Title: Non-Borrowed Reserves of Depository Institutions Series ID: BOGNONBR Source: Board of Governors of the Federal Reserve System Release: H.3 Aggregate Reserves of Depository Institutions and the Monetary Base Seasonal Adjustment: Seasonally Adjusted Frequency: Monthly Units: Billions of Dollars Date Range: 1959-01-01 to 2009-12-01 Last Updated: 2010-02-05 10:01 AM CST Notes: By definition, nonborrowed reserves are equal to total reserves minus borrowed reserves. Borrowed reserves are equal to the sum of credit extended through the Federal Reserve's regular discount window programs and credit extended through certain Federal Reserve liquidity facilities. Total borrowings from the Federal Reserve are presented in table 1a of the release. Over much of 2008, in order to maintain a level of total reserves consistent with the Federal Open Market Committee's objective for the federal funds rate, increases in borrowed reserves were offset through a nearly commensurate decrease in nonborrowed reserves, which was accomplished through a reduction in the Federal Reserve's holdings of securities and other assets. The negative level of nonborrowed reserves was an arithmetic result of the fact that borrowings from the Federal Reserve liquidity facilities were larger than total reserves. DATE VALUE 1959-01-01 10.560 1959-02-01 10.624 1959-03-01 10.482 1959-04-01 10.424 1959-05-01 10.317 1959-06-01 10.043 1959-07-01 10.148 1959-08-01 10.177 1959-09-01 10.202 1959-10-01 10.150 1959-11-01 10.194 1959-12-01 10.168 1960-01-01 10.194 1960-02-01 10.074 1960-03-01 10.155 1960-04-01 10.161 1960-05-01 10.344 1960-06-01 10.451 1960-07-01 10.615 1960-08-01 10.782 1960-09-01 10.932 1960-10-01 11.049 1960-11-01 11.166 1960-12-01 11.172 1961-01-01 11.259 1961-02-01 11.096 1961-03-01 11.038 1961-04-01 11.066 1961-05-01 10.940 1961-06-01 11.024 1961-07-01 11.070 1961-08-01 11.169 1961-09-01 11.251 1961-10-01 11.342 1961-11-01 11.384 1961-12-01 11.366 1962-01-01 11.403 1962-02-01 11.233 1962-03-01 11.170 1962-04-01 11.258 1962-05-01 11.323 1962-06-01 11.226 1962-07-01 11.302 1962-08-01 11.231 1962-09-01 11.303 1962-10-01 11.387 1962-11-01 11.372 1962-12-01 11.344 1963-01-01 11.421 1963-02-01 11.290 1963-03-01 11.255 1963-04-01 11.319 1963-05-01 11.216 1963-06-01 11.139 1963-07-01 11.232 1963-08-01 11.155 1963-09-01 11.184 1963-10-01 11.137 1963-11-01 11.198 1963-12-01 11.397 1964-01-01 11.369 1964-02-01 11.261 1964-03-01 11.285 1964-04-01 11.326 1964-05-01 11.263 1964-06-01 11.326 1964-07-01 11.387 1964-08-01 11.480 1964-09-01 11.518 1964-10-01 11.567 1964-11-01 11.598 1964-12-01 11.747 1965-01-01 11.653 1965-02-01 11.479 1965-03-01 11.472 1965-04-01 11.571 1965-05-01 11.417 1965-06-01 11.467 1965-07-01 11.544 1965-08-01 11.531 1965-09-01 11.517 1965-10-01 11.630 1965-11-01 11.655 1965-12-01 11.872 1966-01-01 11.875 1966-02-01 11.711 1966-03-01 11.604 1966-04-01 11.621 1966-05-01 11.575 1966-06-01 11.549 1966-07-01 11.629 1966-08-01 11.430 1966-09-01 11.460 1966-10-01 11.465 1966-11-01 11.598 1966-12-01 11.690 1967-01-01 11.924 1967-02-01 11.916 1967-03-01 12.237 1967-04-01 12.342 1967-05-01 12.329 1967-06-01 12.351 1967-07-01 12.607 1967-08-01 12.598 1967-09-01 12.758 1967-10-01 12.959 1967-11-01 12.999 1967-12-01 12.952 1968-01-01 12.993 1968-02-01 12.815 1968-03-01 12.527 1968-04-01 12.432 1968-05-01 12.389 1968-06-01 12.557 1968-07-01 12.928 1968-08-01 12.875 1968-09-01 12.931 1968-10-01 13.086 1968-11-01 13.104 1968-12-01 13.021 1969-01-01 12.893 1969-02-01 12.879 1969-03-01 12.751 1969-04-01 12.468 1969-05-01 12.470 1969-06-01 12.410 1969-07-01 12.239 1969-08-01 12.565 1969-09-01 12.743 1969-10-01 12.754 1969-11-01 12.969 1969-12-01 13.049 1970-01-01 13.128 1970-02-01 13.019 1970-03-01 13.173 1970-04-01 13.364 1970-05-01 13.040 1970-06-01 13.197 1970-07-01 12.799 1970-08-01 13.445 1970-09-01 13.847 1970-10-01 14.017 1970-11-01 14.055 1970-12-01 14.225 1971-01-01 14.240 1971-02-01 14.488 1971-03-01 14.479 1971-04-01 14.606 1971-05-01 14.698 1971-06-01 14.564 1971-07-01 14.302 1971-08-01 14.380 1971-09-01 14.928 1971-10-01 14.854 1971-11-01 14.864 1971-12-01 15.104 1972-01-01 15.347 1972-02-01 15.331 1972-03-01 15.382 1972-04-01 15.534 1972-05-01 15.628 1972-06-01 15.809 1972-07-01 15.597 1972-08-01 15.623 1972-09-01 15.459 1972-10-01 15.637 1972-11-01 15.833 1972-12-01 15.595 1973-01-01 15.548 1973-02-01 15.120 1973-03-01 15.099 1973-04-01 15.020 1973-05-01 14.829 1973-06-01 14.895 1973-07-01 15.035 1973-08-01 14.631 1973-09-01 14.883 1973-10-01 15.448 1973-11-01 15.585 1973-12-01 15.723 1974-01-01 16.171 1974-02-01 15.933 1974-03-01 15.817 1974-04-01 15.561 1974-05-01 14.833 1974-06-01 14.361 1974-07-01 14.185 1974-08-01 14.055 1974-09-01 14.102 1974-10-01 15.536 1974-11-01 16.201 1974-12-01 16.823 1975-01-01 16.874 1975-02-01 17.123 1975-03-01 17.333 1975-04-01 17.387 1975-05-01 17.288 1975-06-01 17.488 1975-07-01 17.331 1975-08-01 17.449 1975-09-01 17.438 1975-10-01 17.397 1975-11-01 17.789 1975-12-01 17.692 1976-01-01 17.537 1976-02-01 17.725 1976-03-01 17.821 1976-04-01 17.675 1976-05-01 17.826 1976-06-01 17.820 1976-07-01 17.714 1976-08-01 17.953 1976-09-01 17.948 1976-10-01 17.983 1976-11-01 18.268 1976-12-01 18.335 1977-01-01 18.353 1977-02-01 18.227 1977-03-01 18.301 1977-04-01 18.406 1977-05-01 18.379 1977-06-01 18.208 1977-07-01 18.425 1977-08-01 17.858 1977-09-01 18.247 1977-10-01 17.658 1977-11-01 18.150 1977-12-01 18.420 1978-01-01 18.806 1978-02-01 19.155 1978-03-01 18.958 1978-04-01 18.851 1978-05-01 18.443 1978-06-01 18.774 1978-07-01 18.801 1978-08-01 18.772 1978-09-01 18.934 1978-10-01 18.832 1978-11-01 19.169 1978-12-01 18.885 1979-01-01 18.818 1979-02-01 18.423 1979-03-01 18.439 1979-04-01 18.587 1979-05-01 17.788 1979-06-01 18.390 1979-07-01 18.822 1979-08-01 18.923 1979-09-01 18.667 1979-10-01 18.353 1979-11-01 18.492 1979-12-01 19.248 1980-01-01 19.452 1980-02-01 19.027 1980-03-01 17.879 1980-04-01 18.174 1980-05-01 19.421 1980-06-01 20.196 1980-07-01 20.401 1980-08-01 20.352 1980-09-01 19.921 1980-10-01 19.837 1980-11-01 20.091 1980-12-01 20.325 1981-01-01 20.278 1981-02-01 20.536 1981-03-01 21.072 1981-04-01 20.849 1981-05-01 20.219 1981-06-01 20.289 1981-07-01 20.650 1981-08-01 20.936 1981-09-01 21.031 1981-10-01 21.115 1981-11-01 21.675 1981-12-01 21.807 1982-01-01 21.152 1982-02-01 20.762 1982-03-01 20.898 1982-04-01 20.769 1982-05-01 21.285 1982-06-01 21.164 1982-07-01 21.490 1982-08-01 21.833 1982-09-01 21.752 1982-10-01 22.412 1982-11-01 22.733 1982-12-01 22.966 1983-01-01 22.697 1983-02-01 23.319 1983-03-01 23.621 1983-04-01 23.890 1983-05-01 23.907 1983-06-01 23.641 1983-07-01 23.903 1983-08-01 23.830 1983-09-01 23.994 1983-10-01 24.610 1983-11-01 24.491 1983-12-01 24.593 1984-01-01 24.736 1984-02-01 25.262 1984-03-01 24.811 1984-04-01 24.457 1984-05-01 22.894 1984-06-01 22.793 1984-07-01 20.056 1984-08-01 18.023 1984-09-01 18.847 1984-10-01 20.242 1984-11-01 21.901 1984-12-01 23.727 1985-01-01 25.682 1985-02-01 26.307 1985-03-01 25.997 1985-04-01 26.548 1985-05-01 26.821 1985-06-01 27.644 1985-07-01 28.034 1985-08-01 28.580 1985-09-01 28.741 1985-10-01 29.303 1985-11-01 29.175 1985-12-01 30.250 1986-01-01 30.793 1986-02-01 30.775 1986-03-01 31.330 1986-04-01 31.625 1986-05-01 32.389 1986-06-01 33.144 1986-07-01 33.916 1986-08-01 34.319 1986-09-01 34.613 1986-10-01 35.420 1986-11-01 36.519 1986-12-01 38.014 1987-01-01 38.664 1987-02-01 38.450 1987-03-01 38.300 1987-04-01 38.540 1987-05-01 38.776 1987-06-01 38.685 1987-07-01 38.408 1987-08-01 38.561 1987-09-01 38.178 1987-10-01 38.883 1987-11-01 38.709 1987-12-01 38.135 1988-01-01 38.383 1988-02-01 39.010 1988-03-01 37.514 1988-04-01 36.628 1988-05-01 37.380 1988-06-01 37.195 1988-07-01 37.075 1988-08-01 37.229 1988-09-01 37.503 1988-10-01 38.123 1988-11-01 37.687 1988-12-01 38.738 1989-01-01 38.773 1989-02-01 38.852 1989-03-01 38.032 1989-04-01 37.244 1989-05-01 37.580 1989-06-01 37.595 1989-07-01 38.744 1989-08-01 38.722 1989-09-01 38.980 1989-10-01 39.607 1989-11-01 39.820 1989-12-01 40.221 1990-01-01 40.291 1990-02-01 39.295 1990-03-01 38.526 1990-04-01 39.236 1990-05-01 39.419 1990-06-01 39.785 1990-07-01 39.818 1990-08-01 39.946 1990-09-01 40.466 1990-10-01 40.398 1990-11-01 40.740 1990-12-01 41.440 1991-01-01 41.759 1991-02-01 41.819 1991-03-01 41.563 1991-04-01 41.630 1991-05-01 42.108 1991-06-01 42.372 1991-07-01 42.377 1991-08-01 42.628 1991-09-01 42.912 1991-10-01 43.746 1991-11-01 44.506 1991-12-01 45.324 1992-01-01 46.140 1992-02-01 47.524 1992-03-01 48.183 1992-04-01 48.951 1992-05-01 49.182 1992-06-01 49.041 1992-07-01 49.471 1992-08-01 50.228 1992-09-01 51.107 1992-10-01 52.624 1992-11-01 53.646 1992-12-01 54.298 1993-01-01 54.805 1993-02-01 54.641 1993-03-01 54.879 1993-04-01 55.285 1993-05-01 56.533 1993-06-01 56.905 1993-07-01 57.485 1993-08-01 57.831 1993-09-01 58.443 1993-10-01 59.309 1993-11-01 60.214 1993-12-01 60.484 1994-01-01 60.822 1994-02-01 60.445 1994-03-01 60.244 1994-04-01 60.379 1994-05-01 59.772 1994-06-01 59.715 1994-07-01 59.863 1994-08-01 59.490 1994-09-01 59.313 1994-10-01 58.993 1994-11-01 59.163 1994-12-01 59.257 1995-01-01 59.268 1995-02-01 58.593 1995-03-01 58.140 1995-04-01 57.862 1995-05-01 57.491 1995-06-01 57.104 1995-07-01 57.446 1995-08-01 57.256 1995-09-01 57.032 1995-10-01 56.474 1995-11-01 56.101 1995-12-01 56.226 1996-01-01 55.846 1996-02-01 54.587 1996-03-01 55.273 1996-04-01 55.088 1996-05-01 53.913 1996-06-01 53.758 1996-07-01 53.009 1996-08-01 51.828 1996-09-01 50.945 1996-10-01 49.750 1996-11-01 49.565 1996-12-01 50.030 1997-01-01 49.639 1997-02-01 48.673 1997-03-01 47.694 1997-04-01 47.093 1997-05-01 46.414 1997-06-01 46.570 1997-07-01 46.346 1997-08-01 46.315 1997-09-01 45.809 1997-10-01 45.690 1997-11-01 46.258 1997-12-01 46.551 1998-01-01 46.448 1998-02-01 45.684 1998-03-01 45.812 1998-04-01 46.058 1998-05-01 45.379 1998-06-01 45.166 1998-07-01 44.635 1998-08-01 44.685 1998-09-01 44.599 1998-10-01 44.714 1998-11-01 44.732 1998-12-01 45.055 1999-01-01 44.799 1999-02-01 44.786 1999-03-01 44.474 1999-04-01 43.576 1999-05-01 43.838 1999-06-01 42.828 1999-07-01 41.502 1999-08-01 41.783 1999-09-01 41.578 1999-10-01 41.249 1999-11-01 41.506 1999-12-01 41.852 2000-01-01 42.148 2000-02-01 41.331 2000-03-01 40.627 2000-04-01 40.276 2000-05-01 40.295 2000-06-01 39.610 2000-07-01 39.364 2000-08-01 39.086 2000-09-01 39.052 2000-10-01 38.915 2000-11-01 39.076 2000-12-01 38.515 2001-01-01 37.818 2001-02-01 38.550 2001-03-01 38.450 2001-04-01 38.444 2001-05-01 38.401 2001-06-01 38.540 2001-07-01 39.054 2001-08-01 39.645 2001-09-01 54.518 2001-10-01 45.278 2001-11-01 40.839 2001-12-01 41.361 2002-01-01 41.632 2002-02-01 41.823 2002-03-01 41.117 2002-04-01 40.627 2002-05-01 39.388 2002-06-01 38.927 2002-07-01 38.968 2002-08-01 39.431 2002-09-01 38.671 2002-10-01 38.947 2002-11-01 39.501 2002-12-01 40.259 2003-01-01 40.714 2003-02-01 41.263 2003-03-01 41.342 2003-04-01 40.740 2003-05-01 40.855 2003-06-01 42.053 2003-07-01 42.842 2003-08-01 45.378 2003-09-01 44.042 2003-10-01 43.279 2003-11-01 42.802 2003-12-01 42.585 2004-01-01 42.900 2004-02-01 43.038 2004-03-01 45.058 2004-04-01 45.755 2004-05-01 45.301 2004-06-01 45.630 2004-07-01 45.760 2004-08-01 45.230 2004-09-01 46.282 2004-10-01 46.113 2004-11-01 45.841 2004-12-01 46.478 2005-01-01 47.391 2005-02-01 45.931 2005-03-01 47.019 2005-04-01 46.215 2005-05-01 45.263 2005-06-01 45.760 2005-07-01 45.822 2005-08-01 44.906 2005-09-01 46.242 2005-10-01 45.209 2005-11-01 44.973 2005-12-01 44.920 2006-01-01 44.161 2006-02-01 44.058 2006-03-01 43.894 2006-04-01 44.429 2006-05-01 44.583 2006-06-01 45.073 2006-07-01 43.955 2006-08-01 42.675 2006-09-01 43.104 2006-10-01 42.598 2006-11-01 42.751 2006-12-01 43.029 2007-01-01 41.647 2007-02-01 42.080 2007-03-01 42.069 2007-04-01 42.337 2007-05-01 43.122 2007-06-01 43.735 2007-07-01 41.949 2007-08-01 44.427 2007-09-01 41.936 2007-10-01 42.788 2007-11-01 42.815 2007-12-01 27.783 2008-01-01 -3.371 2008-02-01 -16.760 2008-03-01 -49.405 2008-04-01 -90.620 2008-05-01 -110.073 2008-06-01 -125.604 2008-07-01 -120.390 2008-08-01 -121.821 2008-09-01 -186.522 2008-10-01 -332.861 2008-11-01 -89.480 2008-12-01 166.740 2009-01-01 293.496 2009-02-01 117.438 2009-03-01 167.385 2009-04-01 322.825 2009-05-01 375.418 2009-06-01 370.473 2009-07-01 428.033 2009-08-01 497.017 2009-09-01 615.646 2009-10-01 791.347 2009-11-01 923.181 2009-12-01 968.671