The Board of Governors discontinued the H.3 statistical release on September 17, 2020. For more information, please see the announcement (https://www.federalreserve.gov/feeds/h3.html) posted on August 20, 2020. Series is calculated using data from the H.3 release as Total reserve balances maintained (RESBALNSW) (https://fred.stlouisfed.org/series/RESBALNSW) less Reserve balance requirements (RESBALREQW) (https://fred.stlouisfed.org/series/RESBALREQW). Effective February 2, 1984, reserve computation and maintenance periods have been changed from weekly to bi-weekly. Series with data prior to February 2, 1984 have different values reported from one week to the next. After February 2, 1984, the value repeats for 2 consecutive weeks. Please note though that this historical concept of "excess reserves" no longer has the same meaning following phase two of the simplification of reserves administration. https://federalregister.gov/a/2012-8562

The Board of Governors discontinued the H.3 statistical release on September 17, 2020. For more information, please see the announcement (https://www.federalreserve.gov/feeds/h3.html) posted on August 20, 2020.

Notes regarding this series can be found in International Financial Statistics Yearbooks produced by the International Monetary Fund (IMF). We have requested these publications from the IMF. Notes on this series will populate once they become available. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.

Starting July 29, 2021, the interest rate on excess reserves (IOER (https://fred.stlouisfed.org/series/IOER)) and the interest rate on required reserves (IORR (https://fred.stlouisfed.org/series/IORR)) were replaced with a single rate, the interest rate on reserve balances (IORB (https://fred.stlouisfed.org/series/IORB)). See the source's announcement (https://www.federalreserve.gov/newsevents/pressreleases/bcreg20210602a.htm) for more details. The interest rate on required reserves (IORR rate) is determined by the Board of Governors and is intended to eliminate effectively the implicit tax that reserve requirements used to impose on depository institutions. See Policy Tools (https://www.federalreserve.gov/monetarypolicy/reqresbalances.htm) for more information.

The Board of Governors discontinued the H.3 statistical release on September 17, 2020. For more information, please see the announcement (https://www.federalreserve.gov/feeds/h3.html) posted on August 20, 2020. Reserve balance requirements series is the portion of the reserve requirements not satisfied by vault cash. The series is calculated as Required reserves (REQRESNSW) (https://fred.stlouisfed.org/series/REQRESNSW) less Vault cash used to satisfy required reserves (VAULTW) (https://fred.stlouisfed.org/series/VAULTW). Effective February 2, 1984, reserve computation and maintenance periods have been changed from weekly to bi-weekly. Series with data prior to February 2, 1984 have different values reported from one week to the next. After February 2, 1984, the value repeats for 2 consecutive weeks.

Current General Activity reports the change in general business activity compared to the previous month for reporting manufacturing firms. The General Business Activity is the broadest measure of the Manufacturing Business Outlook Survey. The diffusion index is calculated by taking the percent reporting increases and subtracting the percentage reporting decreases. For more information about this release from the Federal Reserve Bank of Philadelphia, visit: http://www.philadelphiafed.org/research-and-data/regional-economy/business-outlook-survey/ .

Data For 1915-1920 Represent End Of Month Totals. Data Beginning In 1934 Were Computed By NBER By Subtracting"Other Cash" From Total Cash Reserves. Beginning In June 1944,"Other Cash" Is Listed Separately By The Source And No Longer Needs To Be Subtracted From Total Reserves. Source: Federal Reserve Board, Data For 1914-1933 And 1935-1937: Annual Report, 1926, Pp. 43-45 And Successive Reports. Data For 1934 And 1938-1949: Federal Reserve Bulletins. This NBER data series m14062 appears on the NBER website in Chapter 14 at http://www.nber.org/databases/macrohistory/contents/chapter14.html. NBER Indicator: m14062

Future Capital Expenditures forecasts the change in capital expenditures over the next six months for reporting manufacturing firms. The diffusion index is calculated by taking the percent reporting increases and subtracting the percentage reporting decreases. For more information about this release from the Federal Reserve Bank of Philadelphia, visit: http://www.philadelphiafed.org/research-and-data/regional-economy/business-outlook-survey/ .

Notes regarding this series can be found in International Financial Statistics Yearbooks produced by the International Monetary Fund (IMF). We have requested these publications from the IMF. Notes on this series will populate once they become available. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.

Notes regarding this series can be found in International Financial Statistics Yearbooks produced by the International Monetary Fund (IMF). We have requested these publications from the IMF. Notes on this series will populate once they become available. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.

Data For May 1887-August 1892 Were Computed By NBER; Thereafter Data Are Taken Directly From The Source. Beginning In April 1902, The Table Heading Changed From "Reserve Held -- Ratio Of Reserve" To "Cash On Hand, Due From Reserve Agents, And In The Redemption Fund -- Percent". Data Remain Comparable Throughout. Monthly Coverage Varies From Year To Year. Except For 1887, Which Only Has Data For Four Months, All Years From 1888-1914 Have Scattered Five Month Coverage. Six Months Are Presented For 1915. The First And Fifth Call Dates Through The First Call Date Of 1892 Were Computed As Follows: For Deposits -- The Amount Of Reserve Required, 25% Of Net Deposits Were Summed For New York City, Chicago, And St. Louis And Then Multiplied By Four (See Table On P. 191 Of The 1888 Report); For Reserves Held -- Reserves Held, Other Reserve Cities (1888, P. 190) Were Deducted From Reserves Held, All Reserve Cities (1888, P. 195). For The Three Middle Dates Through July 1892, Reserves Held For New York City, Chicago, And St. Louis Were Summed; Net Deposits For The Three Cities Were Summed; And The Ratio Was Computed (1888, P. 180). Source: Annual Report Of The Comptroller Of The Currency, 1888 And Following Years. This NBER data series m14060 appears on the NBER website in Chapter 14 at http://www.nber.org/databases/macrohistory/contents/chapter14.html. NBER Indicator: m14060

Observations for the current and future years are projections. The IMF provides these series as part of their Regional Economic Outlook (REO) reports. These reports discuss recent economic developments and prospects for countries in various regions. They also address economic policy developments that have affected economic performance in their regions and provide country-specific data and analysis. For more information, please see the Regional Economic Outlook (https://www.imf.org/en/publications/reo) publications. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available here (http://www.imf.org/external/terms.htm).

Notes regarding this series can be found in International Financial Statistics Yearbooks produced by the International Monetary Fund (IMF). We have requested these publications from the IMF. Notes on this series will populate once they become available. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.

Notes regarding this series can be found in International Financial Statistics Yearbooks produced by the International Monetary Fund (IMF). We have requested these publications from the IMF. Notes on this series will populate once they become available. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.

Notes regarding this series can be found in International Financial Statistics Yearbooks produced by the International Monetary Fund (IMF). We have requested these publications from the IMF. Notes on this series will populate once they become available. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.

Notes regarding this series can be found in International Financial Statistics Yearbooks produced by the International Monetary Fund (IMF). We have requested these publications from the IMF. Notes on this series will populate once they become available. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.

Data Are Computed By NBER By Taking Simple Averages Of Rates For Commercial, Agricultural, And Livestock Paper, And Weighting Them By The Number Of Days Each Rate Was In Force. Data Are For All Classes And Maturities Of Discount Bills. Source: Federal Reserve Board, Data For 1914-1922: "Discount Rates Of Federal Reserve Banks, 1914-1921", 1922. Data For 1922-1969: Annual Reports For 1931-1942; Federal Reserve Bulletin, Successive Issues. This NBER data series m13009 appears on the NBER website in Chapter 13 at http://www.nber.org/databases/macrohistory/contents/chapter13.html. NBER Indicator: m13009

This series is calculated by the authors starting on March 20, 1968. It last appears in the original press release on March 13th, 1968. Data before Wednesday, April 27, 1921 represent weekly values as of Friday. Authors: Cecilia Bao, Justin Chen, Nicholas Fries, Andrew Gibson, Emma Paine, and Kurt Schuler Studies in Applied Economics no. 115, Johns Hopkins University Institute for Applied Economics, Global Health, and the Study of Business Enterprise, July 2018; co-published with the Center for Financial Stability

Observations for the current and future years are projections. The IMF provides these series as part of their Regional Economic Outlook (REO) reports. These reports discuss recent economic developments and prospects for countries in various regions. They also address economic policy developments that have affected economic performance in their regions and provide country-specific data and analysis. For more information, please see the Regional Economic Outlook (https://www.imf.org/en/publications/reo) publications. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available here (http://www.imf.org/external/terms.htm).

Future New Orders forecasts the change in new orders over the next six months for reporting manufacturing firms. The diffusion index is calculated by taking the percent reporting increases and subtracting the percentage reporting decreases. For more information about this release from the Federal Reserve Bank of Philadelphia, visit: http://www.philadelphiafed.org/research-and-data/regional-economy/business-outlook-survey/ .

Observations for the current and future years are projections. The IMF provides these series as part of their Regional Economic Outlook (REO) reports. These reports discuss recent economic developments and prospects for countries in various regions. They also address economic policy developments that have affected economic performance in their regions and provide country-specific data and analysis. For more information, please see the Regional Economic Outlook (https://www.imf.org/en/publications/reo) publications. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available here (http://www.imf.org/external/terms.htm).

Current Delivery Time reports the change in delivery time compared to the previous month for reporting manufacturing firms. The diffusion index is calculated by taking the percent reporting increases and subtracting the percentage reporting decreases. For more information about this release from the Federal Reserve Bank of Philadelphia, visit: http://www.philadelphiafed.org/research-and-data/regional-economy/business-outlook-survey/ .

Notes regarding this series can be found in International Financial Statistics Yearbooks produced by the International Monetary Fund (IMF). We have requested these publications from the IMF. Notes on this series will populate once they become available. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.

Notes regarding this series can be found in International Financial Statistics Yearbooks produced by the International Monetary Fund (IMF). We have requested these publications from the IMF. Notes on this series will populate once they become available. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.

Current Employment reports the change in employment compared to the previous month for reporting manufacturing firms. The diffusion index is calculated by taking the percent reporting increases and subtracting the percentage reporting decreases. For more information about this release from the Federal Reserve Bank of Philadelphia, visit: http://www.philadelphiafed.org/research-and-data/regional-economy/business-outlook-survey/ .

Current New Orders reports the change in new orders compared to the previous month for reporting service firms. The diffusion index is calculated by taking the percent reporting increases and subtracting the percentage reporting decreases. For more information about this release from the Federal Reserve Bank of Philadelphia, visit here. (https://www.philadelphiafed.org/research-and-data/regional-economy/nonmanufacturing-business-outlook-survey/)

Current Prices Paid reports the change in Prices Paid compared to the previous month for reporting manufacturing firms. The diffusion index is calculated by taking the percent reporting increases and subtracting the percentage reporting decreases. For more information about this release from the Federal Reserve Bank of Philadelphia, visit: http://www.philadelphiafed.org/research-and-data/regional-economy/business-outlook-survey/ .

This series is calculated by the authors starting on June 13, 1945. It last appears on the original press release on June 6, 1945. Data before Wednesday, April 27, 1921 represent weekly values as of Friday. Authors: Cecilia Bao, Justin Chen, Nicholas Fries, Andrew Gibson, Emma Paine, and Kurt Schuler Studies in Applied Economics no. 115, Johns Hopkins University Institute for Applied Economics, Global Health, and the Study of Business Enterprise, July 2018; co-published with the Center for Financial Stability

This series has been discontinued. As of July 11, 2013 data in the new H.3 statistical release are no longer adjusted for regulatory changes in reserve requirements and are no longer seasonally adjusted. The Federal Reserve Bank of St. Louis publishes adjusted monetary base at https://fred.stlouisfed.org/series/AMBSL.

Notes regarding this series can be found in International Financial Statistics Yearbooks produced by the International Monetary Fund (IMF). We have requested these publications from the IMF. Notes on this series will populate once they become available. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.

Notes regarding this series can be found in International Financial Statistics Yearbooks produced by the International Monetary Fund (IMF). We have requested these publications from the IMF. Notes on this series will populate once they become available. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.

Notes regarding this series can be found in International Financial Statistics Yearbooks produced by the International Monetary Fund (IMF). We have requested these publications from the IMF. Notes on this series will populate once they become available. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.

Beginning of Period Seasonal credit is available to help relatively small depository institutions meet regular seasonal needs for funds that arise from a clear pattern of intrayearly movements in their deposits and loans and that cannot be met through special industry lenders. The discount rate on seasonal credit takes into account rates charged by market sources of funds and ordinarily is re-established on the first business day of each two-week reserve maintenance period.

Notes regarding this series can be found in International Financial Statistics Yearbooks produced by the International Monetary Fund (IMF). We have requested these publications from the IMF. Notes on this series will populate once they become available. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.

Data before Wednesday, April 27, 1921 represent weekly values as of Friday. Authors: Cecilia Bao, Justin Chen, Nicholas Fries, Andrew Gibson, Emma Paine, and Kurt Schuler Studies in Applied Economics no. 115, Johns Hopkins University Institute for Applied Economics, Global Health, and the Study of Business Enterprise, July 2018; co-published with the Center for Financial Stability

Notes regarding this series can be found in International Financial Statistics Yearbooks produced by the International Monetary Fund (IMF). We have requested these publications from the IMF. Notes on this series will populate once they become available. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.

Notes regarding this series can be found in International Financial Statistics Yearbooks produced by the International Monetary Fund (IMF). We have requested these publications from the IMF. Notes on this series will populate once they become available. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.

The Board of Governors discontinued the H.3 statistical release on September 17, 2020. For more information, please see the announcement (https://www.federalreserve.gov/feeds/h3.html) posted on August 20, 2020. Vault cash eligible to satisfy reserve requirements that's held by institutions not exempt from reserve requirements. All vault cash held during the lagged computation period by "bound" institutions (that is, those whose required reserves exceed their vault cash) plus the amount of vault cash applied during the maintenance period by "nonbound" institutions (that is, those whose vault cash exceeds their required reserves) to satisfy current reserve requirements.

Notes regarding this series can be found in International Financial Statistics Yearbooks produced by the International Monetary Fund (IMF). We have requested these publications from the IMF. Notes on this series will populate once they become available. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.

This series was discontinued on July 14, 2003. For information on the construction of this series, please refer to http://research.stlouisfed.org/aggreg/newbase.html. For information on the reconstructed series (ADJRES), available starting on July 14, 2003, please refer to https://files.stlouisfed.org/research/publications/review/03/09/Anderson.pdf.

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.

Notes regarding this series can be found in International Financial Statistics Yearbooks produced by the International Monetary Fund (IMF). We have requested these publications from the IMF. Notes on this series will populate once they become available. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.

Notes regarding this series can be found in International Financial Statistics Yearbooks produced by the International Monetary Fund (IMF). We have requested these publications from the IMF. Notes on this series will populate once they become available. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.

Ratios Through 1920 Were Computed From Monthly Averages Of Weekly Data For Reserves And Note And Deposit Liabilities. Deposit Liabilities For 1915-June 1917 Were Computed From Items Listed In Weekly Condition Statements. January And February 1921 Reserves Are For $3,300,000, The Average Daily Amount Of Gold Held Abroad By The Federal Reserve Banks. Data For 1921-1948 Are Monthly Averages Of Daily Figures. Source: Federal Reserve Board, Data For 1914-February 1921: Computed By NBER. Data For March 1921-1935: Federal Reserve Bulletins. Data For 1936-1941: Banking And Monetary Statistics. Data For 1942-1948: Unpublished Frb Data. This NBER data series m14072 appears on the NBER website in Chapter 14 at http://www.nber.org/databases/macrohistory/contents/chapter14.html. NBER Indicator: m14072

Observations for the current and future years are projections. The IMF provides these series as part of their Regional Economic Outlook (REO) reports. These reports discuss recent economic developments and prospects for countries in various regions. They also address economic policy developments that have affected economic performance in their regions and provide country-specific data and analysis. For more information, please see the Regional Economic Outlook (https://www.imf.org/en/publications/reo) publications. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available here (http://www.imf.org/external/terms.htm).

Observations for the current and future years are projections. The IMF provides these series as part of their Regional Economic Outlook (REO) reports. These reports discuss recent economic developments and prospects for countries in various regions. They also address economic policy developments that have affected economic performance in their regions and provide country-specific data and analysis. For more information, please see the Regional Economic Outlook (https://www.imf.org/en/publications/reo) publications. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available here (http://www.imf.org/external/terms.htm).

Notes regarding this series can be found in International Financial Statistics Yearbooks produced by the International Monetary Fund (IMF). We have requested these publications from the IMF. Notes on this series will populate once they become available. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.

Copyright, 2016, Reserve Bank of Australia. (+) is purchases of USD, (-) is sales of USD. Unpublished data. "How-to-use" the Australian data, from the Reserve Bank of Australia. The two series are: (1) The RBA's spot and forward transactions with dealers in the foreign exchange market. (2) The RBA's spot and forward transactions with the Australian Government and with 'other' counterparties. Some researchers have been using the first series as a proxy for foreign exchange market intervention, but this is not appropriate. The RBA engages in spot or forward transactions with dealers in the market virtually every day. Most of these transactions are never intended to influence the exchange rate. Rather, they are intended to cover orders for foreign exchange from clients such as the Australian Government. When the RBA sells foreign exchange to a client, it has the choice of meeting this out of its holdings of foreign exchange (official reserves) or buying the equivalent amount of foreign exchange in the market. Most of the time it does the latter, though even then the timing of the sale and purchase may not coincide precisely as the RBA seeks to time its transactions in the market to achieve the most favourable exchange rate possible. The RBA can also engage in foreign exchange transactions with counterparties other than dealers as a means of covering client orders. In isolation, therefore, RBA transactions with dealers should not be interpreted as a time series on intervention. A closer approximation of an "intervention" series would be provided by the net of the two series - i.e. the net of transactions with dealers and transactions with the Australian Government and other counterparties. But even this has shortcomings because, as noted above, the RBA does not always match market purchases against sales originating from client transactions on a daily basis. The net series, therefore, should be filtered to exclude small transactions to provide an indication of intervention." Further information on these series are available from the following sites: http://www.rba.gov.au/publications/rdp/2004/2004-06.html http://www.rba.gov.au/publications/annual-reports/rba/2006/html/oper-fin-mkts.html These series are made available only for research purposes. Table A4 of the Reserve Bank Bulletin also details transactions with the market, as well as transactions with the Government and 'other' parties, on a monthly basis. These data are available electronically from the RBA website. Note that the data published in the Bulletin are on a settlement (value date) basis. The series of transactions with 'other' counterparties also includes additional items not in the above daily series, notably interest earnings on reserves. http://www.rba.gov.au/statistics/tables/index.html#rba

Notes regarding this series can be found in International Financial Statistics Yearbooks produced by the International Monetary Fund (IMF). We have requested these publications from the IMF. Notes on this series will populate once they become available. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.

Future General Activity forecasts the change in general business activity over the next six months for reporting manufacturing firms. The General Business Activity is the broadest measure for future manufacturing conditions in the Manufacturing Business Outlook Survey. The diffusion index is calculated by taking the percent reporting increases and subtracting the percentage reporting decreases. For more information about this release from the Federal Reserve Bank of Philadelphia, visit: http://www.philadelphiafed.org/research-and-data/regional-economy/business-outlook-survey/ .

Current Prices Received reports the change in Prices Received compared to the previous month for reporting manufacturing firms. The diffusion index is calculated by taking the percent reporting increases and subtracting the percentage reporting decreases. For more information about this release from the Federal Reserve Bank of Philadelphia, visit: http://www.philadelphiafed.org/research-and-data/regional-economy/business-outlook-survey/ .

OECD descriptor ID: BPCFTT01 OECD unit ID: CXCU OECD country ID: USA All OECD data should be cited as follows: OECD, "Main Economic Indicators - complete database", Main Economic Indicators (database),http://dx.doi.org/10.1787/data-00052-en (Accessed on date) Copyright, 2016, OECD. Reprinted with permission.

Observations for the current and future years are projections. The IMF provides these series as part of their Regional Economic Outlook (REO) reports. These reports discuss recent economic developments and prospects for countries in various regions. They also address economic policy developments that have affected economic performance in their regions and provide country-specific data and analysis. For more information, please see the Regional Economic Outlook (https://www.imf.org/en/publications/reo) publications. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available here (http://www.imf.org/external/terms.htm).

Observations for the current and future years are projections. The IMF provides these series as part of their Regional Economic Outlook (REO) reports. These reports discuss recent economic developments and prospects for countries in various regions. They also address economic policy developments that have affected economic performance in their regions and provide country-specific data and analysis. For more information, please see the Regional Economic Outlook (https://www.imf.org/en/publications/reo) publications. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available here (http://www.imf.org/external/terms.htm).

Notes regarding this series can be found in International Financial Statistics Yearbooks produced by the International Monetary Fund (IMF). We have requested these publications from the IMF. Notes on this series will populate once they become available. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.

Future Delivery Time forecasts the change in delivery time over the next six months for reporting manufacturing firms. The diffusion index is calculated by taking the percent reporting increases and subtracting the percentage reporting decreases. For more information about this release from the Federal Reserve Bank of Philadelphia, visit: http://www.philadelphiafed.org/research-and-data/regional-economy/business-outlook-survey/ .

Current Average Employee Workweek reports the change in average employee workweek compared to the previous month for reporting service firms. For more information about this release from the Federal Reserve Bank of Philadelphia, visit here. (https://www.philadelphiafed.org/research-and-data/regional-economy/nonmanufacturing-business-outlook-survey/)

Future Capital Expenditures forecasts the change in capital expenditures over the next six months for reporting manufacturing firms. For more information about this release from the Federal Reserve Bank of Philadelphia, visit: http://www.philadelphiafed.org/research-and-data/regional-economy/business-outlook-survey/ .

This series has been discontinued. As of July 11, 2013 data in the new H.3 statistical release are no longer adjusted for regulatory changes in reserve requirements and are no longer seasonally adjusted. You can access not seasonally adjusted series of total reserves at https://fred.stlouisfed.org/series/TOTRESNS.

Notes regarding this series can be found in International Financial Statistics Yearbooks produced by the International Monetary Fund (IMF). We have requested these publications from the IMF. Notes on this series will populate once they become available. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.