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Title:               Reserve Balances Required; Top of Penalty-Free Band (DISCONTINUED)
Series ID:           RESBRQTPF
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 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.

DATE          VALUE
2013-07-01    69643
2013-08-01    71724
2013-09-01    73944
2013-10-01    73399
2013-11-01    77546
2013-12-01    75947
2014-01-01    83506
2014-02-01    85067
2014-03-01    86333
2014-04-01    88238
2014-05-01    91213
2014-06-01    89603
2014-07-01    93064
2014-08-01    95605
2014-09-01    90096
2014-10-01    93544
2014-11-01    95081
2014-12-01    91061
2015-01-01    99589
2015-02-01    98045
2015-03-01   100660
2015-04-01   101729
2015-05-01   101607
2015-06-01    96684
2015-07-01   101030
2015-08-01   105770
2015-09-01   101188
2015-10-01    98615
2015-11-01    98545
2015-12-01    98259
2016-01-01   106172
2016-02-01    99760
2016-03-01   102081
2016-04-01   106979
2016-05-01   111280
2016-06-01   109656
2016-07-01   112218
2016-08-01   113258
2016-09-01   118620
2016-10-01   116270
2016-11-01   118091
2016-12-01   116551
2017-01-01   121546
2017-02-01   119092
2017-03-01   119005
2017-04-01   124561
2017-05-01   127023
2017-06-01   130018
2017-07-01   132712
2017-08-01   132113
2017-09-01   134332
2017-10-01   128574
2017-11-01   135467
2017-12-01   136103
2018-01-01   139484
2018-02-01   136420
2018-03-01   132326
2018-04-01   139070
2018-05-01   140970
2018-06-01   138065
2018-07-01   138323
2018-08-01   135994
2018-09-01   139444
2018-10-01   136215
2018-11-01   139202
2018-12-01   136085
2019-01-01   144255
2019-02-01   137655
2019-03-01   141279
2019-04-01   143144
2019-05-01   148200
2019-06-01   148409
2019-07-01   148624
2019-08-01   148114
2019-09-01   148188
2019-10-01   148509
2019-11-01   154787
2019-12-01   152893
2020-01-01   159309
2020-02-01   152218
2020-03-01   124461
2020-04-01        0
2020-05-01        0
2020-06-01        0
2020-07-01        0
2020-08-01        0