# FRED Graph

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(a) Monetary Base; Total, Millions of Dollars, Not Seasonally Adjusted (BOGMBASE)
The series equals total balances maintained plus currency in circulation.

Monetary Base; Total

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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

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(a) Excess Reserves of Depository Institutions, Millions of Dollars, Not Seasonally Adjusted (EXCSRESNS)
Series is calculated using data from the H.3 release as Total reserve balances maintained (http://research.stlouisfed.org/fred2/series/RESBALNS) less Reserve balance requirements (http://research.stlouisfed.org/fred2/series/RESBALREQ).

Please note though that this historical concept of "excess reserves" no longer has the same meaning following phase two of the simplification of reserves administration. http://www.frbservices.org/centralbank/reservescentral/reserves_administration_resource_center.html

Excess Reserves of Depository Institutions

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

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Suggested Citation
``` Board of Governors of the Federal Reserve System (US), Monetary Base; Total [BOGMBASE], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/BOGMBASE/, May 6, 2015. ```
``` Federal Reserve Bank of St. Louis, Excess Reserves of Depository Institutions [EXCSRESNS], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/EXCSRESNS/, May 6, 2015. ```

Retrieving data.
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