Source(s): Board of Governors of the Federal Reserve System
Release: H.3 Aggregate Reserves of Depository Institutions and the Monetary Base
Units: Billions of Dollars
Frequency: Monthly
Seasonal Adjustment: Not Seasonally Adjusted
Observation Range: 2001-01 to 2011-05
Last Updated: 2011-07-01 6:46 AM CDT
The series is calculated by the Federal Reserve Bank of St.Louis.
Prior to 2003-01-01, the data are calculated as excess reserves minus total borrowings plus extended borrowings. From 2003-01-01 till 2007-11-01, the observations reflect excess reserves minus total borrowings plus secondary borrowings. From 2007-12-01, the definition changes to excess reserves minus discount window borrowings plus secondary borrowings. Please, check the latest definition of the discount window borrowings at http://research.stlouisfed.org/fred2/series/DISCBORR.
Original content Bob DeMarco, Look Beyond the Obvious
