NOTE: THIS DATA FILE WILL CHANGE! To improve accessibility of data for all users, we will convert this file from a text format to an html table by the end of June 2024. Title: Free Reserves Held at Federal Reserve Banks, All Member Banks for United States Series ID: M14189USM144NNBR Source: National Bureau of Economic Research Release: NBER Macrohistory Database (Not a Press Release) Seasonal Adjustment: Not Seasonally Adjusted Frequency: Monthly Units: Millions of Dollars Date Range: 1929-01-01 to 1967-04-01 Last Updated: 2012-08-20 8:37 AM CDT Notes: Data Are For The Difference Between Excess Reserves And Borrowings, Except For 1940-March 1944, When"Discounts And Advances" Are Used Instead Of Borrowings. Data For March 1933 Is Estimated From Wednesday Figures And Call Date Figure, Because No Daily Average Figure Was Available. Data For March 1939-March 1944 Are For Discounts And Advances Deducted From Excess Reserves. Discounts And Advances For Some Nonmember Banks Were Included In These Figures, But They Are Small. Source: Federal Reserve Board, Data For 1929-1939: Banking And Monetary Statistics, 1943, Pp. 396-397. Data For 1940-1967: Federal Reserve Bulletin, Successive Issues. This NBER data series m14189 appears on the NBER website in Chapter 14 at http://www.nber.org/databases/macrohistory/contents/chapter14.html. NBER Indicator: m14189 DATE VALUE 1929-01-01 -791 1929-02-01 -829 1929-03-01 -915 1929-04-01 -954 1929-05-01 -918 1929-06-01 -932 1929-07-01 -1048 1929-08-01 -1004 1929-09-01 -927 1929-10-01 -836 1929-11-01 -885 1929-12-01 -753 1930-01-01 -454 1930-02-01 -325 1930-03-01 -216 1930-04-01 -189 1930-05-01 -200 1930-06-01 -196 1930-07-01 -149 1930-08-01 -162 1930-09-01 -129 1930-10-01 -137 1930-11-01 -168 1930-12-01 -264 1931-01-01 -147 1931-02-01 -159 1931-03-01 -110 1931-04-01 -98 1931-05-01 -96 1931-06-01 -58 1931-07-01 -45 1931-08-01 -121 1931-09-01 -160 1931-10-01 -479 1931-11-01 -627 1931-12-01 -703 1932-01-01 -782 1932-02-01 -792 1932-03-01 -647 1932-04-01 -447 1932-05-01 -207 1932-06-01 -260 1932-07-01 -318 1932-08-01 -180 1932-09-01 -41 1932-10-01 109 1932-11-01 170 1932-12-01 245 1933-01-01 330 1933-02-01 111 1933-03-01 -593 1933-04-01 56 1933-05-01 66 1933-06-01 179 1933-07-01 323 1933-08-01 449 1933-09-01 572 1933-10-01 667 1933-11-01 704 1933-12-01 671 1934-01-01 781 1934-02-01 837 1934-03-01 1334 1934-04-01 1510 1934-05-01 1597 1934-06-01 1663 1934-07-01 1771 1934-08-01 1868 1934-09-01 1736 1934-10-01 1720 1934-11-01 1824 1934-12-01 1738 1935-01-01 2027 1935-02-01 2231 1935-03-01 2059 1935-04-01 2020 1935-05-01 2290 1935-06-01 2431 1935-07-01 2378 1935-08-01 2629 1935-09-01 2618 1935-10-01 2812 1935-11-01 3054 1935-12-01 2977 1936-01-01 3027 1936-02-01 3031 1936-03-01 2647 1936-04-01 2505 1936-05-01 2795 1936-06-01 2587 1936-07-01 2904 1936-08-01 2452 1936-09-01 1845 1936-10-01 2037 1936-11-01 2213 1936-12-01 2039 1937-01-01 2090 1937-02-01 2149 1937-03-01 1365 1937-04-01 1542 1937-05-01 911 1937-06-01 861 1937-07-01 863 1937-08-01 733 1937-09-01 876 1937-10-01 1021 1937-11-01 1085 1937-12-01 1055 1938-01-01 1342 1938-02-01 1396 1938-03-01 1514 1938-04-01 2060 1938-05-01 2517 1938-06-01 2753 1938-07-01 3018 1938-08-01 2948 1938-09-01 2912 1938-10-01 3135 1938-11-01 3269 1938-12-01 3219 1939-01-01 3479 1939-02-01 3368 1939-03-01 3429 1939-04-01 3923 1939-05-01 4208 1939-06-01 4242 1939-07-01 4397 1939-08-01 4602 1939-09-01 5192 1939-10-01 5484 1939-11-01 5252 1939-12-01 5003 1940-01-01 5457 1940-02-01 5619 1940-03-01 5731 1940-04-01 6001 1940-05-01 6285 1940-06-01 6694 1940-07-01 6749 1940-08-01 6404 1940-09-01 6577 1940-10-01 6859 1940-11-01 6826 1940-12-01 6642 1941-01-01 6829 1941-02-01 6420 1941-03-01 6302 1941-04-01 5881 1941-05-01 5829 1941-06-01 5349 1941-07-01 5190 1941-08-01 5009 1941-09-01 5104 1941-10-01 4993 1941-11-01 3605 1941-12-01 3385 1942-01-01 3442 1942-02-01 3305 1942-03-01 3141 1942-04-01 2944 1942-05-01 2660 1942-06-01 2699 1942-07-01 2233 1942-08-01 2243 1942-09-01 2289 1942-10-01 2322 1942-11-01 2353 1942-12-01 2367 1943-01-01 2124 1943-02-01 1701 1943-03-01 1874 1943-04-01 1935 1943-05-01 1712 1943-06-01 1447 1943-07-01 1314 1943-08-01 1109 1943-09-01 1376 1943-10-01 1249 1943-11-01 1038 1943-12-01 958 1944-01-01 1072 1944-02-01 1115 1944-03-01 915 1944-04-01 812 1944-05-01 708 1944-06-01 927 1944-07-01 1198 1944-08-01 936 1944-09-01 875 1944-10-01 768 1944-11-01 587 1944-12-01 1019 1945-01-01 996 1945-02-01 720 1945-03-01 766 1945-04-01 571 1945-05-01 373 1945-06-01 749 1945-07-01 1056 1945-08-01 701 1945-09-01 675 1945-10-01 699 1945-11-01 575 1945-12-01 1157 1946-01-01 1126 1946-02-01 807 1946-03-01 505 1946-04-01 631 1946-05-01 806 1946-06-01 816 1946-07-01 807 1946-08-01 765 1946-09-01 736 1946-10-01 756 1946-11-01 643 1946-12-01 743 1947-01-01 744 1947-02-01 602 1947-03-01 698 1947-04-01 707 1947-05-01 677 1947-06-01 650 1947-07-01 689 1947-08-01 673 1947-09-01 798 1947-10-01 783 1947-11-01 576 1947-12-01 763 1948-01-01 938 1948-02-01 560 1948-03-01 552 1948-04-01 700 1948-05-01 599 1948-06-01 752 1948-07-01 722 1948-08-01 750 1948-09-01 756 1948-10-01 706 1948-11-01 655 1948-12-01 663 1949-01-01 669 1949-02-01 600 1949-03-01 546 1949-04-01 608 1949-05-01 601 1949-06-01 658 1949-07-01 910 1949-08-01 861 1949-09-01 847 1949-10-01 816 1949-11-01 677 1949-12-01 685 1950-01-01 900 1950-02-01 614 1950-03-01 655 1950-04-01 593 1950-05-01 624 1950-06-01 700 1950-07-01 623 1950-08-01 488 1950-09-01 669 1950-10-01 775 1950-11-01 586 1950-12-01 885 1951-01-01 613 1951-02-01 298 1951-03-01 471 1951-04-01 672 1951-05-01 152 1951-06-01 664 1951-07-01 562 1951-08-01 412 1951-09-01 383 1951-10-01 821 1951-11-01 389 1951-12-01 169 1952-01-01 723 1952-02-01 330 1952-03-01 578 1952-04-01 283 1952-05-01 65 1952-06-01 130 1952-07-01 -468 1952-08-01 -383 1952-09-01 95 1952-10-01 -400 1952-11-01 -875 1952-12-01 -870 1953-01-01 -640 1953-02-01 -672 1953-03-01 -614 1953-04-01 -631 1953-05-01 -353 1953-06-01 365 1953-07-01 366 1953-08-01 -7 1953-09-01 250 1953-10-01 390 1953-11-01 198 1953-12-01 259 1954-01-01 836 1954-02-01 339 1954-03-01 503 1954-04-01 626 1954-05-01 561 1954-06-01 711 1954-07-01 770 1954-08-01 725 1954-09-01 708 1954-10-01 638 1954-11-01 650 1954-12-01 457 1955-01-01 369 1955-02-01 270 1955-03-01 122 1955-04-01 95 1955-05-01 212 1955-06-01 168 1955-07-01 92 1955-08-01 -189 1955-09-01 -286 1955-10-01 -359 1955-11-01 -492 1955-12-01 -245 1956-01-01 -255 1956-02-01 -267 1956-03-01 -409 1956-04-01 -533 1956-05-01 -504 1956-06-01 -195 1956-07-01 -139 1956-08-01 -339 1956-09-01 -214 1956-10-01 -195 1956-11-01 -154 1956-12-01 -36 1957-01-01 116 1957-02-01 -126 1957-03-01 -316 1957-04-01 -504 1957-05-01 -444 1957-06-01 -508 1957-07-01 -383 1957-08-01 -471 1957-09-01 -466 1957-10-01 -344 1957-11-01 -293 1957-12-01 -133 1958-01-01 122 1958-02-01 324 1958-03-01 495 1958-04-01 492 1958-05-01 547 1958-06-01 484 1958-07-01 547 1958-08-01 382 1958-09-01 95 1958-10-01 96 1958-11-01 20 1958-12-01 -41 1959-01-01 -60 1959-02-01 -48 1959-03-01 -140 1959-04-01 -259 1959-05-01 -319 1959-06-01 -513 1959-07-01 -557 1959-08-01 -535 1959-09-01 -493 1959-10-01 -459 1959-11-01 -433 1959-12-01 -424 1960-01-01 -361 1960-02-01 -361 1960-03-01 -219 1960-04-01 -194 1960-05-01 -33 1960-06-01 41 1960-07-01 120 1960-08-01 247 1960-09-01 414 1960-10-01 489 1960-11-01 614 1960-12-01 669 1961-01-01 696 1961-02-01 517 1961-03-01 486 1961-04-01 551 1961-05-01 453 1961-06-01 549 1961-07-01 530 1961-08-01 537 1961-09-01 547 1961-10-01 442 1961-11-01 517 1961-12-01 419 1962-01-01 555 1962-02-01 434 1962-03-01 382 1962-04-01 441 1962-05-01 440 1962-06-01 391 1962-07-01 440 1962-08-01 439 1962-09-01 375 1962-10-01 419 1962-11-01 473 1962-12-01 268 1963-01-01 375 1963-02-01 301 1963-03-01 269 1963-04-01 313 1963-05-01 247 1963-06-01 138 1963-07-01 161 1963-08-01 133 1963-09-01 91 1963-10-01 94 1963-11-01 33 1963-12-01 209 1964-01-01 175 1964-02-01 89 1964-03-01 99 1964-04-01 167 1964-05-01 82 1964-06-01 120 1964-07-01 135 1964-08-01 83 1964-09-01 89 1964-10-01 106 1964-11-01 -34 1964-12-01 168 1965-01-01 106 1965-02-01 36 1965-03-01 -75 1965-04-01 -105 1965-05-01 -180 1965-06-01 -182 1965-07-01 -174 1965-08-01 -134 1965-09-01 -144 1965-10-01 -146 1965-11-01 -83 1965-12-01 -2 1966-01-01 -44 1966-02-01 -107 1966-03-01 -246 1966-04-01 -268 1966-05-01 -352 1966-06-01 -352 1966-07-01 -362 1966-08-01 -390 1966-09-01 -368 1966-10-01 -431 1966-11-01 -222 1966-12-01 -165 1967-01-01 -16 1967-02-01 -4 1967-03-01 238 1967-04-01 206