NOTE: THIS DATA FILE WILL CHANGE! To improve accessibility of data for all users, we will convert this file from a text format to an html table by the end of June 2024. Title: Excess Reserves of Depository Institutions (DISCONTINUED) Series ID: EXCRESNS Source: Board of Governors of the Federal Reserve System (US) Release: H.3 Aggregate Reserves of Depository Institutions and the Monetary Base Seasonal Adjustment: Not Seasonally Adjusted Frequency: Monthly Units: Billions of Dollars Date Range: 1959-01-01 to 2013-05-01 Last Updated: 2013-07-05 3:51 PM CDT Notes: Excess reserves are those deposits held by depository institutions at the Fed not used to satisfy statutory reserve requirements plus that vault cash held by the same institutions not used to satisfy statutory reserve requirements. Excess reserves equals total reserves less required reserves. As stated by the source: The concept of Excess reserves, defined as total reserve balances less reserve balance requirements, no longer aligns with the remuneration structure following phase two of the simplification of reserves administration. https://federalregister.gov/a/2012-8562 Nevertheless, to get at the historical concept of Excess reserves using the new H.3 statistical release, take Total reserve balances maintained (https://fred.stlouisfed.org/series/RESBALNS) less Reserve balance requirements (https://fred.stlouisfed.org/series/RESBALREQ). Alternatively, one can view excess as the amount of balances maintained that satisfy the minimum requirements, which can be calculated by taking Total reserve balances maintained (https://fred.stlouisfed.org/series/RESBALNS) less Bottom of penalty-free band (https://fred.stlouisfed.org/series/RESBRQBPF). DATE VALUE 1959-01-01 0.498 1959-02-01 0.454 1959-03-01 0.460 1959-04-01 0.431 1959-05-01 0.421 1959-06-01 0.407 1959-07-01 0.416 1959-08-01 0.448 1959-09-01 0.443 1959-10-01 0.441 1959-11-01 0.444 1959-12-01 0.506 1960-01-01 0.514 1960-02-01 0.454 1960-03-01 0.423 1960-04-01 0.426 1960-05-01 0.445 1960-06-01 0.479 1960-07-01 0.501 1960-08-01 0.542 1960-09-01 0.627 1960-10-01 0.662 1960-11-01 0.743 1960-12-01 0.743 1961-01-01 0.772 1961-02-01 0.649 1961-03-01 0.546 1961-04-01 0.616 1961-05-01 0.556 1961-06-01 0.590 1961-07-01 0.616 1961-08-01 0.579 1961-09-01 0.580 1961-10-01 0.532 1961-11-01 0.591 1961-12-01 0.584 1962-01-01 0.623 1962-02-01 0.502 1962-03-01 0.472 1962-04-01 0.492 1962-05-01 0.517 1962-06-01 0.473 1962-07-01 0.534 1962-08-01 0.530 1962-09-01 0.490 1962-10-01 0.477 1962-11-01 0.557 1962-12-01 0.572 1963-01-01 0.505 1963-02-01 0.461 1963-03-01 0.434 1963-04-01 0.457 1963-05-01 0.430 1963-06-01 0.417 1963-07-01 0.454 1963-08-01 0.445 1963-09-01 0.428 1963-10-01 0.397 1963-11-01 0.441 1963-12-01 0.490 1964-01-01 0.440 1964-02-01 0.397 1964-03-01 0.386 1964-04-01 0.352 1964-05-01 0.354 1964-06-01 0.375 1964-07-01 0.376 1964-08-01 0.421 1964-09-01 0.431 1964-10-01 0.398 1964-11-01 0.408 1964-12-01 0.406 1965-01-01 0.415 1965-02-01 0.412 1965-03-01 0.366 1965-04-01 0.341 1965-05-01 0.334 1965-06-01 0.362 1965-07-01 0.353 1965-08-01 0.396 1965-09-01 0.410 1965-10-01 0.358 1965-11-01 0.352 1965-12-01 0.423 1966-01-01 0.379 1966-02-01 0.347 1966-03-01 0.342 1966-04-01 0.355 1966-05-01 0.341 1966-06-01 0.356 1966-07-01 0.378 1966-08-01 0.367 1966-09-01 0.371 1966-10-01 0.333 1966-11-01 0.385 1966-12-01 0.339 1967-01-01 0.403 1967-02-01 0.369 1967-03-01 0.414 1967-04-01 0.350 1967-05-01 0.365 1967-06-01 0.352 1967-07-01 0.418 1967-08-01 0.365 1967-09-01 0.342 1967-10-01 0.335 1967-11-01 0.358 1967-12-01 0.375 1968-01-01 0.387 1968-02-01 0.386 1968-03-01 0.337 1968-04-01 0.335 1968-05-01 0.360 1968-06-01 0.328 1968-07-01 0.351 1968-08-01 0.329 1968-09-01 0.361 1968-10-01 0.245 1968-11-01 0.308 1968-12-01 0.426 1969-01-01 0.246 1969-02-01 0.254 1969-03-01 0.219 1969-04-01 0.167 1969-05-01 0.255 1969-06-01 0.304 1969-07-01 0.225 1969-08-01 0.237 1969-09-01 0.274 1969-10-01 0.163 1969-11-01 0.229 1969-12-01 0.286 1970-01-01 0.174 1970-02-01 0.208 1970-03-01 0.163 1970-04-01 0.152 1970-05-01 0.157 1970-06-01 0.190 1970-07-01 0.166 1970-08-01 0.174 1970-09-01 0.244 1970-10-01 0.205 1970-11-01 0.234 1970-12-01 0.249 1971-01-01 0.234 1971-02-01 0.254 1971-03-01 0.195 1971-04-01 0.168 1971-05-01 0.219 1971-06-01 0.201 1971-07-01 0.184 1971-08-01 0.196 1971-09-01 0.189 1971-10-01 0.163 1971-11-01 0.237 1971-12-01 0.182 1972-01-01 0.206 1972-02-01 0.152 1972-03-01 0.190 1972-04-01 0.156 1972-05-01 0.139 1972-06-01 0.203 1972-07-01 0.193 1972-08-01 0.188 1972-09-01 0.212 1972-10-01 0.211 1972-11-01 0.354 1972-12-01 0.284 1973-01-01 0.258 1973-02-01 0.197 1973-03-01 0.209 1973-04-01 0.223 1973-05-01 0.138 1973-06-01 0.217 1973-07-01 0.283 1973-08-01 0.172 1973-09-01 0.231 1973-10-01 0.252 1973-11-01 0.225 1973-12-01 0.304 1974-01-01 0.162 1974-02-01 0.184 1974-03-01 0.134 1974-04-01 0.182 1974-05-01 0.160 1974-06-01 0.198 1974-07-01 0.162 1974-08-01 0.188 1974-09-01 0.181 1974-10-01 0.120 1974-11-01 0.205 1974-12-01 0.258 1975-01-01 0.147 1975-02-01 0.194 1975-03-01 0.200 1975-04-01 0.158 1975-05-01 0.155 1975-06-01 0.201 1975-07-01 0.188 1975-08-01 0.195 1975-09-01 0.191 1975-10-01 0.207 1975-11-01 0.283 1975-12-01 0.266 1976-01-01 0.240 1976-02-01 0.219 1976-03-01 0.223 1976-04-01 0.155 1976-05-01 0.210 1976-06-01 0.214 1976-07-01 0.234 1976-08-01 0.207 1976-09-01 0.201 1976-10-01 0.219 1976-11-01 0.257 1976-12-01 0.274 1977-01-01 0.266 1977-02-01 0.198 1977-03-01 0.215 1977-04-01 0.192 1977-05-01 0.208 1977-06-01 0.147 1977-07-01 0.275 1977-08-01 0.200 1977-09-01 0.209 1977-10-01 0.210 1977-11-01 0.251 1977-12-01 0.190 1978-01-01 0.267 1978-02-01 0.241 1978-03-01 0.199 1978-04-01 0.148 1978-05-01 0.219 1978-06-01 0.178 1978-07-01 0.197 1978-08-01 0.168 1978-09-01 0.193 1978-10-01 0.162 1978-11-01 0.222 1978-12-01 0.232 1979-01-01 0.214 1979-02-01 0.209 1979-03-01 0.158 1979-04-01 0.176 1979-05-01 0.141 1979-06-01 0.221 1979-07-01 0.211 1979-08-01 0.222 1979-09-01 0.191 1979-10-01 0.272 1979-11-01 0.245 1979-12-01 0.442 1980-01-01 0.251 1980-02-01 0.211 1980-03-01 0.186 1980-04-01 0.197 1980-05-01 0.178 1980-06-01 0.203 1980-07-01 0.284 1980-08-01 0.302 1980-09-01 0.256 1980-10-01 0.206 1980-11-01 0.521 1980-12-01 0.514 1981-01-01 0.374 1981-02-01 0.350 1981-03-01 0.280 1981-04-01 0.169 1981-05-01 0.257 1981-06-01 0.338 1981-07-01 0.340 1981-08-01 0.292 1981-09-01 0.414 1981-10-01 0.278 1981-11-01 0.344 1981-12-01 0.319 1982-01-01 0.418 1982-02-01 0.304 1982-03-01 0.361 1982-04-01 0.273 1982-05-01 0.359 1982-06-01 0.308 1982-07-01 0.314 1982-08-01 0.312 1982-09-01 0.384 1982-10-01 0.404 1982-11-01 0.402 1982-12-01 0.500 1983-01-01 0.548 1983-02-01 0.435 1983-03-01 0.433 1983-04-01 0.476 1983-05-01 0.449 1983-06-01 0.480 1983-07-01 0.507 1983-08-01 0.446 1983-09-01 0.498 1983-10-01 0.505 1983-11-01 0.529 1983-12-01 0.561 1984-01-01 0.613 1984-02-01 0.906 1984-03-01 0.668 1984-04-01 0.473 1984-05-01 0.570 1984-06-01 0.760 1984-07-01 0.630 1984-08-01 0.681 1984-09-01 0.650 1984-10-01 0.618 1984-11-01 0.699 1984-12-01 0.835 1985-01-01 0.743 1985-02-01 0.850 1985-03-01 0.675 1985-04-01 0.736 1985-05-01 0.753 1985-06-01 0.923 1985-07-01 0.840 1985-08-01 0.835 1985-09-01 0.698 1985-10-01 0.745 1985-11-01 0.919 1985-12-01 1.064 1986-01-01 1.083 1986-02-01 1.014 1986-03-01 0.883 1986-04-01 0.773 1986-05-01 0.879 1986-06-01 0.920 1986-07-01 0.873 1986-08-01 0.741 1986-09-01 0.690 1986-10-01 0.718 1986-11-01 0.902 1986-12-01 1.174 1987-01-01 1.071 1987-02-01 1.193 1987-03-01 0.921 1987-04-01 0.857 1987-05-01 1.068 1987-06-01 1.234 1987-07-01 0.859 1987-08-01 1.052 1987-09-01 0.785 1987-10-01 1.090 1987-11-01 0.940 1987-12-01 1.020 1988-01-01 1.252 1988-02-01 1.138 1988-03-01 0.945 1988-04-01 0.885 1988-05-01 1.047 1988-06-01 0.896 1988-07-01 0.891 1988-08-01 0.970 1988-09-01 1.017 1988-10-01 1.053 1988-11-01 1.174 1988-12-01 1.062 1989-01-01 1.144 1989-02-01 1.155 1989-03-01 0.919 1989-04-01 0.814 1989-05-01 1.043 1989-06-01 0.909 1989-07-01 0.983 1989-08-01 0.892 1989-09-01 0.945 1989-10-01 1.040 1989-11-01 0.949 1989-12-01 0.942 1990-01-01 1.043 1990-02-01 1.001 1990-03-01 0.882 1990-04-01 0.872 1990-05-01 0.954 1990-06-01 0.788 1990-07-01 0.869 1990-08-01 0.876 1990-09-01 0.914 1990-10-01 0.841 1990-11-01 0.928 1990-12-01 1.665 1991-01-01 2.141 1991-02-01 1.805 1991-03-01 1.182 1991-04-01 1.029 1991-05-01 1.035 1991-06-01 0.996 1991-07-01 0.905 1991-08-01 1.085 1991-09-01 0.934 1991-10-01 1.057 1991-11-01 0.893 1991-12-01 0.990 1992-01-01 0.993 1992-02-01 1.046 1992-03-01 1.026 1992-04-01 1.134 1992-05-01 1.004 1992-06-01 0.924 1992-07-01 0.976 1992-08-01 0.940 1992-09-01 1.015 1992-10-01 1.063 1992-11-01 1.043 1992-12-01 1.155 1993-01-01 1.263 1993-02-01 1.093 1993-03-01 1.233 1993-04-01 1.103 1993-05-01 0.999 1993-06-01 0.896 1993-07-01 1.068 1993-08-01 0.953 1993-09-01 1.087 1993-10-01 1.078 1993-11-01 1.120 1993-12-01 1.070 1994-01-01 1.460 1994-02-01 1.149 1994-03-01 0.984 1994-04-01 1.142 1994-05-01 0.870 1994-06-01 1.117 1994-07-01 1.117 1994-08-01 1.010 1994-09-01 1.049 1994-10-01 0.798 1994-11-01 0.997 1994-12-01 1.171 1995-01-01 1.333 1995-02-01 0.970 1995-03-01 0.824 1995-04-01 0.758 1995-05-01 0.874 1995-06-01 0.984 1995-07-01 1.107 1995-08-01 1.007 1995-09-01 0.972 1995-10-01 1.080 1995-11-01 0.946 1995-12-01 1.291 1996-01-01 1.468 1996-02-01 0.861 1996-03-01 1.142 1996-04-01 1.127 1996-05-01 0.911 1996-06-01 1.115 1996-07-01 1.022 1996-08-01 0.961 1996-09-01 1.051 1996-10-01 1.008 1996-11-01 1.056 1996-12-01 1.419 1997-01-01 1.228 1997-02-01 1.035 1997-03-01 1.169 1997-04-01 1.015 1997-05-01 1.283 1997-06-01 1.344 1997-07-01 1.238 1997-08-01 1.260 1997-09-01 1.297 1997-10-01 1.416 1997-11-01 1.669 1997-12-01 1.687 1998-01-01 1.765 1998-02-01 1.535 1998-03-01 1.351 1998-04-01 1.391 1998-05-01 1.291 1998-06-01 1.619 1998-07-01 1.375 1998-08-01 1.533 1998-09-01 1.698 1998-10-01 1.576 1998-11-01 1.611 1998-12-01 1.513 1999-01-01 1.490 1999-02-01 1.194 1999-03-01 1.269 1999-04-01 1.155 1999-05-01 1.221 1999-06-01 1.298 1999-07-01 0.964 1999-08-01 1.162 1999-09-01 1.214 1999-10-01 1.148 1999-11-01 1.329 1999-12-01 1.295 2000-01-01 2.014 2000-02-01 1.113 2000-03-01 1.208 2000-04-01 1.167 2000-05-01 0.971 2000-06-01 1.115 2000-07-01 1.143 2000-08-01 1.054 2000-09-01 1.146 2000-10-01 1.148 2000-11-01 1.203 2000-12-01 1.326 2001-01-01 1.264 2001-02-01 1.345 2001-03-01 1.251 2001-04-01 1.258 2001-05-01 1.019 2001-06-01 1.249 2001-07-01 1.402 2001-08-01 1.203 2001-09-01 19.015 2001-10-01 1.327 2001-11-01 1.439 2001-12-01 1.643 2002-01-01 1.406 2002-02-01 1.373 2002-03-01 1.403 2002-04-01 1.205 2002-05-01 1.259 2002-06-01 1.238 2002-07-01 1.377 2002-08-01 1.607 2002-09-01 1.484 2002-10-01 1.533 2002-11-01 1.638 2002-12-01 2.008 2003-01-01 1.708 2003-02-01 1.964 2003-03-01 1.629 2003-04-01 1.539 2003-05-01 1.617 2003-06-01 2.040 2003-07-01 1.934 2003-08-01 3.764 2003-09-01 1.508 2003-10-01 1.467 2003-11-01 1.483 2003-12-01 1.047 2004-01-01 0.888 2004-02-01 1.192 2004-03-01 1.807 2004-04-01 1.805 2004-05-01 1.684 2004-06-01 1.931 2004-07-01 1.721 2004-08-01 1.581 2004-09-01 1.654 2004-10-01 1.756 2004-11-01 1.785 2004-12-01 1.908 2005-01-01 1.739 2005-02-01 1.489 2005-03-01 1.781 2005-04-01 1.664 2005-05-01 1.526 2005-06-01 1.739 2005-07-01 1.791 2005-08-01 1.620 2005-09-01 1.995 2005-10-01 1.883 2005-11-01 1.781 2005-12-01 1.900 2006-01-01 1.576 2006-02-01 1.550 2006-03-01 1.507 2006-04-01 1.825 2006-05-01 1.798 2006-06-01 1.782 2006-07-01 1.553 2006-08-01 1.520 2006-09-01 1.760 2006-10-01 1.693 2006-11-01 1.689 2006-12-01 1.863 2007-01-01 1.545 2007-02-01 1.453 2007-03-01 1.618 2007-04-01 1.587 2007-05-01 1.455 2007-06-01 1.753 2007-07-01 1.634 2007-08-01 4.827 2007-09-01 1.733 2007-10-01 1.459 2007-11-01 1.694 2007-12-01 1.785 2008-01-01 1.648 2008-02-01 1.615 2008-03-01 2.645 2008-04-01 1.737 2008-05-01 1.838 2008-06-01 2.225 2008-07-01 1.913 2008-08-01 1.875 2008-09-01 59.482 2008-10-01 267.157 2008-11-01 558.808 2008-12-01 767.318 2009-01-01 796.835 2009-02-01 642.071 2009-03-01 723.103 2009-04-01 822.598 2009-05-01 842.144 2009-06-01 749.401 2009-07-01 732.245 2009-08-01 765.626 2009-09-01 859.887 2009-10-01 994.502 2009-11-01 1077.011 2009-12-01 1075.199 2010-01-01 1045.801 2010-02-01 1161.852 2010-03-01 1120.370 2010-04-01 1050.215 2010-05-01 1044.779 2010-06-01 1034.927 2010-07-01 1021.646 2010-08-01 1019.559 2010-09-01 980.831 2010-10-01 973.591 2010-11-01 971.565 2010-12-01 1006.636 2011-01-01 1036.466 2011-02-01 1190.001 2011-03-01 1362.146 2011-04-01 1451.947 2011-05-01 1512.488 2011-06-01 1588.726 2011-07-01 1618.117 2011-08-01 1583.344 2011-09-01 1550.977 2011-10-01 1545.136 2011-11-01 1497.769 2011-12-01 1502.206 2012-01-01 1519.451 2012-02-01 1560.121 2012-03-01 1509.593 2012-04-01 1486.176 2012-05-01 1457.460 2012-06-01 1457.475 2012-07-01 1483.049 2012-08-01 1477.750 2012-09-01 1409.441 2012-10-01 1418.275 2012-11-01 1435.304 2012-12-01 1458.751 2013-01-01 1519.460 2013-02-01 1616.788 2013-03-01 1698.154 2013-04-01 1768.834 2013-05-01 1863.346