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Title:               Reserve Balances Required; Bottom of Penalty-Free Band (DISCONTINUED)
Series ID:           RESBRQBPF
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:          2013-07-01 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.
                     
                     A penalty-free band is a range on both sides of the reserve balance
                     requirement within which an institution needs to maintain its average
                     balance over the maintenance period in order to satisfy its reserve
                     balance requirement. The penalty-free band replaces carryover and
                     routine penalty waivers effective with the Regulation D changes on
                     June 27, 2013. This series 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.

DATE          VALUE
2013-07-01    56953
2013-08-01    58657
2013-09-01    60473
2013-10-01    60028
2013-11-01    63421
2013-12-01    62114
2014-01-01    68298
2014-02-01    69574
2014-03-01    70610
2014-04-01    72169
2014-05-01    74603
2014-06-01    73285
2014-07-01    76117
2014-08-01    78196
2014-09-01    73690
2014-10-01    76511
2014-11-01    77769
2014-12-01    74481
2015-01-01    81458
2015-02-01    80193
2015-03-01    82333
2015-04-01    83209
2015-05-01    83111
2015-06-01    79082
2015-07-01    82638
2015-08-01    86517
2015-09-01    82767
2015-10-01    80662
2015-11-01    80603
2015-12-01    80370
2016-01-01    86843
2016-02-01    81596
2016-03-01    83495
2016-04-01    87504
2016-05-01    91024
2016-06-01    89696
2016-07-01    91790
2016-08-01    92643
2016-09-01    97031
2016-10-01    95108
2016-11-01    96599
2016-12-01    95338
2017-01-01    99424
2017-02-01    97415
2017-03-01    97345
2017-04-01   101890
2017-05-01   103906
2017-06-01   106357
2017-07-01   108561
2017-08-01   108071
2017-09-01   109887
2017-10-01   105176
2017-11-01   110816
2017-12-01   111337
2018-01-01   114101
2018-02-01   111594
2018-03-01   108245
2018-04-01   113762
2018-05-01   115318
2018-06-01   112942
2018-07-01   113152
2018-08-01   111246
2018-09-01   114069
2018-10-01   111428
2018-11-01   113872
2018-12-01   111322
2019-01-01   118006
2019-02-01   112606
2019-03-01   115569
2019-04-01   117098
2019-05-01   121237
2019-06-01   121408
2019-07-01   121584
2019-08-01   121167
2019-09-01   121227
2019-10-01   121489
2019-11-01   126625
2019-12-01   125076
2020-01-01   130326
2020-02-01   124524
2020-03-01   101817
2020-04-01        0
2020-05-01        0
2020-06-01        0
2020-07-01        0
2020-08-01        0