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FEDERAL

RESERVE

statistical

\ m

release
For immediate r e l e a s e ,
November 26, 1976

H.5

Reserve Positions of Major Reserve City Banks
Reserve Period Ended November 17, 1976
(In m i l l i o n s of d o l l a r s unless otherwise noted)

46 banks
Reserve excess or d e f i c i e n c y ( - ) 1/
Less:

Borrowings from Reserve Banks

Less: Net interbank Federal funds
purchases or s a l e s ( - ) 2/

8 banks i n
New York City

38 banks outside New York

33 other
5 banks
i n Chicago banks
68

26

163

70

93

17

14

3

19,191

7,115

12,075

6,681

5,394

-19,044

-7,059

-11,985

-6,614

-5,372

123.8

113.2

131.1

427.4

70.7

- -

3

Equals: Net basic reserve surplus
or d e f i c i t ( - ) :
a.

Net amount

b.

As per cent of average r e quired reserves

1/

Reserves held a f t e r a l l adjustments a p p l i c a b l e to the r e p o r t i n g
p e r i o d i n c l u d i n g a l l o w a b l e c a r r y - o v e r and d e f i c i e n c i e s , l e s s t h e
sum of r e q u i r e d r e s e r v e s . A d j u s t e d t o i n c l u d e $67.0 m i l l i o n
w a i v e r s of p e n a l t i e s f o r r e s e r v e d e f i c i e n c i e s i n accordance w i t h
Board p o l i c y change e f f e c t i v e November 19, 1975.

2/

For d e t a i l s see F e d e r a l Funds T r a n s a c t i o n s of Major Reserve C i t y
Banks.

NOTE:

—

Averages of d a i l y f i g u r e s .
S u b s t a n t i a l r e v i s i o n s have been made t o t h e s e r i e s
b e g i n n i n g w i t h p e r i o d ending January 14, 1976. For
r e v i s e d d a t a see F e d e r a l Reserve B u l l e t i n , A p r i l 1976.




H .5 (a)
Federal F u n d s t r a n s a c t i o n s of Major Reserve City Banks
f o r t h e Week e n d e d N o v e m b e r 1 7 , 1 9 7 6
(In m i l l i o n s of dollars)

4 6 banks

8 banks in
New York City

3 8 banks outside New York

5 banks
in Chicago

3 3 other
banks

A. Interbank Federal funds
transactions
1. Gross transactions

25,525
6,335

7,830
714

17,696
5,621

7,238
557

10,458
5,064

4,841

715

4,126

557

3,570

20,685

7,115

13,569

6,681

6,888

1,494

* «•

1,494

19,191

7,115

12,075

6,681

5,394

1. Loans to dealers 2 /

3,714

2,115

1,599

573

1,026

2. Borrowings from dealers 3 /

1,155

241

915

392

523

3. Net loans

2,559

1,874

685

182

503

a. Purchases
b. Sales
2. Total 2-way transactions 1/
3. Total net transactions
a. Net purchases of net
buying banks
b. Net sales of net
selling banks
c. Net purchases or sales
(-)

1,494

B. Related transactions with
U.S. Government securities
dealers

1/

Derived from averages for individual banks for entire week. Figure for each bank indicates extent to which its weekly average
purchases and sales are offsetting; that is, it is the lesser of the two amounts. Gross purchases less 2-way transactions equals net
purchases of net buying banks. Similarly, gross sales less 2-way transactions equals net sales of net selling banks.

2/

Federal funds loaned, net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of securities from
dealers subject to resale) or other lending arrangements.

3/

Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements (sales of securities
to dealers subject t o repurchase), resale agreements, and borrowings secured by Gov't, or other issues.

Note:—Averages of daily figures.