# Reserve Balances Required; Top of Penalty-Free Band (RESBRQTPF)  Excel (data)  CSV (data)  Image (graph)  PowerPoint (graph)  PDF (graph)

Observation:

Jan 2017: 121,546
Updated: Feb 2, 2017

Units:

Millions of Dollars,

Frequency:

Monthly
1Y | 5Y | 10Y | Max
EDIT LINE 1
(a) Reserve Balances Required; Top of Penalty-Free Band, Millions of Dollars, Not Seasonally Adjusted (RESBRQTPF)
A penalty-free band is a range on both sides of the reserve balance requirement within which an institution needs to maintain its average balance over the maintenance period in order to satisfy its reserve balance requirement. The penalty-free band replaces carryover and routine penalty waivers effective with the Regulation D changes on June 27, 2013. This series equals the sum of each institution's top of the penalty-free band. For each institution, the top of the penalty-free band is equal to the institution's reserve balance requirement plus an amount that is the greater of 10 percent of the institution's reserve balance requirement or \$50,000.

Reserve Balances Required; Top of Penalty-Free Band

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NOTES

#### Notes:

A penalty-free band is a range on both sides of the reserve balance requirement within which an institution needs to maintain its average balance over the maintenance period in order to satisfy its reserve balance requirement. The penalty-free band replaces carryover and routine penalty waivers effective with the Regulation D changes on June 27, 2013. This series equals the sum of each institution's top of the penalty-free band. For each institution, the top of the penalty-free band is equal to the institution's reserve balance requirement plus an amount that is the greater of 10 percent of the institution's reserve balance requirement or \$50,000.

#### Suggested Citation:

Board of Governors of the Federal Reserve System (US), Reserve Balances Required; Top of Penalty-Free Band [RESBRQTPF], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/RESBRQTPF, February 23, 2017.

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