Growth rate
Total reserves growth rate
Year-over-year change in Total reserves every month from Jan 1960 to Aug 2026: each month against the same month a year earlier.
Year over year
−10.5%
Aug 2026
- Total reserves level
- $2.94T
- Month over month
- −3.79%
- Fastest growth
- +1859.3%Apr 2009
- Weakest
- −32.5%Sep 2002
Year-over-year growth, Jan 1960 to Aug 2026
Source: Board of Governors of the Federal Reserve System. Growth computed by M0 from the monthly level via FRED series TOTRESNS · Monthly, not seasonally adjusted · Latest observation Aug 2026. Figures are subject to revision by the publishing agency.
When Total reserves shrank
Every run of consecutive months in which Total reserves was below its level a year earlier.
| From | To | Lowest year-over-year |
|---|---|---|
| Jan 1960 | Aug 1960 | −3.2% (Apr 1960) |
| Nov 1962 | Nov 1962 | −1.0% (Nov 1962) |
| Jan 1963 | Jan 1963 | −0.5% (Jan 1963) |
| Apr 1963 | Oct 1963 | −1.0% (May 1963) |
| Feb 1973 | Feb 1973 | −0.6% (Feb 1973) |
| Apr 1973 | Jun 1973 | −1.2% (May 1973) |
| Mar 1975 | Oct 1976 | −6.8% (Aug 1975) |
| Aug 1980 | Aug 1980 | −0.7% (Aug 1980) |
| Oct 1980 | Jul 1981 | −10.2% (Apr 1981) |
| Sep 1981 | Nov 1981 | −2.4% (Oct 1981) |
| Mar 1982 | Oct 1982 | −2.5% (May 1982) |
| Jan 1983 | Aug 1984 | −8.8% (Feb 1984) |
| Apr 1989 | Jan 1990 | −3.9% (Jun 1989) |
| Dec 1990 | Dec 1991 | −20.0% (Feb 1991) |
| May 1992 | Aug 1992 | −1.8% (Jun 1992) |
| Feb 1993 | Mar 1993 | −3.6% (Mar 1993) |
| Oct 1994 | Jan 1999 | −14.3% (Apr 1997) |
| Mar 1999 | Jul 2001 | −10.4% (Jan 2001) |
| Sep 2002 | Feb 2003 | −32.5% (Sep 2002) |
| Aug 2004 | Aug 2004 | −0.7% (Aug 2004) |
| Aug 2005 | Jul 2007 | −7.6% (Sep 2006) |
| Oct 2010 | Jan 2011 | −9.0% (Nov 2010) |
| May 2012 | Dec 2012 | −7.7% (Sep 2012) |
| Feb 2015 | Feb 2015 | −3.5% (Feb 2015) |
| May 2015 | Oct 2015 | −6.2% (Aug 2015) |
| Dec 2015 | Aug 2017 | −20.9% (Oct 2016) |
| Mar 2018 | Dec 2019 | −25.7% (Feb 2019) |
| Apr 2022 | May 2023 | −26.0% (Oct 2022) |
| Jul 2023 | Aug 2023 | −2.5% (Jul 2023) |
| Sep 2024 | Jun 2025 | −8.6% (Feb 2025) |
| Aug 2025 | Aug 2026 | −11.6% (Nov 2025) |
Last 24 months
| Month | Total reserves | Year over year | Month over month |
|---|---|---|---|
| Aug 2026 | $2.94T | −10.5% | −3.79% |
| Jul 2026 | $3.05T | −8.6% | +1.08% |
| Jun 2026 | $3.02T | −10.0% | −1.95% |
| May 2026 | $3.08T | −5.6% | +2.01% |
| Apr 2026 | $3.02T | −10.0% | +0.07% |
| Mar 2026 | $3.02T | −11.5% | +2.01% |
| Feb 2026 | $2.96T | −9.3% | −0.38% |
| Jan 2026 | $2.97T | −8.8% | +0.89% |
| Dec 2025 | $2.94T | −9.2% | +2.16% |
| Nov 2025 | $2.88T | −11.6% | −2.22% |
| Oct 2025 | $2.94T | −8.3% | −4.02% |
| Sep 2025 | $3.07T | −5.2% | −6.51% |
| Aug 2025 | $3.28T | −1.2% | −1.75% |
| Jul 2025 | $3.34T | +1.2% | −0.47% |
| Jun 2025 | $3.36T | −0.7% | +2.85% |
| May 2025 | $3.26T | −3.4% | −2.74% |
| Apr 2025 | $3.35T | −2.2% | −1.56% |
| Mar 2025 | $3.41T | −3.8% | +4.51% |
| Feb 2025 | $3.26T | −8.6% | +0.17% |
| Jan 2025 | $3.26T | −7.2% | +0.47% |
| Dec 2024 | $3.24T | −7.2% | −0.50% |
| Nov 2024 | $3.26T | −4.3% | +1.41% |
| Oct 2024 | $3.21T | −2.0% | −0.78% |
| Sep 2024 | $3.24T | −0.1% | −2.54% |
By year
December on the previous December; the current year shows its latest month.
| Year | Total reserves | Growth |
|---|---|---|
| 2026(to Aug) | $2.94T | −10.5% |
| 2025 | $2.94T | −9.2% |
| 2024 | $3.24T | −7.2% |
| 2023 | $3.49T | +12.4% |
| 2022 | $3.11T | −25.8% |
| 2021 | $4.19T | +33.6% |
| 2020 | $3.13T | +84.6% |
| 2019 | $1.70T | −3.5% |
| 2018 | $1.76T | −23.8% |
| 2017 | $2.31T | +10.2% |
| 2016 | $2.10T | −15.6% |
| 2015 | $2.48T | −6.9% |
| 2014 | $2.67T | +4.9% |
| 2013 | $2.54T | +61.8% |
| 2012 | $1.57T | −1.8% |
| 2011 | $1.60T | +48.3% |
| 2010 | $1.08T | −5.5% |
| 2009 | $1.14T | +38.9% |
| 2008 | $820.9B | +1787.1% |
| 2007 | $43.5B | +0.5% |
| 2006 | $43.3B | −4.6% |
| 2005 | $45.4B | −3.0% |
| 2004 | $46.8B | +8.8% |
| 2003 | $43.0B | +6.7% |
| 2002 | $40.3B | −1.9% |
| 2001 | $41.1B | +7.0% |
| 2000 | $38.4B | −7.9% |
| 1999 | $41.7B | −7.7% |
| 1998 | $45.2B | −5.6% |
| 1997 | $47.9B | −6.4% |
| 1996 | $51.2B | −11.6% |
| 1995 | $57.9B | −5.7% |
| 1994 | $61.4B | −2.2% |
| 1993 | $62.8B | +11.0% |
| 1992 | $56.6B | +2.0% |
| 1991 | $55.5B | −6.1% |
| 1990 | $59.1B | −5.7% |
| 1989 | $62.7B | −1.6% |
| 1988 | $63.7B | +2.6% |
| 1987 | $62.1B | +4.5% |
| 1986 | $59.4B | +23.5% |
| 1985 | $48.1B | +18.2% |
| 1984 | $40.7B | +4.6% |
| 1983 | $38.9B | −7.2% |
| 1982 | $41.9B | 0.0% |
| 1981 | $41.9B | +2.9% |
| 1980 | $40.7B | −7.5% |
| 1979 | $44.0B | +5.5% |
| 1978 | $41.7B | +14.2% |
| 1977 | $36.5B | +3.7% |
| 1976 | $35.2B | +0.6% |
| 1975 | $35.0B | −5.1% |
| 1974 | $36.9B | +5.1% |
| 1973 | $35.1B | +11.8% |
| 1972 | $31.4B | +0.3% |
| 1971 | $31.3B | +7.2% |
| 1970 | $29.2B | +3.9% |
| 1969 | $28.1B | +3.3% |
| 1968 | $27.2B | +7.5% |
| 1967 | $25.3B | +6.3% |
| 1966 | $23.8B | +4.8% |
| 1965 | $22.7B | +5.1% |
| 1964 | $21.6B | +4.3% |
| 1963 | $20.7B | +3.0% |
| 1962 | $20.1B | 0.0% |
| 1961 | $20.1B | +4.1% |
| 1960 | $19.3B | +1.6% |
Total reserves growth rate: common questions
- What is the current Total reserves growth rate?
- Total reserves was $2.94T in Aug 2026, −10.5% on Aug 2025 and −3.79% on the previous month. Source: Board of Governors of the Federal Reserve System, FRED series TOTRESNS, not seasonally adjusted and subject to revision.
- What is the fastest Total reserves has grown?
- The highest year-over-year growth since Jan 1960 was +1859.3% in Apr 2009. The lowest was −32.5% in Sep 2002.
- Has the total reserves ever shrunk?
- Yes. Year-over-year Total reserves growth has been negative in 31 separate periods since Jan 1960: Jan 1960 to Aug 1960 (low −3.2%); Nov 1962 to Nov 1962 (low −1.0%); Jan 1963 to Jan 1963 (low −0.5%); Apr 1963 to Oct 1963 (low −1.0%); Feb 1973 to Feb 1973 (low −0.6%); Apr 1973 to Jun 1973 (low −1.2%); Mar 1975 to Oct 1976 (low −6.8%); Aug 1980 to Aug 1980 (low −0.7%); Oct 1980 to Jul 1981 (low −10.2%); Sep 1981 to Nov 1981 (low −2.4%); Mar 1982 to Oct 1982 (low −2.5%); Jan 1983 to Aug 1984 (low −8.8%); Apr 1989 to Jan 1990 (low −3.9%); Dec 1990 to Dec 1991 (low −20.0%); May 1992 to Aug 1992 (low −1.8%); Feb 1993 to Mar 1993 (low −3.6%); Oct 1994 to Jan 1999 (low −14.3%); Mar 1999 to Jul 2001 (low −10.4%); Sep 2002 to Feb 2003 (low −32.5%); Aug 2004 to Aug 2004 (low −0.7%); Aug 2005 to Jul 2007 (low −7.6%); Oct 2010 to Jan 2011 (low −9.0%); May 2012 to Dec 2012 (low −7.7%); Feb 2015 to Feb 2015 (low −3.5%); May 2015 to Oct 2015 (low −6.2%); Dec 2015 to Aug 2017 (low −20.9%); Mar 2018 to Dec 2019 (low −25.7%); Apr 2022 to May 2023 (low −26.0%); Jul 2023 to Aug 2023 (low −2.5%); Sep 2024 to Jun 2025 (low −8.6%); Aug 2025 to Aug 2026 (low −11.6%).
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