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FAERAL FII RESEI^E s t a t i s t i c a l r e l e a s e For immediate release December 2, 1977 >H.5 Reserve P o s i t i o n s of Major Reserve C i t y Banks Reserve Period Ended November 23, 1977 ( I n m i l l i o n s of d o l l a r s u n l e s s o t h e r w i s e n o t e d ) 46 banks Reserve e x c e s s o r . d e f i c i e n c y ( - ) 1/ Less: 38 banks o u t s i d e New York 5 banks 33 o t h e r In Chicago banks 14 9 5 1 4 415 252 162 20 142 17,766 7,185 10,581 5,757 4,825 -18,195 -7,447 -10,748 -5,777 -4,971 119.6 130.3 113.2 389.0 62.1 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2/ 8 banks i n New York C i t y Equal 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 ( - ) : > 3• Net amount b. As per cent of average r e quired r e s e r v e s -v 1/ 2/ Reserves held after all adjustments applicable to the reporting period including allowable carry-over and deficiencies, less the sum of required reserves. Adjusted to include $10.9 million waivers of penalties for reserve deficiencies in accordance with Board policy change effective November 19, 1975. For details see Federal Funds Transactions of Major Reserve City Banks. NOTE: — Averages of daily figures. H .5 (a) 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 B a n k s for the Week ended November 23, 1977 (In m i l l i o n s of d o l l a r s ) 4 6 banks 8 b a n k s in N e w York City 3 8 b a n k s outside N e w York 5 banks in C h i c a g o 3 3 other banks A. Interbank Federal f u n d s transactions 1. Gross t r a n s a c t i o n s a. Purchases b. Sales 2. Total 2-way t r a n s a c t i o n s 1/ 25,552 7,874 17,678 7,144 10,534 7,786 689 7,097 1,387 5,710 5,358 689 4,669 1,349 3,320 20,194 7,185 13,009 5,795 7,215 2,428 38 2,390 3. Total net t r a n s a c t i o n s a. Net purchases of n e t buying b a n k s b. Net sales of n e t selling b a n k s c. Net purchases or sales (-) 2,428 — — 17,766 7,185 10,581 5,757 4,825 1. Loans t o dealers 2 [ 3,795 2,167 1,628 268 1,360 2. Borrowings f r o m dealers 3 / . 1,864 1,087 776 104 672 3. Net loans 1,931 1,080 852 164 688 B. Related t r a n s a c t i o n s w i t h U.S. G o v e r n m e n t securities dealers V Derived f r o m averages f o r individual b a n k s for e n t i r e w e e k . Figure f o r each b a n k indicates e x t e n t t o w h i c h its w e e k l y average purchases and sales are o f f s e t t i n g ; t h a t is, it is t h e lesser of t h e t w o a m o u n t s . Gross purchases less 2-way t r a n s a c t i o n s equals n e t purchases of n e t b u y i n g b a n k s . Similarly, gross sales less 2-way t r a n s a c t i o n s equals n e t sales of net selling b a n k s . 2/ 3/ Federal f u n d s l o a n e d , n e t f u n d s supplied t o each dealer by clearing b a n k s , r e p u r c h a s e a g r e e m e n t s (purchases of securities f r o m dealers s u b j e c t t o resale) or o t h e r lending a r r a n g e m e n t s . Federal f u n d s b o r r o w e d , n e t f u n d s a c q u i r e d f r o m each dealer by clearing b a n k s , reverse r e p u r c h a s e a g r e e m e n t s (sales of securities t o dealers s u b j e c t t o r e p u r c h a s e ) , resale a g r e e m e n t s , and b o r r o w i n g s secured by G o v ' t , or o t h e r issues. N o t e : — A v e r a g e s of d a i l y figures.
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