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

Examples

=BankReserves()
Current bank reserves in billions

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

Q: What units is this in? A: Bank reserves are reported in billions of U.S. dollars.

Q: Does this include excess reserves? A: Yes, this includes total reserves (required + excess reserves).

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