Bank Reserves
Returns the total reserves held by depository institutions at Federal Reserve Banks, sourced from the Federal Reserve.
Data Source
Federal Reserve Statistical Release H.3 - Aggregate Reserves of Depository Institutions.
Usage Notes
- No parameters required
- Returns value in billions of dollars
- Data updated weekly
- Includes both required and excess reserves
Economic Interpretation
Bank reserves are a key indicator of banking system liquidity and Fed monetary policy stance.
| Trend | Interpretation |
|---|---|
| Rising | Expansionary policy / QE |
| Falling | Contractionary policy / QT |
| Stable | Neutral monetary stance |
Syntax
=BankReserves()Returns
number
Total bank reserves held at the Federal Reserve in billions of dollars
Examples
=BankReserves()When to Use
- Analyzing Federal Reserve monetary policy
- Tracking banking system liquidity
- Building monetary policy dashboards
- Studying quantitative easing/tightening effects
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Need money supply | MoneySupplyM1() or MoneySupplyM2() |
| Need interest rates | FederalFundsRate() |
| Need currency in circulation | CurrencyInCirculation() |
Common Issues & FAQ
What units is this in?
Bank reserves are reported in billions of U.S. dollars.
Does this include excess reserves?
Yes, this includes total reserves (required + excess reserves).
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