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 2012-04-01 Last Updated: 2012-05-18 8:17 AM CDT 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 45.053 1999-01-01 44.719 1999-02-01 44.738 1999-03-01 44.337 1999-04-01 43.434 1999-05-01 43.815 1999-06-01 42.848 1999-07-01 41.628 1999-08-01 41.919 1999-09-01 41.597 1999-10-01 41.267 1999-11-01 41.505 1999-12-01 41.787 2000-01-01 42.092 2000-02-01 41.302 2000-03-01 40.515 2000-04-01 40.152 2000-05-01 40.291 2000-06-01 39.653 2000-07-01 39.496 2000-08-01 39.225 2000-09-01 39.087 2000-10-01 38.957 2000-11-01 39.098 2000-12-01 38.465 2001-01-01 37.779 2001-02-01 38.529 2001-03-01 38.344 2001-04-01 38.325 2001-05-01 38.412 2001-06-01 38.592 2001-07-01 39.193 2001-08-01 39.795 2001-09-01 54.572 2001-10-01 45.369 2001-11-01 40.895 2001-12-01 41.338 2002-01-01 41.619 2002-02-01 41.801 2002-03-01 40.989 2002-04-01 40.483 2002-05-01 39.398 2002-06-01 38.962 2002-07-01 39.076 2002-08-01 39.534 2002-09-01 38.676 2002-10-01 38.992 2002-11-01 39.521 2002-12-01 40.207 2003-01-01 40.677 2003-02-01 41.199 2003-03-01 41.167 2003-04-01 40.558 2003-05-01 40.861 2003-06-01 42.084 2003-07-01 42.949 2003-08-01 45.460 2003-09-01 44.008 2003-10-01 43.324 2003-11-01 42.820 2003-12-01 42.519 2004-01-01 42.858 2004-02-01 42.977 2004-03-01 44.842 2004-04-01 45.554 2004-05-01 45.324 2004-06-01 45.683 2004-07-01 45.883 2004-08-01 45.304 2004-09-01 46.202 2004-10-01 46.153 2004-11-01 45.871 2004-12-01 46.400 2005-01-01 47.364 2005-02-01 45.887 2005-03-01 46.787 2005-04-01 46.017 2005-05-01 45.307 2005-06-01 45.832 2005-07-01 45.970 2005-08-01 44.995 2005-09-01 46.111 2005-10-01 45.236 2005-11-01 45.031 2005-12-01 44.833 2006-01-01 44.164 2006-02-01 44.068 2006-03-01 43.683 2006-04-01 44.262 2006-05-01 44.643 2006-06-01 45.165 2006-07-01 44.139 2006-08-01 42.785 2006-09-01 42.918 2006-10-01 42.590 2006-11-01 42.816 2006-12-01 42.941 2007-01-01 41.679 2007-02-01 42.161 2007-03-01 41.884 2007-04-01 42.218 2007-05-01 43.239 2007-06-01 43.902 2007-07-01 42.237 2007-08-01 44.635 2007-09-01 41.776 2007-10-01 42.801 2007-11-01 42.896 2007-12-01 27.726 2008-01-01 -3.275 2008-02-01 -16.586 2008-03-01 -49.563 2008-04-01 -90.709 2008-05-01 -109.863 2008-06-01 -125.325 2008-07-01 -119.917 2008-08-01 -121.486 2008-09-01 -186.739 2008-10-01 -332.845 2008-11-01 -89.395 2008-12-01 166.651 2009-01-01 293.635 2009-02-01 117.861 2009-03-01 167.319 2009-04-01 322.643 2009-05-01 375.656 2009-06-01 370.924 2009-07-01 429.007 2009-08-01 497.687 2009-09-01 615.452 2009-10-01 791.456 2009-11-01 923.585 2009-12-01 968.758 2010-01-01 966.876 2010-02-01 1113.578 2010-03-01 1094.309 2010-04-01 1036.326 2010-05-01 1034.144 2010-06-01 1029.721 2010-07-01 1022.077 2010-08-01 1025.862 2010-09-01 995.448 2010-10-01 991.528 2010-11-01 992.146 2010-12-01 1031.863 2011-01-01 1074.261 2011-02-01 1240.764 2011-03-01 1416.264 2011-04-01 1508.637 2011-05-01 1572.431 2011-06-01 1653.106 2011-07-01 1684.077 2011-08-01 1655.115 2011-09-01 1631.135 2011-10-01 1627.395 2011-11-01 1581.637 2011-12-01 1587.657 2012-01-01 1605.401 2012-02-01 1650.375 2012-03-01 1600.663 2012-04-01 1577.883