diff --git a/fs/xfs/xfs_mount.c b/fs/xfs/xfs_mount.c
index c207fef6770b83ea8eb452c0c955b1c31fcf24f4..e79b56b4bca6634daaf0b4b1cc47fa689ff5048d 100644
--- a/fs/xfs/xfs_mount.c
+++ b/fs/xfs/xfs_mount.c
@@ -1097,13 +1097,15 @@ xfs_default_resblks(xfs_mount_t *mp)
 	__uint64_t resblks;
 
 	/*
-	 * We default to 5% or 1024 fsbs of space reserved, whichever is smaller.
-	 * This may drive us straight to ENOSPC on mount, but that implies
-	 * we were already there on the last unmount. Warn if this occurs.
+	 * We default to 5% or 8192 fsbs of space reserved, whichever is
+	 * smaller.  This is intended to cover concurrent allocation
+	 * transactions when we initially hit enospc. These each require a 4
+	 * block reservation. Hence by default we cover roughly 2000 concurrent
+	 * allocation reservations.
 	 */
 	resblks = mp->m_sb.sb_dblocks;
 	do_div(resblks, 20);
-	resblks = min_t(__uint64_t, resblks, 1024);
+	resblks = min_t(__uint64_t, resblks, 8192);
 	return resblks;
 }
 
@@ -1417,6 +1419,9 @@ xfs_mountfs(
 	 * when at ENOSPC. This is needed for operations like create with
 	 * attr, unwritten extent conversion at ENOSPC, etc. Data allocations
 	 * are not allowed to use this reserved space.
+	 *
+	 * This may drive us straight to ENOSPC on mount, but that implies
+	 * we were already there on the last unmount. Warn if this occurs.
 	 */
 	if (!(mp->m_flags & XFS_MOUNT_RDONLY)) {
 		resblks = xfs_default_resblks(mp);
@@ -1725,26 +1730,30 @@ xfs_mod_incore_sb_unlocked(
 				lcounter += rem;
 			}
 		} else {				/* Taking blocks away */
-
 			lcounter += delta;
+			if (lcounter >= 0) {
+				mp->m_sb.sb_fdblocks = lcounter +
+							XFS_ALLOC_SET_ASIDE(mp);
+				return 0;
+			}
 
-		/*
-		 * If were out of blocks, use any available reserved blocks if
-		 * were allowed to.
-		 */
+			/*
+			 * We are out of blocks, use any available reserved
+			 * blocks if were allowed to.
+			 */
+			if (!rsvd)
+				return XFS_ERROR(ENOSPC);
 
-			if (lcounter < 0) {
-				if (rsvd) {
-					lcounter = (long long)mp->m_resblks_avail + delta;
-					if (lcounter < 0) {
-						return XFS_ERROR(ENOSPC);
-					}
-					mp->m_resblks_avail = lcounter;
-					return 0;
-				} else {	/* not reserved */
-					return XFS_ERROR(ENOSPC);
-				}
+			lcounter = (long long)mp->m_resblks_avail + delta;
+			if (lcounter >= 0) {
+				mp->m_resblks_avail = lcounter;
+				return 0;
 			}
+			printk_once(KERN_WARNING
+				"Filesystem \"%s\": reserve blocks depleted! "
+				"Consider increasing reserve pool size.",
+				mp->m_fsname);
+			return XFS_ERROR(ENOSPC);
 		}
 
 		mp->m_sb.sb_fdblocks = lcounter + XFS_ALLOC_SET_ASIDE(mp);