
- Sponsorship for
                                        Priority Telecommunication Services
- **Reserve Bank Payment Services & Data**
- Automated
                                        Clearinghouse Services
- Check Services
- Currency and
                                        Coin Services
- Daylight
                                        Overdrafts and Fees
- Fedwire
                                        Funds Services
- Fedwire
                                        Securities Services
- Fiscal Agency
                                        Services
- National
                                        Settlement Service
- **Financial Market Utilities & Infrastructures**
- Supervision &
                                        Oversight of Financial Market Infrastructures
- Designated
                                        Financial Market Utilities
- International
                                        Standards for Financial Market Infrastructures
- **Research, Committees, and Forums**
- Payment
                                        Research
- Payments
                                        System Policy Advisory Committee
- Forums
- EconomicResearch
                **Working Papers and Notes**
                                Finance and Economics
                                        Discussion Series (FEDS)
                                FEDS
                                        Notes
                                International Finance
                                        Discussion Papers (IFDP)Meet the Economists
                                **Models and Tools**
                                FRB/US Model
                                Estimated Dynamic
                                        Optimization (EDO) Model
                                Survey of Consumer
                                        Finances (SCF)
- **Working Papers and Notes**
                                Finance and Economics
                                        Discussion Series (FEDS)
                                FEDS
                                        Notes
                                International Finance
                                        Discussion Papers (IFDP)Meet the Economists
                                **Models and Tools**
                                FRB/US Model
                                Estimated Dynamic
                                        Optimization (EDO) Model
                                Survey of Consumer
                                        Finances (SCF)
- **Working Papers and Notes**
- Finance and Economics
                                        Discussion Series (FEDS)
- FEDS
                                        Notes
- International Finance
                                        Discussion Papers (IFDP)
- Meet the Economists
- **Models and Tools**
- FRB/US Model
- Estimated Dynamic
                                        Optimization (EDO) Model
- Survey of Consumer
                                        Finances (SCF)
- Data
                **Bank Assets and Liabilities**
                                Aggregate
                                        Reserves of Depository Institutions and the Monetary Base - H.3
                                Assets and
                                        Liabilities of Commercial Banks in the U.S. - H.8
                                Assets and
                                        Liabilities of U.S. Branches and Agencies of Foreign Banks
                                Charge-Off and Delinquency
                                        Rates on Loans and Leases at Commercial Banks
                                Senior Financial Officer
                                        Survey
                                Senior Loan Officer
                                        Opinion Survey on Bank Lending Practices**Bank Structure Data**
                                Large Commercial Banks
                                Minority-Owned Depository
                                        Institutions
                                Structure and Share
                                        Data for the U.S. Offices of Foreign Banks
                                **Business Finance**
                                Commercial Paper
                                Finance Companies
                                        - G.20
                                New Security
                                        Issues, State and Local Governments
                                New Security
                                        Issues, U.S. Corporations
                                **Dealer Financing Terms**
                                Senior Credit Officer Opinion
                                        Survey on Dealer Financing Terms**Exchange Rates and International Data**
                                Foreign Exchange Rates -
                                        H.10/G.5
                                International
                                        Summary Statistics
                                Securities
                                        Holdings and Transactions
                                Statistics
                                        Reported by Banks and Other Financial Firms in the United States
                                Structure and Share
                                        Data for U.S. Offices of Foreign Banks
                                **Financial Accounts**
                                Financial
                                        Accounts of the United States - Z.1**Household Finance**
                                Consumer
                                        Credit - G.19
                                Household Debt
                                        Service and Financial Obligations Ratios
                                Mortgage Debt
                                        Outstanding
                                Survey of Consumer
                                        Finances (SCF)
                                **Industrial Activity**
                                Industrial
                                        Production and Capacity Utilization - G.17
                                **Interest Rates**
                                Selected Interest Rates - H.15**Micro Data Reference Manual (MDRM)**
                                Micro and Macro Data Collections
                                **Money Stock and Reserve Balances**
                                Factors Affecting Reserve
                                        Balances - H.4.1
                                Money Stock
                                        Measures - H.6
                                Senior Credit Officer Opinion
                                        Survey on Dealer Financing Terms
- **Bank Assets and Liabilities**
                                Aggregate
                                        Reserves of Depository Institutions and the Monetary Base - H.3
                                Assets and
                                        Liabilities of Commercial Banks in the U.S. - H.8
                                Assets and
                                        Liabilities of U.S. Branches and Agencies of Foreign Banks
                                Charge-Off and Delinquency
                                        Rates on Loans and Leases at Commercial Banks
                                Senior Financial Officer
                                        Survey
                                Senior Loan Officer
                                        Opinion Survey on Bank Lending Practices**Bank Structure Data**
                                Large Commercial Banks
                                Minority-Owned Depository
                                        Institutions
                                Structure and Share
                                        Data for the U.S. Offices of Foreign Banks
                                **Business Finance**
                                Commercial Paper
                                Finance Companies
                                        - G.20
                                New Security
                                        Issues, State and Local Governments
                                New Security
                                        Issues, U.S. Corporations
                                **Dealer Financing Terms**
                                Senior Credit Officer Opinion
                                        Survey on Dealer Financing Terms**Exchange Rates and International Data**
                                Foreign Exchange Rates -
                                        H.10/G.5
                                International
                                        Summary Statistics
                                Securities
                                        Holdings and Transactions
                                Statistics
                                        Reported by Banks and Other Financial Firms in the United States
                                Structure and Share
                                        Data for U.S. Offices of Foreign Banks
                                **Financial Accounts**
                                Financial
                                        Accounts of the United States - Z.1**Household Finance**
                                Consumer
                                        Credit - G.19
                                Household Debt
                                        Service and Financial Obligations Ratios
                                Mortgage Debt
                                        Outstanding
                                Survey of Consumer
                                        Finances (SCF)
                                **Industrial Activity**
                                Industrial
                                        Production and Capacity Utilization - G.17
                                **Interest Rates**
                                Selected Interest Rates - H.15**Micro Data Reference Manual (MDRM)**
                                Micro and Macro Data Collections
                                **Money Stock and Reserve Balances**
                                Factors Affecting Reserve
                                        Balances - H.4.1
                                Money Stock
                                        Measures - H.6
                                Senior Credit Officer Opinion
                                        Survey on Dealer Financing Terms
- **Bank Assets and Liabilities**
- Aggregate
                                        Reserves of Depository Institutions and the Monetary Base - H.3
- Assets and
                                        Liabilities of Commercial Banks in the U.S. - H.8
- Assets and
                                        Liabilities of U.S. Branches and Agencies of Foreign Banks
- Charge-Off and Delinquency
                                        Rates on Loans and Leases at Commercial Banks
- Senior Financial Officer
                                        Survey
- Senior Loan Officer
                                        Opinion Survey on Bank Lending Practices
- **Bank Structure Data**
- Large Commercial Banks
- Minority-Owned Depository
                                        Institutions
- Structure and Share
                                        Data for the U.S. Offices of Foreign Banks
- **Business Finance**
- Commercial Paper
- Finance Companies
                                        - G.20
- New Security
                                        Issues, State and Local Governments
- New Security
                                        Issues, U.S. Corporations
- **Dealer Financing Terms**
- Senior Credit Officer Opinion
                                        Survey on Dealer Financing Terms
- **Exchange Rates and International Data**
- Foreign Exchange Rates -
                                        H.10/G.5
- International
                                        Summary Statistics
- Securities
                                        Holdings and Transactions
- Statistics
                                        Reported by Banks and Other Financial Firms in the United States
- Structure and Share
                                        Data for U.S. Offices of Foreign Banks
- **Financial Accounts**
- Financial
                                        Accounts of the United States - Z.1
- **Household Finance**
- Consumer
                                        Credit - G.19
- Household Debt
                                        Service and Financial Obligations Ratios
- Mortgage Debt
                                        Outstanding
- Survey of Consumer
                                        Finances (SCF)
- **Industrial Activity**
- Industrial
                                        Production and Capacity Utilization - G.17
- **Interest Rates**
- Selected Interest Rates - H.15
- **Micro Data Reference Manual (MDRM)**
- Micro and Macro Data Collections
- **Money Stock and Reserve Balances**
- Factors Affecting Reserve
                                        Balances - H.4.1
- Money Stock
                                        Measures - H.6
- Senior Credit Officer Opinion
                                        Survey on Dealer Financing Terms
- Consumers&
                    Communities
                **Regulations**
                                Community
                                        Reinvestment Act
                                All Regulations
                                **Supervision & Enforcement**
                                CA
                                        Letters
                                Enforcement
                                        Actions
                                Independent
                                        Foreclosure Review**Community Development**
                                Housing
                                        and Neighborhood Revitalization
                                Small
                                        Business and Entrepreneurship
                                Employment
                                        and Workforce Development
                                Community
                                        Development FinanceConferences
                                **Research & Analysis**
                                Survey of
                                        Household Economics and Decisionmaking
                                Research
                                        Publications & Data AnalysisCommunity Advisory Council
                                **Consumer Resources**
                                Mortgage
                                        and Foreclosure Resources
                                Federal
                                        Reserve Community Development Resources
- **Regulations**
                                Community
                                        Reinvestment Act
                                All Regulations
                                **Supervision & Enforcement**
                                CA
                                        Letters
                                Enforcement
                                        Actions
                                Independent
                                        Foreclosure Review**Community Development**
                                Housing
                                        and Neighborhood Revitalization
                                Small
                                        Business and Entrepreneurship
                                Employment
                                        and Workforce Development
                                Community
                                        Development FinanceConferences
                                **Research & Analysis**
                                Survey of
                                        Household Economics and Decisionmaking
                                Research
                                        Publications & Data AnalysisCommunity Advisory Council
                                **Consumer Resources**
                                Mortgage
                                        and Foreclosure Resources
                                Federal
                                        Reserve Community Development Resources
- **Regulations**
- Community
                                        Reinvestment Act
- All Regulations
- **Supervision & Enforcement**
- CA
                                        Letters
- Enforcement
                                        Actions
- Independent
                                        Foreclosure Review
- **Community Development**
- Housing
                                        and Neighborhood Revitalization
- Small
                                        Business and Entrepreneurship
- Employment
                                        and Workforce Development
- Community
                                        Development Finance
- Conferences
- **Research & Analysis**
- Survey of
                                        Household Economics and Decisionmaking
- Research
                                        Publications & Data Analysis
- Community Advisory Council
- **Consumer Resources**
- Mortgage
                                        and Foreclosure Resources
- Federal
                                        Reserve Community Development Resources

Home
                    Data Aggregate Reserves of Depository Institutions and the Monetary Base - H.3
 Current Release 
				 Release Dates 
				 About 
				 Announcements 
				 Technical Q&As
 Current Release PDF RSS DDP  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 7Apr. 2018 
 126,415 
 139,070 
 113,762 
 2,086,192 
 138,481 
 1,947,710May 2018 
 128,144 
 140,970 
 115,318 
 2,022,453 
 140,316 
 1,882,137June 2018 
 125,503 
 138,065 
 112,942 
 1,988,224 
 137,568 
 1,850,656July 2018 
 125,736 
 138,323 
 113,152 
 1,949,820 
 137,861 
 1,811,960Aug. 2018 
 123,620 
 135,994 
 111,246 
 1,911,165 
 135,544 
 1,775,621Sept. 2018 
 126,756 
 139,444 
 114,069 
 1,873,866 
 138,965 
 1,734,901Oct. 2018 
 123,821 
 136,215 
 111,428 
 1,830,017 
 135,731 
 1,694,286Nov. 2018 
 126,537 
 139,202 
 113,872 
 1,775,291 
 138,700 
 1,636,591Dec. 2018 
 123,703 
 136,085 
 111,322 
 1,691,394 
 135,698 
 1,555,696Jan. 2019 
 131,130 
 144,255 
 118,006 
 1,639,030 
 143,615 
 1,495,414Feb. 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 
 1,416,809Two weeks ending 8Mar. 13, 2019 
 130,096 
 143,118 
 117,074 
 1,712,781 
 142,676 
 1,570,105Mar. 27, 2019 
 126,825 
 139,521 
 114,131 
 1,626,007 
 139,246 
 1,486,761Apr. 10, 2019 
 128,582 
 141,454 
 115,714 
 1,617,495 
 141,121 
 1,476,374Apr. 24, 2019 
 129,308 
 142,252 
 116,366 
 1,554,955 
 141,657 
 1,413,298May 8, 2019 
 134,577 
 148,044 
 121,111 
 1,473,197 
 147,471 
 1,325,726 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 7Apr. 2018 
 2,151,047 
 191,270 
 75,670 
 64,855 
 10,815 
 3,727,119 
 2,086,192 
 1,640,927May 2018 
 2,086,577 
 192,267 
 73,929 
 64,124 
 9,805 
 3,674,755 
 2,022,453 
 1,652,301June 2018 
 2,052,749 
 190,028 
 74,661 
 64,525 
 10,136 
 3,650,485 
 1,988,224 
 1,662,261July 2018 
 2,014,613 
 190,529 
 75,448 
 64,792 
 10,656 
 3,618,272 
 1,949,820 
 1,668,452Aug. 2018 
 1,976,094 
 188,549 
 76,485 
 64,929 
 11,557 
 3,584,450 
 1,911,165 
 1,673,285Sept. 2018 
 1,938,011 
 190,901 
 74,945 
 64,145 
 10,800 
 3,559,828 
 1,873,866 
 1,685,962Oct. 2018 
 1,895,798 
 189,602 
 75,873 
 65,781 
 10,093 
 3,520,863 
 1,830,017 
 1,690,846Nov. 2018 
 1,840,828 
 192,074 
 76,560 
 65,537 
 11,023 
 3,476,330 
 1,775,291 
 1,701,039Dec. 2018 
 1,759,856 
 192,165 
 80,805 
 68,462 
 12,343 
 3,400,747 
 1,691,394 
 1,709,353Jan. 2019 
 1,707,256 
 199,356 
 80,379 
 68,226 
 12,153 
 3,346,879 
 1,639,030 
 1,707,849Feb. 2019 
 1,713,683 
 193,579 
 81,287 
 68,450 
 12,837 
 3,353,467 
 1,645,233 
 1,708,234Mar. 2019 
 1,725,938 
 193,064 
 76,805 
 64,640 
 12,165 
 3,381,464 
 1,661,297 
 1,720,166Apr. 2019 
 1,623,904 
 194,575 
 76,135 
 64,455 
 11,680 
 3,286,668 
 1,559,450 
 1,727,218Two weeks ending 8Mar. 13, 2019 
 1,776,276 
 193,591 
 75,627 
 63,495 
 12,132 
 3,430,112 
 1,712,781 
 1,717,331Mar. 27, 2019 
 1,692,266 
 193,084 
 78,389 
 66,259 
 12,130 
 3,347,215 
 1,626,007 
 1,721,209Apr. 10, 2019 
 1,680,191 
 191,278 
 75,095 
 62,696 
 12,399 
 3,343,228 
 1,617,495 
 1,725,733Apr. 24, 2019 
 1,620,224 
 194,577 
 76,834 
 65,269 
 11,565 
 3,282,067 
 1,554,955 
 1,727,113May 8, 2019 
 1,538,683 
 200,063 
 76,237 
 65,486 
 10,751 
 3,203,136 
 1,473,197 
 1,729,939 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 1Total 
 Primary 
 Secondary 
 Seasonal 
 Other credit  
extensionsMonth 2Apr. 2018 
 51 
 16 
 0 
 35 
 0 
 2,150,996May 2018 
 94 
 25 
 0 
 69 
 0 
 2,086,483June 2018 
 143 
 17 
 0 
 126 
 0 
 2,052,605July 2018 
 224 
 20 
 0 
 203 
 0 
 2,014,388Aug. 2018 
 261 
 18 
 0 
 243 
 0 
 1,975,833Sept. 2018 
 290 
 38 
 0 
 252 
 0 
 1,937,721Oct. 2018 
 209 
 21 
 0 
 189 
 0 
 1,895,589Nov. 2018 
 97 
 11 
 0 
 86 
 0 
 1,840,731Dec. 2018 
 76 
 18 
 0 
 58 
 0 
 1,759,780Jan. 2019 
 26 
 20 
 0 
 6 
 0 
 1,707,230Feb. 2019 
 19 
 7 
 0 
 12 
 0 
 1,713,664Mar. 2019 
 15 
 7 
 0 
 8 
 0 
 1,725,923Apr. 2019 
 30 
 14 
 0 
 15 
 0 
 1,623,875Two weeks ending 3Mar. 13, 2019 
 12 
 5 
 0 
 8 
 0 
 1,776,265Mar. 27, 2019 
 13 
 5 
 0 
 8 
 0 
 1,692,253Apr. 10, 2019 
 36 
 28 
 0 
 8 
 0 
 1,680,155Apr. 24, 2019 
 24 
 9 
 0 
 15 
 0 
 1,620,200May 8, 2019 
 34 
 5 
 0 
 29 
 0 
 1,538,649 Footnotes Equals total reserves (table 2, column 1) less total borrowings from the Federal Reserve. 
 Prorated averages of biweekly averages. 
 Averages of daily figures.
 Back to Top


Board of Governors *of the* Federal Reserve System About the Fed
                News & Events
                Monetary Policy
                Supervision & Regulation
                Payment Systems
                Economic Research
                Data
                Consumers & Communities
 Tools and Information Contact
                Publications
                Freedom of Information (FOIA)
                Office of Inspector General
                Budget & Performance | Audit
                No FEAR Act
                Español
                Website Policies | Privacy Program
                Accessibility
 Stay Connected Federal Reserve Facebook Page Federal Reserve Twitter Page Federal Reserve YouTube Page Federal Reserve Flickr Page Federal Reserve LinkedIn Page Subscribe to RSS Feeds Subscribe to Email


Board of Governors *of the* Federal Reserve System 20th Street and Constitution Avenue N.W., Washington, DC 20551