NOTES

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

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

Units: Billions of Dollars, Not Seasonally Adjusted

Frequency: Monthly

Notes:

This series is calculated by the Federal Reserve Bank of St. Louis as Total Borrowings of Depository Institutions from the Federal Reserve (BORROW) minus Term Auction Credit (TERMAUC). The Term Auction Credit (TERMAUC) was discontinued in May 2011.



The values are monthly averages.



Please note breaks in data: Data prior to 2003-01-01 include adjustment, extended, and seasonal credit. From 2003-01-01 to 2008-04-03, the data include primary, secondary, and seasonal credit. As of 2008-04-10, data include primary, secondary, and seasonal credit, primary dealer credit facility, and other credit extensions. Data from 2008-09-01 are loans to depository institutions for primary, secondary, and seasonal credit, primary dealer and other broker-dealer credit. This category also includes the asset-backed commercial paper money market mutual fund liquidity facility, credit extended to American International Group, Inc., and other credit extensions. Data were modified to include term asset-backed securities loan facility with the release on 2009-03-26.