A method and system for threaded resource allocation and reclamation are provided. In a preferred embodiment, a threaded resource allocation and reclamation facility ("the facility") provides available instances of a resource in response to requests from resource consumers. The facility maintains both a central pool for holding available instances of the resource for use by any consumer and individual pools for holding available instances of the resource for use by each consumer. When the facility receives a request for an available instance of the resource from a consumer, it provides one from the individual pool for the requesting consumer. If the individual pool is empty, the facility provides an available instance of the resource from the central pool. In a further preferred embodiment, if the central pool is empty, the facility transfers one or more available instances of the resource from one or more of the individual pools to the central pool, then provides one of the transferred available instances.