Fedeeral Resevre Banking: H.3 Release

[Tony Robinson El]

Federal Reserve Banking H.3

Table 1 Not seasonally adjusted. Millions of dollars unless otherwise noted.
Date	Reserve balances required			Reserve balances maintained			Interest rates paid (in percent)
	Reserve balance requirements 1	Top of penalty- free band 2	Bottom of penalty- free band 3	Total	Balances maintained to satisfy reserve balance requirements 4	Balances maintained that exceed the top of the penalty- free band 5	Balances maintained to satisfy reserve balance requirements	Balances maintained that exceed the top of the penalty- free band
Month 6
July 2012	52,002			1,535,052
Aug. 2012	55,226			1,532,976
Sept. 2012	59,240			1,468,681
Oct. 2012	58,455			1,476,730
Nov. 2012	62,202			1,497,506
Dec. 2012	58,674			1,517,425
Jan. 2013	63,065			1,582,524
Feb. 2013	63,298			1,680,086
Mar. 2013	62,205			1,760,359
Apr. 2013	64,118			1,832,952
May 2013	67,377			1,930,723
June 2013	63,668			2,010,604
July 2013	63,296	69,643	56,953	2,094,225	69,338	2,024,886
Two weeks ending 7
June 26, 2013	65,487			1,988,035
July 10, 2013	63,691	70,077	57,309	2,046,964	69,819	1,977,145	0.25	0.25
July 24, 2013	62,533	68,804	56,266	2,093,605	68,468	2,025,137	0.25	0.25
Aug 7, 2013	64,257	70,699	57,818	2,162,982	70,393	2,092,589	0.25	0.25
Aug 21, 2013	61,601	67,777	55,428	2,184,608	67,367	2,117,241	0.25	0.25

Footnotes

1. Equals required reserves (table 2, column 2) less vault cash used to satisfy required reserves (table 2, column 4).
2. 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.
3. 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.
4. Equals the sum of balances maintained up to the top of each institution's penalty-free band.
5. Equals the sum of balances maintained that exceed the top of each institution's penalty-free band.
6. Prorated averages of biweekly averages.
7. Averages of daily figures.

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Table 2 Not seasonally adjusted. Millions of dollars.
Date	Reserves		Vault cash 2			Monetary base
	Total 1	Required	Total	Used to satisfy required reserves 3	Surplus 4	Total 5	Total balances maintained	Currency in circulation
Month 6
July 2012	1,583,770	100,721	58,292	48,718	9,574	2,647,752	1,534,190	1,113,561
Aug. 2012	1,582,193	104,443	58,396	49,217	9,179	2,650,750	1,532,976	1,117,773
Sept. 2012	1,517,507	108,066	58,102	48,826	9,276	2,594,909	1,468,681	1,126,228
Oct. 2012	1,525,583	107,309	59,280	48,854	10,426	2,611,775	1,476,730	1,135,045
Nov. 2012	1,546,110	110,806	59,187	48,604	10,583	2,646,809	1,497,506	1,149,303
Dec. 2012	1,570,383	111,632	63,893	52,958	10,936	2,675,945	1,517,425	1,158,520
Jan. 2013	1,636,934	117,475	64,220	54,410	9,810	2,741,743	1,582,524	1,159,218
Feb. 2013	1,733,393	116,605	63,995	53,308	10,687	2,845,244	1,680,086	1,165,158
Mar. 2013	1,811,300	113,146	61,223	50,941	10,282	2,935,024	1,760,359	1,174,666
Apr. 2013	1,884,689	115,855	61,811	51,737	10,074	3,011,731	1,832,952	1,178,779
May 2013	1,981,983	118,638	61,285	51,261	10,024	3,116,937	1,930,723	1,186,214
June 2013	2,062,905	115,969	62,084	52,302	9,782	3,201,483	2,010,604	1,190,879
July 2013	2,147,705	116,776	62,853	53,480	9,373	3,290,899	2,094,225	1,196,674
Two weeks ending 7
June 26, 2013	2,041,848	119,300	62,855	53,813	9,042	3,177,561	1,988,035	1,189,526
July 10, 2013	2,101,550	118,277	63,903	54,586	9,317	3,245,566	2,046,964	1,198,602
July 24, 2013	2,145,745	114,673	61,626	52,140	9,486	3,288,934	2,093,605	1,195,330
Aug 7, 2013	2,217,564	118,839	63,809	54,582	9,227	3,359,591	2,162,982	1,196,609
Aug 21, 2013	2,238,051	115,044	64,027	53,443	10,584	3,383,104	2,184,608	1,198,496

Footnotes

1. Equals total reserve balances maintained (table 1, column 4) plus vault cash used to satisfy required reserves.
2. 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.
3. 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.
4. Total vault cash eligible to satisfy reserve requirements, held by institutions not exempt from reserve requirements, minus the amount used to satisfy reserve requirements.
5. Equals total balances maintained plus currency in circulation.
6. Prorated averages of biweekly averages.
7. Averages of daily figures.

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Table 3 Not seasonally adjusted. Millions of dollars.
Date	Borrowings from the Federal Reserve						Nonborrowed reserves 2
	Total	Primary	Secondary	Seasonal	Term Asset-Backed Securities Loan Facility 1	Other credit extensions
Month 3
July 2012	4,258	26	0	97	4,135	0	1,579,512
Aug. 2012	3,271	39	0	138	3,094	0	1,578,923
Sept. 2012	1,965	62	0	123	1,781	0	1,515,542
Oct. 2012	1,466	17	0	66	1,383	0	1,524,118
Nov. 2012	1,051	9	0	37	1,006	0	1,545,059
Dec. 2012	795	12	0	23	760	0	1,569,587
Jan. 2013	565	11	0	7	548	0	1,636,369
Feb. 2013	465	10	0	1	454	0	1,732,928
Mar. 2013	394	8	0	0	386	0	1,810,906
Apr. 2013	401	9	0	11	380	0	1,884,288
May 2013	410	12	0	42	356	0	1,981,573
June 2013	351	19	0	65	267	0	2,062,554
July 2013	359	15	0	109	235	0	2,147,346
Two weeks ending 4
June 26, 2013	363	25	0	72	267	0	2,041,485
July 10, 2013	373	25	0	91	257	0	2,101,177
July 24, 2013	363	12	0	113	239	0	2,145,382
Aug 7, 2013	334	9	0	127	198	0	2,217,230
Aug 21, 2013	340	19	0	143	179	0	2,237,712

Footnotes

1. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
2. Equals total reserves (table 2, column 1) less total borrowings from the Federal Reserve.
3. Prorated averages of biweekly averages.
4. Averages of daily figures.