NOTE: THIS DATA FILE WILL CHANGE! To improve accessibility of data for all users, we will convert this file from a text format to an html table by the end of June 2024. Title: Borrowings from the Federal Reserve, Primary (DISCONTINUED) Series ID: PRIMBORR Source: Board of Governors of the Federal Reserve System (US) Release: H.3 Aggregate Reserves of Depository Institutions and the Monetary Base Seasonal Adjustment: Not Seasonally Adjusted Frequency: Monthly Units: Millions of Dollars Date Range: 2003-01-01 to 2020-08-01 Last Updated: 2020-09-10 3:46 PM CDT Notes: The Board of Governors discontinued the H.3 statistical release on September 17, 2020. For more information, please see the announcement (https://www.federalreserve.gov/feeds/h3.html) posted on August 20, 2020. Primary credit is available to generally sound depository institutions on a very short-term basis, typically overnight, at a rate above the Federal Open Market Committee's (FOMC) target rate for federal funds. Depository institutions are not required to seek alternative sources of funds before requesting occasional advances of primary credit. The Federal Reserve expects that, given the above-market pricing of primary credit, institutions will use the Discount Window as a backup rather than a regular source of funding. Primary credit may be used for any purpose, including financing the sale of federal funds. By making funds readily available at the primary credit rate when there is a temporary shortage of liquidity in the banking system, thus capping the actual federal funds rate at or close to the primary credit rate, the primary credit program complements open market operations in the implementation of monetary policy. Reserve Banks ordinarily do not require depository institutions to provide reasons for requesting very short-term primary credit. Rather, borrowers are asked to provide only the minimum information necessary to process a loan, usually the amount and term of the loan. Should a pattern of borrowing or the nature of a particular borrowing request strongly indicate that a depository institution is not generally sound or does not satisfy the conditions described in the two previous paragraphs, a Reserve Bank may seek additional information. Primary credit may be extended for periods of up to a few weeks to depository institutions in generally sound financial condition that cannot obtain temporary funds in the market at reasonable terms. Large and medium-sized institutions are unlikely to meet this test. Longer-term extensions of credit are subject to increased administration. DATE VALUE 2003-01-01 12 2003-02-01 21 2003-03-01 14 2003-04-01 8 2003-05-01 3 2003-06-01 87 2003-07-01 21 2003-08-01 168 2003-09-01 23 2003-10-01 13 2003-11-01 25 2003-12-01 17 2004-01-01 93 2004-02-01 28 2004-03-01 23 2004-04-01 29 2004-05-01 9 2004-06-01 40 2004-07-01 42 2004-08-01 18 2004-09-01 97 2004-10-01 15 2004-11-01 105 2004-12-01 11 2005-01-01 39 2005-02-01 26 2005-03-01 13 2005-04-01 52 2005-05-01 6 2005-06-01 85 2005-07-01 176 2005-08-01 63 2005-09-01 12 2005-10-01 35 2005-11-01 20 2005-12-01 97 2006-01-01 78 2006-02-01 21 2006-03-01 119 2006-04-01 164 2006-05-01 24 2006-06-01 16 2006-07-01 39 2006-08-01 26 2006-09-01 66 2006-10-01 24 2006-11-01 48 2006-12-01 111 2007-01-01 187 2007-02-01 8 2007-03-01 21 2007-04-01 32 2007-05-01 14 2007-06-01 43 2007-07-01 45 2007-08-01 701 2007-09-01 1345 2007-10-01 126 2007-11-01 315 2007-12-01 3787 2008-01-01 1137 2008-02-01 155 2008-03-01 1617 2008-04-01 9624 2008-05-01 14076 2008-06-01 14225 2008-07-01 15204 2008-08-01 17980 2008-09-01 32632 2008-10-01 94017 2008-11-01 95839 2008-12-01 88245 2009-01-01 70436 2009-02-01 65463 2009-03-01 62513 2009-04-01 47324 2009-05-01 40124 2009-06-01 37302 2009-07-01 34366 2009-08-01 32147 2009-09-01 29243 2009-10-01 25163 2009-11-01 20434 2009-12-01 19025 2010-01-01 16407 2010-02-01 14258 2010-03-01 11136 2010-04-01 6468 2010-05-01 4198 2010-06-01 288 2010-07-01 39 2010-08-01 22 2010-09-01 32 2010-10-01 37 2010-11-01 89 2010-12-01 41 2011-01-01 51 2011-02-01 28 2011-03-01 11 2011-04-01 14 2011-05-01 10 2011-06-01 24 2011-07-01 7 2011-08-01 5 2011-09-01 19 2011-10-01 19 2011-11-01 20 2011-12-01 103 2012-01-01 27 2012-02-01 13 2012-03-01 12 2012-04-01 21 2012-05-01 16 2012-06-01 19 2012-07-01 26 2012-08-01 39 2012-09-01 62 2012-10-01 17 2012-11-01 9 2012-12-01 12 2013-01-01 11 2013-02-01 10 2013-03-01 8 2013-04-01 9 2013-05-01 12 2013-06-01 19 2013-07-01 15 2013-08-01 17 2013-09-01 21 2013-10-01 13 2013-11-01 8 2013-12-01 13 2014-01-01 9 2014-02-01 4 2014-03-01 8 2014-04-01 18 2014-05-01 12 2014-06-01 17 2014-07-01 11 2014-08-01 15 2014-09-01 18 2014-10-01 8 2014-11-01 12 2014-12-01 22 2015-01-01 48 2015-02-01 13 2015-03-01 11 2015-04-01 24 2015-05-01 6 2015-06-01 14 2015-07-01 6 2015-08-01 14 2015-09-01 9 2015-10-01 6 2015-11-01 9 2015-12-01 38 2016-01-01 55 2016-02-01 23 2016-03-01 9 2016-04-01 20 2016-05-01 10 2016-06-01 25 2016-07-01 37 2016-08-01 6 2016-09-01 12 2016-10-01 5 2016-11-01 8 2016-12-01 13 2017-01-01 11 2017-02-01 17 2017-03-01 7 2017-04-01 21 2017-05-01 11 2017-06-01 15 2017-07-01 12 2017-08-01 7 2017-09-01 10 2017-10-01 4 2017-11-01 11 2017-12-01 43 2018-01-01 51 2018-02-01 7 2018-03-01 4 2018-04-01 16 2018-05-01 25 2018-06-01 17 2018-07-01 20 2018-08-01 18 2018-09-01 38 2018-10-01 21 2018-11-01 11 2018-12-01 18 2019-01-01 20 2019-02-01 7 2019-03-01 7 2019-04-01 14 2019-05-01 18 2019-06-01 20 2019-07-01 9 2019-08-01 16 2019-09-01 15 2019-10-01 4 2019-11-01 4 2019-12-01 10 2020-01-01 5 2020-02-01 3 2020-03-01 19538 2020-04-01 38299 2020-05-01 22180 2020-06-01 8456 2020-07-01 4670 2020-08-01 2851