US Reserve requirement ratio for net transaction deposits (above low tranche)
US Reserve requirement ratio for net transaction deposits (above low tranche) stood at 0% on Oct 12, 2026, according to Federal Reserve Board of Governors (Regulation D). It is one of the indicators in the Reserve requirements table (Value · Daily), with a complete series running from Nov 13, 1980 to Oct 12, 2026. The complete series with an interactive chart, free to download.
This indicator in the Reserve requirements table
| Indicator | 12-10-2026 | 05-10-2026 | 21-09-2026 | 30-07-2026 | 26-03-2020 | 25-03-2020 | 02-04-1992 | 01-04-1992 | 27-12-1990 | 26-12-1990 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RESERVE REQUIREMENT RATIO — CURRENT MECHANISM (SINCE 11/13/1980) | |||||||||||
| Net transaction deposits — amount exceeding low reserve tranche | 0 | 0 | 0 | 0 | 0 | 10 | 10 | 12 | |||
| Non-transaction deposits (non-personal time deposits and foreign currency liabilities) | 0 | 0 | 0 | 0 | 0 | 1.5 |
Understanding US Reserve requirement ratio for net transaction deposits (above low tranche)
The percentage rate applied to the portion of net transaction deposits exceeding the maximum prescribed threshold. This is the highest reserve requirement for non-term transaction accounts and demand deposits, imposing the largest reserve costs on commercial banks with large transaction deposit volumes. The data excludes all non-transaction deposits such as savings deposits or time deposits of individuals and organizations.
Data reflects the degree of traditional monetary policy tightening or easing across economic cycles. Because regulations have currently shifted this rate to zero percent, the values on the chart represent historical liquidity levels. Therefore, analysts should not compare absolute year-on-year differentials, but rather examine the timing of fundamental policy adjustments.
Frequently asked questions
- How is the above-threshold deposit segment determined?
- The entire volume of net transaction deposits exceeding the prescribed annual limit is subject to this highest reserve ratio.
- How does this indicator impact interbank market interest rates?
- Higher reserve requirements reduce the funds available for interbank lending, thereby driving up short-term borrowing costs.
- Why is this ratio no longer maintained at a high level currently?
- Liquidity governance has shifted toward controlling the policy interest rate instead of imposing rigid reserve holding requirements.