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Home > Releases > H.3 Aggregate Reserves of Depository Institutions and the Monetary Base > Non-Borrowed Reserves of Depository Institutions Plus Term Auction Credit (DISCONTINUED SERIES) (NONBORTAF)

Non-Borrowed Reserves of Depository Institutions Plus Term Auction Credit (DISCONTINUED SERIES) (NONBORTAF)

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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     

Non-Borrowed Reserves of Depository Institutions Plus Term Auction Credit 2008-02-07 2013-07-10
Non-Borrowed Reserves of Depository Institutions Plus Term Auction Credit (DISCONTINUED SERIES) 2013-07-11 Current
 
Source    

Board of Governors of the Federal Reserve System 2008-02-07 Current
 
Release    

H.3 Aggregate Reserves of Depository Institutions and the Monetary Base 2008-02-07 Current
 
Units    

Billions of Dollars 2008-02-07 Current
 
Frequency    

Monthly 2008-02-07 Current
 
Seasonal Adjustment    

Seasonally Adjusted 2008-02-07 Current
 
Notes    

The series is calculated by the Federal Reserve Bank of St. Louis.

2008-02-07 2013-07-10
The series is calculated by the Federal Reserve Bank of St. Louis.

This series has been discontinued because Non-borrowed reserves are no longer reported as seasonally adjusted on the H.3 release. On December 12, 2007, the Federal Reserve created the Term Auction Facility (TAF) to improve depository institutions' access to term funding. The TAF provided credit through an auction mechanism to depository institutions in generally sound financial condition. The TAF offered 28-day and, beginning in August 2008, 84-day loans.

On September 24, 2009, the Federal Reserve announced that the TAF would be scaled back in response to continued improvements in financial market conditions. The auction amount for the 84-day auctions was reduced in late 2009 and the maturity dates of the 84-day auctions were adjusted over time to align with the maturity dates of the 28-day auctions. Subsequently, the auction amount for the remaining 28-day auctions was tapered, and the final TAF auction was held on March 8, 2010. Credit extended under the March 2010 auction matured on April 8, 2010. All TAF loans were fully collateralized to the satisfaction of the lending Reserve Bank, with an appropriate "haircut" applied to the value of the collateral and were repaid in full, with interest, in accordance with the terms of the facility.

2013-07-11 Current
 

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Money, Banking, & Finance > Monetary Data > Reserves


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