Reserve balances held by U.S. depository institutions at Federal Reserve Banks have declined, with the latest reading showing $2.921 trillion, down from a previous level of $3.036 trillion. The updated figure, as of 17 September 2026, indicates a reduction of $115 billion in reserves.
The movement in reserve balances reflects changes in the banking system’s liquidity parked at the Federal Reserve. While no additional context was provided on the drivers of the shift, the decline suggests that banks, on net, are holding slightly less cash in their Fed accounts than at the prior reading, a development closely watched by market participants monitoring financial conditions and system liquidity.
