Financial Forecast Center Home Page
Title: Net Free or Borrowed Reserves of Depository Institutions Series ID: NFORBRES Source: Board of Governors of the Federal Reserve System 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 2010-04-01
Last Updated: 2010-05-14 9:16 AM CDT
Notes: The series is calculated by the Federal Reserve Bank of St.Louis.
Prior to 2003-01-01, the data are calculated as excess reserves minus
total borrowings plus extended borrowings. From 2003-01-01 till
2007-11-01, the observations reflect excess reserves minus total
borrowings plus secondary borrowings. From 2007-12-01, the definition
changes to excess reserves minus discount window borrowings plus
secondary borrowings. Please, check the latest definition of the
discount window borrowings at
http://research.stlouisfed.org/fred2/series/DISCBORR.
DATE VALUE
1959-01-01 -0.054
1959-02-01 -0.051
1959-03-01 -0.139
1959-04-01 -0.261
1959-05-01 -0.320
1959-06-01 -0.523
1959-07-01 -0.545
1959-08-01 -0.542
1959-09-01 -0.484
1959-10-01 -0.466
1959-11-01 -0.415
1959-12-01 -0.435
1960-01-01 -0.373
1960-02-01 -0.356
1960-03-01 -0.218
1960-04-01 -0.180
1960-05-01 -0.051
1960-06-01 0.045
1960-07-01 0.122
1960-08-01 0.246
1960-09-01 0.412
1960-10-01 0.495
1960-11-01 0.610
1960-12-01 0.669
1961-01-01 0.706
1961-02-01 0.516
1961-03-01 0.476
1961-04-01 0.559
1961-05-01 0.461
1961-06-01 0.527
1961-07-01 0.562
1961-08-01 0.514
1961-09-01 0.542
1961-10-01 0.461
1961-11-01 0.493
1961-12-01 0.451
1962-01-01 0.536
1962-02-01 0.434
1962-03-01 0.383
1962-04-01 0.420
1962-05-01 0.456
1962-06-01 0.371
1962-07-01 0.442
1962-08-01 0.405
1962-09-01 0.409
1962-10-01 0.414
1962-11-01 0.437
1962-12-01 0.312
1963-01-01 0.359
1963-02-01 0.295
1963-03-01 0.286
1963-04-01 0.327
1963-05-01 0.220
1963-06-01 0.158
1963-07-01 0.156
1963-08-01 0.116
1963-09-01 0.109
1963-10-01 0.077
1963-11-01 0.092
1963-12-01 0.158
1964-01-01 0.166
1964-02-01 0.111
1964-03-01 0.108
1964-04-01 0.141
1964-05-01 0.094
1964-06-01 0.107
1964-07-01 0.113
1964-08-01 0.106
1964-09-01 0.086
1964-10-01 0.077
1964-11-01 0.008
1964-12-01 0.142
1965-01-01 0.115
1965-02-01 0.007
1965-03-01 -0.045
1965-04-01 -0.130
1965-05-01 -0.161
1965-06-01 -0.175
1965-07-01 -0.175
1965-08-01 -0.151
1965-09-01 -0.144
1965-10-01 -0.130
1965-11-01 -0.080
1965-12-01 -0.021
1966-01-01 -0.041
1966-02-01 -0.135
1966-03-01 -0.218
1966-04-01 -0.282
1966-05-01 -0.346
1966-06-01 -0.351
1966-07-01 -0.363
1966-08-01 -0.368
1966-09-01 -0.398
1966-10-01 -0.401
1966-11-01 -0.222
1966-12-01 -0.193
1967-01-01 -0.007
1967-02-01 0.005
1967-03-01 0.214
1967-04-01 0.204
1967-05-01 0.276
1967-06-01 0.246
1967-07-01 0.303
1967-08-01 0.284
1967-09-01 0.253
1967-10-01 0.206
1967-11-01 0.226
1967-12-01 0.147
1968-01-01 0.141
1968-02-01 0.013
1968-03-01 -0.322
1968-04-01 -0.350
1968-05-01 -0.381
1968-06-01 -0.366
1968-07-01 -0.176
1968-08-01 -0.236
1968-09-01 -0.143
1968-10-01 -0.198
1968-11-01 -0.237
1968-12-01 -0.320
1969-01-01 -0.490
1969-02-01 -0.581
1969-03-01 -0.683
1969-04-01 -0.836
1969-05-01 -1.119
1969-06-01 -1.081
1969-07-01 -1.027
1969-08-01 -0.982
1969-09-01 -0.805
1969-10-01 -0.987
1969-11-01 -0.974
1969-12-01 -0.833
1970-01-01 -0.785
1970-02-01 -0.872
1970-03-01 -0.735
1970-04-01 -0.693
1970-05-01 -0.811
1970-06-01 -0.691
1970-07-01 -1.194
1970-08-01 -0.663
1970-09-01 -0.356
1970-10-01 -0.258
1970-11-01 -0.181
1970-12-01 -0.083
1971-01-01 -0.130
1971-02-01 -0.078
1971-03-01 -0.124
1971-04-01 0.015
1971-05-01 -0.065
1971-06-01 -0.291
1971-07-01 -0.639
1971-08-01 -0.613
1971-09-01 -0.306
1971-10-01 -0.194
1971-11-01 -0.147
1971-12-01 0.056
1972-01-01 0.185
1972-02-01 0.119
1972-03-01 0.092
1972-04-01 0.039
1972-05-01 0.028
1972-06-01 0.103
1972-07-01 -0.045
1972-08-01 -0.200
1972-09-01 -0.329
1972-10-01 -0.344
1972-11-01 -0.254
1972-12-01 -0.766
1973-01-01 -0.902
1973-02-01 -1.396
1973-03-01 -1.615
1973-04-01 -1.488
1973-05-01 -1.704
1973-06-01 -1.626
1973-07-01 -1.638
1973-08-01 -1.968
1973-09-01 -1.595
1973-10-01 -1.208
1973-11-01 -1.168
1973-12-01 -0.994
1974-01-01 -0.886
1974-02-01 -1.007
1974-03-01 -1.180
1974-04-01 -1.554
1974-05-01 -1.772
1974-06-01 -1.582
1974-07-01 -1.709
1974-08-01 -1.611
1974-09-01 -1.472
1974-10-01 -1.208
1974-11-01 -0.887
1974-12-01 -0.322
1975-01-01 -0.115
1975-02-01 0.100
1975-03-01 0.131
1975-04-01 0.059
1975-05-01 0.093
1975-06-01 -0.010
1975-07-01 -0.093
1975-08-01 -0.004
1975-09-01 -0.192
1975-10-01 0.028
1975-11-01 0.228
1975-12-01 0.148
1976-01-01 0.173
1976-02-01 0.147
1976-03-01 0.172
1976-04-01 0.111
1976-05-01 0.095
1976-06-01 0.087
1976-07-01 0.101
1976-08-01 0.107
1976-09-01 0.139
1976-10-01 0.125
1976-11-01 0.185
1976-12-01 0.221
1977-01-01 0.198
1977-02-01 0.126
1977-03-01 0.112
1977-04-01 0.119
1977-05-01 0.002
1977-06-01 -0.115
1977-07-01 -0.048
1977-08-01 -0.861
1977-09-01 -0.417
1977-10-01 -1.096
1977-11-01 -0.611
1977-12-01 -0.379
1978-01-01 -0.217
1978-02-01 -0.165
1978-03-01 -0.129
1978-04-01 -0.409
1978-05-01 -0.993
1978-06-01 -0.916
1978-07-01 -1.120
1978-08-01 -0.972
1978-09-01 -0.867
1978-10-01 -1.115
1978-11-01 -0.481
1978-12-01 -0.636
1979-01-01 -0.789
1979-02-01 -0.764
1979-03-01 -0.833
1979-04-01 -0.742
1979-05-01 -1.624
1979-06-01 -1.197
1979-07-01 -0.960
1979-08-01 -0.863
1979-09-01 -1.149
1979-10-01 -1.750
1979-11-01 -1.661
1979-12-01 -1.031
1980-01-01 -0.990
1980-02-01 -1.444
1980-03-01 -2.538
1980-04-01 -1.706
1980-05-01 -0.097
1980-06-01 0.131
1980-07-01 0.142
1980-08-01 -0.115
1980-09-01 -0.964
1980-10-01 -1.104
1980-11-01 -1.539
1980-12-01 -1.173
1981-01-01 -0.951
1981-02-01 -0.932
1981-03-01 -0.705
1981-04-01 -1.161
1981-05-01 -1.960
1981-06-01 -1.692
1981-07-01 -1.336
1981-08-01 -1.048
1981-09-01 -0.741
1981-10-01 -0.465
1981-11-01 -0.154
1981-12-01 -0.169
1982-01-01 -0.902
1982-02-01 -1.253
1982-03-01 -0.886
1982-04-01 -1.050
1982-05-01 -0.582
1982-06-01 -0.793
1982-07-01 -0.327
1982-08-01 -0.109
1982-09-01 -0.430
1982-10-01 0.068
1982-11-01 -0.031
1982-12-01 0.052
1983-01-01 0.176
1983-02-01 0.132
1983-03-01 -0.042
1983-04-01 -0.128
1983-05-01 0.010
1983-06-01 -0.198
1983-07-01 -0.368
1983-08-01 -0.609
1983-09-01 -0.428
1983-10-01 -0.083
1983-11-01 -0.370
1983-12-01 -0.211
1984-01-01 -0.098
1984-02-01 0.344
1984-03-01 -0.257
1984-04-01 -0.717
1984-05-01 -2.382
1984-06-01 -0.668
1984-07-01 -0.286
1984-08-01 -0.294
1984-09-01 -0.134
1984-10-01 -0.342
1984-11-01 -0.082
1984-12-01 0.253
1985-01-01 0.397
1985-02-01 0.364
1985-03-01 0.141
1985-04-01 0.281
1985-05-01 -0.047
1985-06-01 0.382
1985-07-01 0.240
1985-08-01 0.331
1985-09-01 0.064
1985-10-01 0.186
1985-11-01 -0.293
1985-12-01 0.244
1986-01-01 0.809
1986-02-01 0.622
1986-03-01 0.640
1986-04-01 0.513
1986-05-01 0.586
1986-06-01 0.647
1986-07-01 0.510
1986-08-01 0.333
1986-09-01 0.252
1986-10-01 0.373
1986-11-01 0.567
1986-12-01 0.649
1987-01-01 0.715
1987-02-01 0.920
1987-03-01 0.658
1987-04-01 0.134
1987-05-01 0.320
1987-06-01 0.731
1987-07-01 0.381
1987-08-01 0.536
1987-09-01 0.253
1987-10-01 0.595
1987-11-01 0.709
1987-12-01 0.725
1988-01-01 0.542
1988-02-01 0.947
1988-03-01 0.671
1988-04-01 0.516
1988-05-01 0.576
1988-06-01 0.366
1988-07-01 -0.011
1988-08-01 0.382
1988-09-01 0.237
1988-10-01 0.535
1988-11-01 0.635
1988-12-01 0.589
1989-01-01 0.533
1989-02-01 0.717
1989-03-01 0.439
1989-04-01 0.231
1989-05-01 0.519
1989-06-01 0.335
1989-07-01 0.394
1989-08-01 0.258
1989-09-01 0.274
1989-10-01 0.506
1989-11-01 0.620
1989-12-01 0.696
1990-01-01 0.628
1990-02-01 0.087
1990-03-01 0.707
1990-04-01 0.646
1990-05-01 0.494
1990-06-01 0.252
1990-07-01 0.391
1990-08-01 0.076
1990-09-01 0.295
1990-10-01 0.448
1990-11-01 0.723
1990-12-01 1.362
1991-01-01 1.632
1991-02-01 1.586
1991-03-01 0.994
1991-04-01 0.884
1991-05-01 0.820
1991-06-01 0.664
1991-07-01 0.343
1991-08-01 0.621
1991-09-01 0.590
1991-10-01 0.808
1991-11-01 0.786
1991-12-01 0.799
1992-01-01 0.761
1992-02-01 0.970
1992-03-01 0.936
1992-04-01 1.045
1992-05-01 0.849
1992-06-01 0.695
1992-07-01 0.691
1992-08-01 0.689
1992-09-01 0.728
1992-10-01 0.920
1992-11-01 0.939
1992-12-01 1.031
1993-01-01 1.097
1993-02-01 1.048
1993-03-01 1.142
1993-04-01 1.030
1993-05-01 0.878
1993-06-01 0.714
1993-07-01 0.824
1993-08-01 0.600
1993-09-01 0.658
1993-10-01 0.792
1993-11-01 1.031
1993-12-01 0.987
1994-01-01 1.386
1994-02-01 1.079
1994-03-01 0.929
1994-04-01 1.018
1994-05-01 0.669
1994-06-01 0.784
1994-07-01 0.658
1994-08-01 0.541
1994-09-01 0.561
1994-10-01 0.417
1994-11-01 0.747
1994-12-01 0.962
1995-01-01 1.200
1995-02-01 0.911
1995-03-01 0.754
1995-04-01 0.646
1995-05-01 0.723
1995-06-01 0.711
1995-07-01 0.735
1995-08-01 0.724
1995-09-01 0.693
1995-10-01 0.834
1995-11-01 0.742
1995-12-01 1.033
1996-01-01 1.429
1996-02-01 0.826
1996-03-01 1.121
1996-04-01 1.035
1996-05-01 0.784
1996-06-01 0.728
1996-07-01 0.653
1996-08-01 0.627
1996-09-01 0.682
1996-10-01 0.720
1996-11-01 0.841
1996-12-01 1.263
1997-01-01 1.183
1997-02-01 0.993
1997-03-01 1.013
1997-04-01 0.754
1997-05-01 1.040
1997-06-01 0.977
1997-07-01 0.828
1997-08-01 0.662
1997-09-01 0.859
1997-10-01 1.146
1997-11-01 1.515
1997-12-01 1.363
1998-01-01 1.554
1998-02-01 1.477
1998-03-01 1.309
1998-04-01 1.319
1998-05-01 1.137
1998-06-01 1.368
1998-07-01 1.116
1998-08-01 1.261
1998-09-01 1.446
1998-10-01 1.401
1998-11-01 1.528
1998-12-01 1.395
1999-01-01 1.283
1999-02-01 1.078
1999-03-01 1.203
1999-04-01 0.989
1999-05-01 1.094
1999-06-01 1.152
1999-07-01 0.655
1999-08-01 0.817
1999-09-01 0.875
1999-10-01 0.867
1999-11-01 1.092
1999-12-01 0.974
2000-01-01 1.639
2000-02-01 1.005
2000-03-01 1.029
2000-04-01 0.862
2000-05-01 0.608
2000-06-01 0.636
2000-07-01 0.573
2000-08-01 0.475
2000-09-01 0.669
2000-10-01 0.730
2000-11-01 0.920
2000-12-01 1.115
2001-01-01 1.190
2001-02-01 1.294
2001-03-01 1.193
2001-04-01 1.206
2001-05-01 0.806
2001-06-01 1.020
2001-07-01 1.118
2001-08-01 1.020
2001-09-01 15.630
2001-10-01 1.199
2001-11-01 1.355
2001-12-01 1.576
2002-01-01 1.355
2002-02-01 1.343
2002-03-01 1.324
2002-04-01 1.134
2002-05-01 1.147
2002-06-01 1.096
2002-07-01 1.185
2002-08-01 1.274
2002-09-01 1.255
2002-10-01 1.390
2002-11-01 1.365
2002-12-01 1.928
2003-01-01 1.681
2003-02-01 1.940
2003-03-01 1.608
2003-04-01 1.510
2003-05-01 1.563
2003-06-01 1.879
2003-07-01 1.805
2003-08-01 3.450
2003-09-01 1.328
2003-10-01 1.360
2003-11-01 1.415
2003-12-01 1.001
2004-01-01 0.782
2004-02-01 1.150
2004-03-01 1.757
2004-04-01 1.719
2004-05-01 1.572
2004-06-01 1.751
2004-07-01 1.477
2004-08-01 1.331
2004-09-01 1.319
2004-10-01 1.577
2004-11-01 1.602
2004-12-01 1.846
2005-01-01 1.676
2005-02-01 1.447
2005-03-01 1.731
2005-04-01 1.532
2005-05-01 1.386
2005-06-01 1.490
2005-07-01 1.378
2005-08-01 1.260
2005-09-01 1.667
2005-10-01 1.628
2005-11-01 1.654
2005-12-01 1.731
2006-01-01 1.465
2006-02-01 1.498
2006-03-01 1.337
2006-04-01 1.576
2006-05-01 1.622
2006-06-01 1.528
2006-07-01 1.203
2006-08-01 1.150
2006-09-01 1.357
2006-10-01 1.463
2006-11-01 1.528
2006-12-01 1.671
2007-01-01 1.333
2007-02-01 1.423
2007-03-01 1.568
2007-04-01 1.508
2007-05-01 1.352
2007-06-01 1.566
2007-07-01 1.372
2007-08-01 3.870
2007-09-01 0.165
2007-10-01 1.218
2007-11-01 1.327
2007-12-01 -2.033
2008-01-01 0.504
2008-02-01 1.457
2008-03-01 -16.396
2008-04-01 -33.673
2008-05-01 -26.524
2008-06-01 -18.984
2008-07-01 -13.645
2008-08-01 -16.202
2008-09-01 -80.774
2008-10-01 -136.344
2008-11-01 253.240
2008-12-01 552.145
2009-01-01 638.245
2009-02-01 499.784
2009-03-01 589.550
2009-04-01 711.145
2009-05-01 722.603
2009-06-01 629.522
2009-07-01 621.202
2009-08-01 659.467
2009-09-01 750.523
2009-10-01 885.472
2009-11-01 970.068
2009-12-01 988.015
2010-01-01 959.045
2010-02-01 1075.400
2010-03-01 1036.899
2010-04-01 971.549