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Excess Reserves Plus Required Clearing Balance Contracts of Depository Institutions (DISCONTINUED) (XRCB)

Observation:

May 2013: 1,863.345 (+ more)   Updated: Jun 14, 2013
May 2013:  1,863.345  
Apr 2013:  1,768.834  
Mar 2013:  1,698.154  
Feb 2013:  1,616.788  
Jan 2013:  1,519.460  
View All

Units:

Billions of Dollars,
Not Seasonally Adjusted

Frequency:

Monthly

NOTES

Source: Board of Governors of the Federal Reserve System (US)  

Release: H.3 Aggregate Reserves of Depository Institutions and the Monetary Base  

Units:  Billions of Dollars, Not Seasonally Adjusted

Frequency:  Monthly

Notes:

The series is calculated by the Federal Reserve Bank of St.Louis using data derived from the H.3 and H.4.1. releases.

This series has been discontinued with a phase of the simplification of reserves administration (https://federalregister.gov/a/2012-8562). Contractual clearing balance program was eliminated on July 12, 2012.
Nevertheless, to get at the historical concept of Excess reserves using the new H.3 statistical release, take Total reserve balances maintained less Reserve balance requirements. 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 less Bottom of penalty-free band.

Suggested Citation:

Board of Governors of the Federal Reserve System (US), Excess Reserves Plus Required Clearing Balance Contracts of Depository Institutions (DISCONTINUED) [XRCB], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/XRCB, March 18, 2024.

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