Graph: Factors Supplying Reserve Balances - Float

Click and drag in the plot area or select dates: Select date:   1yr | 5yr | 10yr | Max   to
Restore defaults | Save settings | Apply saved settings

    w   h
Graph Background: Plot Background: Text:


(a) Factors Supplying Reserve Balances - Float, Millions of Dollars, Not Seasonally Adjusted (WOFSRBFA)
Reserve balances can be affected by mismatches in check-clearing operations. When a check is received by a Reserve Bank, the depositing institution's account is credited according to a fixed schedule, regardless of when the check is presented to the bank on which it is drawn. When there are delays in the presentment of checks to the paying institution, the receiving institution's account is credited before the account of the paying depository institution is charged, elevating reserve balances. Conversely, if the paying institution's account is debited faster than the schedule for crediting the receiving institution's account, reserve balances are reduced. These increases or decreases in reserve balances that result from mismatches in the timing of check clearing are known as float. Float figures include the net amount of float-related adjustments.

Factors Supplying Reserve Balances - Float


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 Supplying Reserve Balances - Float [WOFSRBFA], retrieved from FRED, Federal Reserve Bank of St. Louis, January 24, 2015.

Retrieving data.
Graph updated.

Recently Viewed Series

Subscribe to our newsletter for updates on published research, data news, and latest econ information.
Name:   Email:  
Twitter logo Google Plus logo Facebook logo YouTube logo LinkedIn logo

Click to send us feedback