Graph: Non-Borrowed Reserves of Depository Institutions Plus Term Auction Credit (DISCONTINUED SERIES)

Click and drag in the plot area or select dates: Select date:   1yr | 5yr | 10yr | Max   to
Restore defaults | Save settings | Apply saved settings

    w   h
Graph Background: Plot Background: Text:


(a) Non-Borrowed Reserves of Depository Institutions Plus Term Auction Credit (DISCONTINUED SERIES), Billions of Dollars, Seasonally Adjusted (NONBORTAF)
The series is calculated by the Federal Reserve Bank of St. Louis.

This series has been discontinued because Non-borrowed reserves are no longer reported as seasonally adjusted on the H.3 release. On December 12, 2007, the Federal Reserve created the Term Auction Facility (TAF) to improve depository institutions' access to term funding. The TAF provided credit through an auction mechanism to depository institutions in generally sound financial condition. The TAF offered 28-day and, beginning in August 2008, 84-day loans.

On September 24, 2009, the Federal Reserve announced that the TAF would be scaled back in response to continued improvements in financial market conditions. The auction amount for the 84-day auctions was reduced in late 2009 and the maturity dates of the 84-day auctions were adjusted over time to align with the maturity dates of the 28-day auctions. Subsequently, the auction amount for the remaining 28-day auctions was tapered, and the final TAF auction was held on March 8, 2010. Credit extended under the March 2010 auction matured on April 8, 2010. All TAF loans were fully collateralized to the satisfaction of the lending Reserve Bank, with an appropriate "haircut" applied to the value of the collateral and were repaid in full, with interest, in accordance with the terms of the facility.

Non-Borrowed Reserves of Depository Institutions Plus Term Auction Credit (DISCONTINUED SERIES)


Integer Period Range: to copy to all
Create your own data transformation: [+]

Need help? [+]

Use a formula to modify and combine data series into a single line. For example, invert an exchange rate a by using formula 1/a, or calculate the spread between 2 interest rates a and b by using formula a - b.

Use the assigned data series variables above (e.g. a, b, ...) together with operators {+, -, *, /, ^}, braces {(,)}, and constants {e.g. 2, 1.5} to create your own formula {e.g. 1/a, a-b, (a+b)/2, (a/(a+b+c))*100}. The default formula 'a' displays only the first data series added to this line. You may also add data series to this line before entering a formula.

will be applied to formula result
Create segments for min, max, and average values: [+]

Graph Data

Retrieving data.
Graph updated.

Recently Viewed Series

Subscribe to our newsletter for updates on published research, data news, and latest econ information.
Name:   Email:  
Twitter logo Google Plus logo Facebook logo YouTube logo LinkedIn logo

Click to send us feedback