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Home > Releases > H.3 Aggregate Reserves of Depository Institutions and the Monetary Base > Excess Reserves of Depository Institutions (DISCONTINUED SERIES) (EXCRESNS)

Excess Reserves of Depository Institutions (DISCONTINUED SERIES) (EXCRESNS)

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Units:  Levels | Chg. | Chg. from Yr. Ago | % Chg. | % Chg. from Yr. Ago | Comp. Annual Rate of Chg. | Cont. Comp. Rate of Chg. | Cont. Comp. Annual Rate of Chg.
Notes: Growth Rate Calculations | US recession dates
  Real-Time Period
Title Start     End     

Excess Reserves of Depository Institutions 1996-12-12 2013-07-10
Excess Reserves of Depository Institutions (DISCONTINUED SERIES) 2013-07-11 Current
 
Source    

Board of Governors of the Federal Reserve System (US) 1996-12-12 Current
 
Release    

H.3 Aggregate Reserves of Depository Institutions and the Monetary Base 1996-12-12 Current
 
Units    

Billions of Dollars 1996-12-12 Current
 
Frequency    

Monthly 1996-12-12 Current
 
Seasonal Adjustment    

Not Seasonally Adjusted 1996-12-12 Current
 
Notes    

Amount of funds held by a depository institution in its account at a Federal Reserve Bank in excess of its required reserve balance and its contractual clearing balance. Excess reserves equals total reserves less required reserves.

1996-12-12 2012-07-11
Excess reserves are those deposits held by depository institutions at the Fed not used to satisfy statutory reserve requirements plus that vault cash held by the same institutions not used to satisfy statutory reserve requirements. Excess reserves equals total reserves less required reserves.

2012-07-12 2013-07-10
Excess reserves are those deposits held by depository institutions at the Fed not used to satisfy statutory reserve requirements plus that vault cash held by the same institutions not used to satisfy statutory reserve requirements. Excess reserves equals total reserves less required reserves.

As stated by the source: The concept of Excess reserves, defined as total reserve balances less reserve balance requirements, no longer aligns with the remuneration structure following phase two of the simplification of reserves administration. http://www.frbservices.org/centralbank/reservescentral/reserves_administration_resource_center.html
Nevertheless, to get at the historical concept of Excess reserves using the new H.3 statistical release, take Total reserve balances maintained (http://research.stlouisfed.org/fred2/series/RESBALNS) less Reserve balance requirements (http://research.stlouisfed.org/fred2/series/RESBALREQ). 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 (http://research.stlouisfed.org/fred2/series/RESBALNS) less Bottom of penalty-free band (http://research.stlouisfed.org/fred2/series/RESBRQBPF).

2013-07-11 Current
 

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Money, Banking, & Finance > Monetary Data > Reserves


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