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F E D E R A L fffli R E S E R V E statistical release For immediate r e l e a s e A p r i l 2 9 , 1977 H.5 Reserve P o s i t i o n s o f Major Reserve C i t y Banks Reserve Period Ended A p r i l 2 0 , 1977 (In m i l l i o n s of d o l l a r s u n l e s s 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 interbank Federal funds purchases or s a l e s ( - ) 2 / 13 8 banks i n New York C i t y 15 4 38 banks o u t s i d e New York 29 5 banks i n Chicago 24 4 18,670 7,135 11,536 6,394 -18,688 -7,119 •11,568 -6,418 121.2 118.4 122.9 404.0 Equals: Net b a s i c r e s e r v e surplus or d e f i c i t ( - ) : a. Net amount b. As per cent o f average 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 reporting 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 . A d j u s t e d t o i n c l u d e $66.2 m i l l i o n waivers of p e n a l t i e s for reserve d e f i c i e n c i e s in accordance with Board p o l i c y change 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 s e e F e d e r a l Funds T r a n s a c t i o n s of Major R e s e r v e 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 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 January 1 4 , 1 9 7 6 . For r e v i s e d d a t a see Federal Reserve B u l l e t i n , A p r i l 1976. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week ended A p r i l 2 0 , 1977 (In millions 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 a. Purchases b. Sales 2. Total 2-wav transactions 1/ 26,572 7,902 8,028 893 18,544 7,009 7,206 812 11,338 6,196 5,282 893 4,389 812 3,576 21,290 7,134 ' 14,156 6,394 7,762 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks 2,260 - 2,620 18,670 7,134 11,536 2. Borrowings from dealers 3/ 3,632 1,248 2,240 386 3. Net loans 2,384 1,854 c. Net purchases or sales (-) - - - 2,620 6,394 5,142 1,392 862 421 444 971 418 530 23 554 B. Related transactions with U.S. Government securities dealers 1. Loans to dealers 2/ 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 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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