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FEDERAL ffflj statistical RESERVE release For immediate r e l e a s e September 2, 1977 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended August 24, 1977 (In m i l l i o n s of dollars unless otherwise noted) 46 banks Reserve excess or d e f i c i e n c y ( - ) 1/ Less: 38 banks outside New York 33 other 5 banks in Chicago banks 38 25 63 925 430 495 16,166 4,564 11,603 5,854 5,749 •17,129 -4,969 •12,161 -5,848 -6,313 116.5 90.0 132.5 395.3 82.0 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2/ 8 banks in New York City - 69 495 Equals: Net basic reserve surplus or d e f i c i t ( - ) : a. Net amount b. As per cent of average required reserves 1/ Reserves h e l d a f t e r a l l adjustments a p p l i c a b l e t o the r e p o r t i n g period i n c l u d i n g a l l o w a b l e carry-over and d e f i c i e n c i e s , l e s s the sum of required r e s e r v e s . Adjusted t o include $21.4 m i l l i o n waivers 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 with 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 Transactions of Major Reserve City Banks. NOTE: — Averages of d a i l y f i g u r e s . H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week ended A u g u s t 2 4 , 1 9 7 7 (In millions of dollars) 4 6 banks 8 banks in N e w Y o r k City 3 8 banks outside N e w Y o r k ^ 5 banks in Chicago 3 3 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 22,528 6,361 5,582 1,018 16,946 5,343 6,873 1,019 10,073 4,325 4,857 1,018 3,839 1,019 2,820 17,671 4,564 13,107 5,854 7,253 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 1,505 1,505 1,505 16,166 4,564 11,603 5,854 5,749 1. Loans to dealers 21 3,777 1,990 1,787 292 1,496 2. Borrowings from dealers 3/ 1,921 975 947 145 802 3. Net loans 1,856 1,015 841 147 694 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 to repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Note:—Averages of daily figures. ** J <• >
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