Bank Reserves: Difference between revisions

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== What are Bank Reserves? ==
== What are Bank Reserves? ==
Reserve balances with Federal Reserve Banks are the difference between "total factors supplying reserve funds" and "total factors, other than reserve balances, absorbing reserve funds." This item includes balances at the Federal Reserve of all depository institutions that are used to satisfy reserve requirements and balances held in excess of balance requirements. It excludes reserves held in the form of cash in bank vaults, and excludes service-related deposits.


== Developments ==
== Developments ==
[[File:Screenshot 2023-09-18 133916.png|center|thumb|862x862px|https://fred.stlouisfed.org/series/WRBWFRBL]]


=== 2022 ===
=== Annual Change  ===
 
{| class="wikitable"
=== First Half 2023 ===
! rowspan="2" |Date
 
End of Period<ref>https://fred.stlouisfed.org/series/WRBWFRBL</ref>
=== Second Half 2023 ===
! colspan="5" |Reserve Balances with Federal Reserve Banks
 
|-
==== Headwinds ====
!Millions of U.S. Dollars NSA
!M/M %
!Y/Y %
!M/M Millions of U.S. Dollars NSA
!Y/Y Millions of U.S. Dollars NSA
|-
|2023-08-01
|3,196,542
|0.94
|2.59
|29,775
|80,696
|-
|2023-07-01
|3,166,767
| -0.29
| -3.32
| -9,262
| -108,842
|-
|2023-06-01
|3,176,029
| -0.92
|1.84
| -29,497
|57,418
|-
|2023-05-01
|3,205,526
|2.34
| -3.30
|73,427
| -109,492
|-
|2023-04-01
|3,132,099
| -7.93
| -5.87
| -269,701
| -195,449
|-
|2023-03-01
|3,401,800
|14.02
| -9.85
|418,247
| -371,666
|-
|2023-02-01
|2,983,553
| -0.57
| -20.35
| -16,988
| -762,423
|-
|2023-01-01
|3,000,541
|0.70
| -21.56
|20,803
| -824,535
|-
|2022-12-01
|2,979,738
| -2.38
| -26.24
| -72,495
| -1,060,122
|-
|2022-11-01
|3,052,233
| -1.80
| -26.85
| -55,913
| -1,120,574
|-
|2022-10-01
|3,108,146
|4.19
| -24.62
|124,940
| -1,015,008
|-
|2022-09-01
|2,983,206
| -4.26
| -27.15
| -132,640
| -1,111,603
|-
|2022-08-01
|3,115,846
| -4.88
| -25.87
| -159,763
| -1,087,629
|-
|2022-07-01
|3,275,609
|5.03
| -18.13
|156,998
| -725,452
|-
|2022-06-01
|3,118,611
| -5.92
| -11.19
| -196,407
| -393,019
|-
|2022-05-01
|3,315,018
| -0.38
| -13.93
| -12,530
| -536,605
|-
|2022-04-01
|3,327,548
| -11.82
| -14.44
| -445,918
| -561,470
|-
|2022-03-01
|3,773,466
|0.73
|2.74
|27,490
|100,764
|-
|2022-02-01
|3,745,976
| -2.07
|10.69
| -79,100
|361,793
|-
|2022-01-01
|3,825,076
| -5.32
|18.47
| -214,784
|596,325
|-
|2021-12-01
|4,039,860
| -3.19
|28.54
| -132,947
|896,890
|-
|2021-11-01
|4,172,807
|1.20
|32.73
|49,653
|1,028,944
|-
|2021-10-01
|4,123,154
|0.69
|39.90
|28,345
|1,175,898
|-
|2021-09-01
|4,094,809
| -2.59
|49.27
| -108,666
|1,351,564
|-
|2021-08-01
|4,203,475
|5.06
|46.19
|202,414
|1,328,076
|-
|2021-07-01
|4,001,061
|13.94
|48.99
|489,431
|1,315,685
|-
|2021-06-01
|3,511,630
| -8.83
|19.54
| -339,993
|573,973
|-
|2021-05-01
|3,851,623
| -0.96
|16.09
| -37,395
|533,935
|-
|2021-04-01
|3,889,018
|5.89
|22.93
|216,316
|725,506
|-
|2021-03-01
|3,672,702
|8.53
|56.44
|288,519
|1,324,955
|-
|2021-02-01
|3,384,183
|4.81
|101.43
|155,432
|1,704,113
|-
|2021-01-01
|3,228,751
|2.73
|100.27
|85,781
|1,616,528
|}


== What can the FED do if reserves get very low? ==
== What can the FED do if reserves get very low? ==