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FEDERAL RESERVE s t a t i s t i c a l r e l e a s e f*AL For immediate r e l e a s e November 1 8 , 1977 Reserve Positions of Major Reserve City Banks Reserve Period Ended November 9 , 1977 (In millions of dollars unless otherwise noted) 46 banks Reserve e x c e s s o r d e f i c i e n c y ( - ) 1 / Less: 64 Borrowings from R e s e r v e Banks L e s s : Net i n t e r b a n k F e d e r a l f u n d s purchases or s a l e s ( - ) 2/ 8 banks i n New York C i t y 72 38 b a n k s o u t s i d e New York - 8 33 o t h e r 5 banks i n Chicago banks 3 5 363 - - 363 20,929 7,566 13,363 6,777 6,586 -21,228 -7,494 -13,734 -6,780 -6,954 140.2 132.2 145.0 447.2 87.4 363 E q u a l s : Net b a s i c r e s e r v e s u r p l u s or d e f i c i t ( - ) : a. Net amount b. As p e r c e n t of a v e r a g e 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 thg 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 o f r e q u i r e d r e s e r v e s . Adjusted to include $11.6 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 a c c o r d a n c e w i t h B o a r d p o l i c y c h a n g e e f f e c t i v e November 1 9 , 1 9 7 5 . 2/ For d e t a i l s Banks. » ^ 4 " NOTE: — s e e F e d e r a l F u n d s T r a n s a c t i o n s of M a j o r R e s e r v e C i t y A v e r a g e s of d a i l y f i g u r e s . 4 H-5(a) Federal Funds transactions of Major Reserve City Banks for the Week ended November 9 , 1977 (In millions of dollars) 4 6 banks 8 banks in N e w York City 3 8 banks outside N e w Vork 5 banks in Chicago 3 3 other banks A Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2 Total 2-wav transactions 1/ 28,083 7,155 8,536 970 19,548 6,185 7,756 979 11,791 5,206 6,006 970 5,036 979 4,057 22,077 7,566 14,511 6,777 7,734 1,149 — 1,149 3 Tntal net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 20,929 7,566 13,363 1. Loans to dealers 2/ 4,248 2,558 1,690 2. Borrowings from dealers 3/ 1,648 1,173 474 3. Net loans 2,601 1,385 1,216 1,149 6,777 ' 6,586 312 1,378 R. Related transactions with U.S. Government securities dealers 474 312 904 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. 21 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.
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