Home > Releases > H.3 Aggregate Reserves of Depository Institutions and the Monetary Base > Reserve Balances Required; Bottom of Penalty-Free Band (DISCONTINUED)
Observation:
2020-09-09: 0 (+ more) Updated: Sep 10, 2020 3:46 PM CDT2020-09-09: | 0 | |
2020-09-02: | 0 | |
2020-08-26: | 0 | |
2020-08-19: | 0 | |
2020-08-12: | 0 |
Units:
Millions of Dollars,Frequency:
Weekly,Data in this graph are copyrighted. Please review the copyright information in the series notes before sharing.
Title | Release Dates | |
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Reserve Balances Required; Bottom of Penalty-Free Band | 2013-07-11 | 2020-09-09 |
Reserve Balances Required; Bottom of Penalty-Free Band (DISCONTINUED) | 2020-09-10 | 2020-09-10 |
Source | ||
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Board of Governors of the Federal Reserve System (US) | 2013-07-11 | 2020-09-10 |
Release | ||
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H.3 Aggregate Reserves of Depository Institutions and the Monetary Base | 2013-07-11 | 2020-09-10 |
Units | ||
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Millions of Dollars | 2013-07-11 | 2020-09-10 |
Frequency | ||
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Weekly, Ending Wednesday | 2013-07-11 | 2020-09-10 |
Seasonal Adjustment | ||
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Not Seasonally Adjusted | 2013-07-11 | 2020-09-10 |
Notes | ||
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A penalty-free band is a range on both sides of the reserve balance requirement within which an institution needs to maintain its average balance over the maintenance period in order to satisfy its reserve balance requirement. The penalty-free band replaces carryover and routine penalty waivers effective with the Regulation D changes on June 27, 2013. This series equals the sum of each institution's bottom of the penalty-free band. For each institution, the bottom of the penalty-free band is equal to the institution's reserve balance requirement less an amount that is the greater of 10 percent of the institution's reserve balance requirement or $50,000. Effective February 2, 1984, reserve computation and maintenance periods have been changed from weekly to bi-weekly. Series with data prior to February 2, 1984 have different values reported from one week to the next. After February 2, 1984, the value repeats for 2 consecutive weeks. |
2013-07-11 | 2020-09-09 |
The Board of Governors discontinued the H.3 statistical release on September 17, 2020. For more information, please see the announcement (https://www.federalreserve.gov/feeds/h3.html) posted on August 20, 2020. A penalty-free band is a range on both sides of the reserve balance requirement within which an institution needs to maintain its average balance over the maintenance period in order to satisfy its reserve balance requirement. The penalty-free band replaces carryover and routine penalty waivers effective with the Regulation D changes on June 27, 2013. This series equals the sum of each institution's bottom of the penalty-free band. For each institution, the bottom of the penalty-free band is equal to the institution's reserve balance requirement less an amount that is the greater of 10 percent of the institution's reserve balance requirement or $50,000. Effective February 2, 1984, reserve computation and maintenance periods have been changed from weekly to bi-weekly. Series with data prior to February 2, 1984 have different values reported from one week to the next. After February 2, 1984, the value repeats for 2 consecutive weeks. |
2020-09-10 | 2020-09-10 |