Observations
May 2013: 1,863.345 | Billions of Dollars | Monthly
Updated: Jun 14, 2013 11:46 AM CDT
Next Release Date: Not Available
Observations
May 2013: | 1,863.345 | |
Apr 2013: | 1,768.834 | |
Mar 2013: | 1,698.154 | |
Feb 2013: | 1,616.788 | |
Jan 2013: | 1,519.460 | |
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Frequency:
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Source: Board of Governors of the Federal Reserve System (US)
Release: H.3 Aggregate Reserves of Depository Institutions and the Monetary Base
Units: Billions of Dollars, Not Seasonally Adjusted
Frequency: Monthly
The series is calculated by the Federal Reserve Bank of St.Louis using data derived from the H.3 and H.4.1. releases.
This series has been discontinued with a phase of the simplification of reserves administration (https://federalregister.gov/a/2012-8562). Contractual clearing balance program was eliminated on July 12, 2012.
Nevertheless, to get at the historical concept of Excess reserves using the new H.3 statistical release, take Total reserve balances maintained less Reserve balance requirements. Alternatively, one can view excess as the amount of balances maintained that satisfy the minimum requirements, which can be calculated by taking Total reserve balances maintained less Bottom of penalty-free band.
Board of Governors of the Federal Reserve System (US), Excess Reserves Plus Required Clearing Balance Contracts of Depository Institutions (DISCONTINUED) [XRCB], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/XRCB, .
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