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oOl£OVi FtE D E R A L. RES A VE s t a t i s t i c a l r e l e a s e For immediate r e l e a s e A p r i l 1 5 , 1977 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended A p r i l 6 , 1977 (In millions of dollars unless otherwise noted) 46 banks Reserve e x c e s s or d e f i c i e n c y ( - ) 1/ Less: Borrowings from Reserve Banks Less: Net i n t e r b a n k F e d e r a l f u n d s p u r c h a s e s o r s a l e s ( - ) 2/ 8 banks i n New York C i t y 38 banks o u t s i d e New York 208 101 107 29 29 __ 17,149 5,724 -16,969 115.8 5 banks 33 o t h e r i n Chicago banks 39 68 11,425 6,197 5,227 -5,652 -11,318 -6,159 -5,159 98.9 126.6 414.0 69.2 Equals: 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 per cent of a v e r a g e r e quired r e s e r v e s 1/ Reserves held a f t e r a l l adjustments applicable 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 $ 6 6 . 1 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 Board p o l i c y c h a n g e e f f e c t i v e November 19, 1 9 7 5 . 2/ F o r d e t a i l s s e e F e d e r a l Funds 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 Banks. NOTE: — A v e r a g e s 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 b e e n 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 e n d i n g J a n u a r y 1 4 , 1976. F o r r e v i s e d d a t a s e e 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 R e s e r v e City B a n k s f o r t h e Week e n d e d A p r i l 6 , 1 9 7 7 (In m i l l i o n s of dollars) 4 6 banks 8 banks in N e w York City 24,728 7,580 6,515 791 18,214 6,789 7,155 958 11,058 5,831 5,268 790 4,478 959 3,520 19,460 5,724 13,736 6,197 7,539 3 8 banks outside N e w York 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/ 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 2,311 - - 2,311 2,311 17,149 5,724 11,425 6,197 5,227 1. Loans to dealers 2 / 4,226 1,964 2,263 816 1,447 2. Borrowings from dealers 3 / 1,512 611 901 189 713 3. Net loans 2,714 1,353 1,361 627 734 B. Related transactions with U.S. Government securities dealers V 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 t o 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.
@FedFRASER