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Excess Reserves of Depository Institutions (DISCONTINUED) (EXCRESNS)

Observations

May 2013: 1,863.346
Updated: Jul 5, 2013 3:51 PM CDT
May 2013:  1,863.346  
Apr 2013:  1,768.834  
Mar 2013:  1,698.154  
Feb 2013:  1,616.788  
Jan 2013:  1,519.460  

Units:

Billions of Dollars,
Not Seasonally Adjusted

Frequency:

Monthly

Fullscreen

Notes

Title Release Dates
Excess Reserves of Depository Institutions 1996-12-12 2013-07-10
Excess Reserves of Depository Institutions (DISCONTINUED) 2013-07-11 2013-07-11
 
Source    
Board of Governors of the Federal Reserve System (US) 1996-12-12 2013-07-11
 
Release    
H.3 Aggregate Reserves of Depository Institutions and the Monetary Base 1996-12-12 2013-07-11
 
Units    
Billions of Dollars 1996-12-12 2013-07-11
 
Frequency    
Monthly 1996-12-12 2013-07-11
 
Seasonal Adjustment    
Not Seasonally Adjusted 1996-12-12 2013-07-11
 
Notes    
Amount of funds held by a depository institution in its account at a Federal Reserve Bank in excess of its required reserve balance and its contractual clearing balance. Excess reserves equals total reserves less required reserves.

1996-12-12 2012-07-11
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.

2012-07-12 2013-07-10
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).

2013-07-11 2013-07-11

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H.3 Reserves of Depository Institutions & Monetary Base Reserves Discontinued Depository Institutions Board of Governors Monthly Nation Public Domain: Citation Requested Not Seasonally Adjusted United States of America