This manual provides information regarding reserve calculations and account maintenance for depository institutions that file the Federal Reserve (FR) 2900 form (Report of Transaction Accounts, Other Deposits and Vault Cash) with the Federal Reserve, either weekly or quarterly. The Federal Reserve updates this manual when necessary, but in particular toward the end of each calendar year to reflect the annual indexation of values used in the calculation of reserve requirements on the FR 2900 form.
The manual consists of six main sections.
- The Account Structure section of the manual describes the types of accounts a depository institution may maintain at a Reserve Bank for reserves.
- The Reporting Requirements section presents the Federal Reserve’s policy related to the different reporting requirements for institutions subject to reserve requirements.
- The Calculation of Reserve Balance Requirements, and
- Maintenance of Reserve Balance Requirements sections provide information on the steps to calculate reserve requirements, the options for satisfying reserve balance requirements, and the interest an institution may earn for holding balances at the Federal Reserve.
- The Mechanics of Reserve Maintenance section illustrates the calculations and concepts presented in previous sections through four examples.
- The Effect of Mergers on Reserve Balance Requirements section details the effect of mergers on reserve calculations and maintenance.
Federal Reserve reporting forms and instructions are available online here.
Other Resources provides useful websites, including a link to Reserve Bank contacts for questions on deposit reporting and reserve administration; this manual also includes a glossary.