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FEDERAL statistical ml • f*AL '' RESERVE release F o r immediate release A p r i l 1, 1977 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended March 23, 1977 (In millions of dollars 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 in New York City 38 banks outside New York 33 other 5 banks in Chicago banks 19 24 43 241 153 88 16,396 4,901 11,495 -6,136 5,359 -16,618 -5,079 -11,539 -6,143 -5,396 114.5 89.5 130.5 419.1 73.2 7 - - 50 88 Equals: Net basic reserve surplus or d e f i c i t ( - ) : a. Net amount b. As per cent of average required reserves 1J Reserves held after all adjustments applicable to the reporting period including allowable carry-over and deficiencies, less the sum of required r e s e r v e s . Adjusted to include $55.6 million waivers of penalties for reserve deficiencies in accordance with Board policy change effective November 19, 1975. 2/ For details see F e d e r a l Funds Transactions of Major Reserve City Banks• NOTE: — Averages of daily figures. Substantial revisions have been made to the series beginning with period ending January 14, 1976. For revised data see Federal Reserve Bulletin, 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 March 23, 1977 (In millions of dollars) 46 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 a. Purchases b. Sales 2. Total 2-wav transactions 1/ 23,263 6,868 5,936 1,035 17,328 5,833 6,794 658 10,533 5,175 4,574 1,035 3,539 658 2,882 18,689 4,901 13,788 6,136 7,652 2,293 - - 2,293 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 2,293 16,396 4,901 11,495 6,136 5,359 1. Loans to dealers 2/ 2,819 1,593 1,226 310 916 2. Borrowings from dealers 3/ 1,892 871 1,022 493 528 927 722 205 183 388 B. Related transactions with U.S. Government securities dealers 3. Net loans 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. k 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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