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(a) Factors Absorbing Reserve Funds - Deposits with Federal Reserve Banks, Other than Reserve Balances - Service-Related - Required Clearing Balances, Millions of Dollars, Not Seasonally Adjusted (WLDSRRCBA)


A required clearing balance (also called a contractual clearing balance) is an amount agreed upon in advance that a depository institution holds in excess of the balance it must maintain to satisfy its reserve requirements, if any. Required clearing balances facilitate access to Federal Reserve priced services, such as check processing and use of Fedwire. Required clearing balances are especially useful for institutions that do not maintain accounts at the Reserve Bank for meeting reserve requirements, either because they keep reserves in the form of vault cash or because they maintain reserve balances at correspondent banks. Balances maintained to satisfy a required clearing balance generate earnings credits for the depository institution. The credits are used to pay for Reserve Bank priced services.

Factors Absorbing Reserve Funds - Deposits with Federal Reserve Banks, Other than Reserve Balances - Service-Related - Required Clearing Balances
   

  

Integer Period Range: to copy to all
Create your own data transformation: [+]

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Use a formula to modify and combine data series into a single line. For example, invert an exchange rate a by using formula 1/a, or calculate the spread between 2 interest rates a and b by using formula a - b.

Use the assigned data series variables above (e.g. a, b, ...) together with operators {+, -, *, /, ^}, braces {(,)}, and constants {e.g. 2, 1.5} to create your own formula {e.g. 1/a, a-b, (a+b)/2, (a/(a+b+c))*100}. The default formula 'a' displays only the first data series added to this line. You may also add data series to this line before entering a formula.



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(a) Factors Absorbing Reserve Funds - Deposits with Federal Reserve Banks, Other than Reserve Balances - Service-Related - Required Clearing Balances, Millions of Dollars, Not Seasonally Adjusted (WLDSRRCBA)


A required clearing balance (also called a contractual clearing balance) is an amount agreed upon in advance that a depository institution holds in excess of the balance it must maintain to satisfy its reserve requirements, if any. Required clearing balances facilitate access to Federal Reserve priced services, such as check processing and use of Fedwire. Required clearing balances are especially useful for institutions that do not maintain accounts at the Reserve Bank for meeting reserve requirements, either because they keep reserves in the form of vault cash or because they maintain reserve balances at correspondent banks. Balances maintained to satisfy a required clearing balance generate earnings credits for the depository institution. The credits are used to pay for Reserve Bank priced services.

Factors Absorbing Reserve Funds - Deposits with Federal Reserve Banks, Other than Reserve Balances - Service-Related - Required Clearing Balances
   

  

Integer Period Range: to copy to all
Create your own data transformation: [+]

Need help? [+]

Use a formula to modify and combine data series into a single line. For example, invert an exchange rate a by using formula 1/a, or calculate the spread between 2 interest rates a and b by using formula a - b.

Use the assigned data series variables above (e.g. a, b, ...) together with operators {+, -, *, /, ^}, braces {(,)}, and constants {e.g. 2, 1.5} to create your own formula {e.g. 1/a, a-b, (a+b)/2, (a/(a+b+c))*100}. The default formula 'a' displays only the first data series added to this line. You may also add data series to this line before entering a formula.



will be applied to formula result
  

Create segments for min, max, and average values: [+]



Graph Data

Suggested Citation
Board of Governors of the Federal Reserve System (US), Factors Absorbing Reserve Funds - Deposits with Federal Reserve Banks, Other than Reserve Balances - Service-Related - Required Clearing Balances [WLDSRRCBA], retrieved from FRED, Federal Reserve Bank of St. Louis https://alfred.stlouisfed.org/fred2/series/WLDSRRCBA/, December 17, 2014.





Retrieving data.
Graph updated.

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