Factors Supplying Reserve Balances: Float (WOFSRBFA)  Excel (data)  CSV (data)  Image (graph)  PowerPoint (graph)  PDF (graph)

Observation:

2016-10-26: -326
Updated: Oct 27, 2016

Units:

Millions of Dollars,

Frequency:

Weekly,
Ending Wednesday
1Y | 5Y | 10Y | Max
EDIT SEGMENT 1
(a) Factors Supplying Reserve Balances: Float, Millions of Dollars, Not Seasonally Adjusted (WOFSRBFA)
Reserve balances can be affected by mismatches in check-clearing operations. When a check is received by a Reserve Bank, the depositing institution's account is credited according to a fixed schedule, regardless of when the check is presented to the bank on which it is drawn. When there are delays in the presentment of checks to the paying institution, the receiving institution's account is credited before the account of the paying depository institution is charged, elevating reserve balances. Conversely, if the paying institution's account is debited faster than the schedule for crediting the receiving institution's account, reserve balances are reduced. These increases or decreases in reserve balances that result from mismatches in the timing of check clearing are known as float. Float figures include the net amount of float-related adjustments.

Factors Supplying Reserve Balances: Float

Select a date that will equal 100 for your custom index:
to

Customize data:

Write a custom formula to transform one or more series or combine two or more series.

You can begin by adding a series to combine with your existing series.

Now create a custom formula to combine or transform the series.
Need help? []

Finally, you can change the units of your new series.

Select a date that will equal 100 for your custom index:

FORMAT GRAPH
Log scale:

NOTES

Notes:

Reserve balances can be affected by mismatches in check-clearing operations. When a check is received by a Reserve Bank, the depositing institution's account is credited according to a fixed schedule, regardless of when the check is presented to the bank on which it is drawn. When there are delays in the presentment of checks to the paying institution, the receiving institution's account is credited before the account of the paying depository institution is charged, elevating reserve balances. Conversely, if the paying institution's account is debited faster than the schedule for crediting the receiving institution's account, reserve balances are reduced. These increases or decreases in reserve balances that result from mismatches in the timing of check clearing are known as float. Float figures include the net amount of float-related adjustments.

Suggested Citation:

Board of Governors of the Federal Reserve System (US), Factors Supplying Reserve Balances: Float [WOFSRBFA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/WOFSRBFA, October 28, 2016.

RELATED CONTENT

RELEASE TABLES

Retrieving data.
Updating graph.