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Excess Reserves Plus Required Clearing Balance Contracts of Depository Institutions (DISCONTINUED) (XRCB)

Observation:

May 2013: 5.2  
Updated: Jun 14, 2013

Units:

Continuously Compounded Rate of Change,
Not Seasonally Adjusted

Frequency:

Monthly
1Y | 5Y | 10Y | Max
  EDIT LINE 1
(a) Excess Reserves Plus Required Clearing Balance Contracts of Depository Institutions (DISCONTINUED), Billions of Dollars, Not Seasonally Adjusted (XRCB)
The series is calculated by the Federal Reserve Bank of St.Louis using data derived from the H.3 and H.4.1. releases.

This series has been discontinued with a phase of the simplification of reserves administration (https://federalregister.gov/a/2012-8562). Contractual clearing balance program was eliminated on July 12, 2012.
Nevertheless, to get at the historical concept of Excess reserves using the new H.3 statistical release, take Total reserve balances maintained less Reserve balance requirements. 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 less Bottom of penalty-free band.

Excess Reserves Plus Required Clearing Balance Contracts of Depository Institutions (DISCONTINUED)

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NOTES

Source: Board of Governors of the Federal Reserve System (US)  

Release: H.3 Aggregate Reserves of Depository Institutions and the Monetary Base  

Notes:

The series is calculated by the Federal Reserve Bank of St.Louis using data derived from the H.3 and H.4.1. releases.

This series has been discontinued with a phase of the simplification of reserves administration (https://federalregister.gov/a/2012-8562). Contractual clearing balance program was eliminated on July 12, 2012.
Nevertheless, to get at the historical concept of Excess reserves using the new H.3 statistical release, take Total reserve balances maintained less Reserve balance requirements. 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 less Bottom of penalty-free band.

Suggested Citation:

Board of Governors of the Federal Reserve System (US), Excess Reserves Plus Required Clearing Balance Contracts of Depository Institutions (DISCONTINUED) [XRCB], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/XRCB, December 2, 2016.

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