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FEDERAL RESERVE statistical r e l e a s e — • ! For immediate Release, December 23, 1977 L. H. 5 Reserve Positions of Major Reserve City Banks Reserve Period Ended December 14, 1977 (In millions of dollars unless otherwise noted) r-%+ 46 banks 8 banks in New York Citv 38 banks outside New York 5 banks 33 other in Chicago banks Reserve excess or deficiency (-) V 100 6 93 Less: 123 81 41 20,864 9,076 11,788 6,725 5,063 -20,887 -9,151 -11,736 -6,704 -5,032 136.2 163.4 120.5 441.6 61.2 Borrowings from Reserve Banks ^.ess: Net interbank Federal funds purchases or sales (-) 2/ 21 72 41 Equals: Net basic reserve surplus or deficit (-): a. Net amount As per cent of average required reserves 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 $10.2 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. , JNOTE: — Averages of daily figures . 4 Federal Funds transactions o f M a j o r Reserve C i t y Banks f o r the Week ended D e c e m b e r 1 4 , 1 9 7 7 (In m i l l i o n s 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/ U 28,734 7,870 9,412 335 19,322 7,534 7,843 1,117 11,480 6,417 5,329 335 4,994 1,093 3,901 23,405 9,076 14,329 6,749 7,579 2,540 24 2,516 3. Total net transactions a. Net purchases of net buying banks 'i b. Net sales of net selling banks c. Net purchases or sales (-) 2,540 20,865 9,076 11,788 6,725 5,063 B. Related transactions with U.S. Government securities ? dealers v 1. Loans to dealers 2/ 4,684 2,799 1,886 2. Borrowings from dealers 3/ 455 1,431 1,822 1,225 596 367 3. Net loans 229 2,863 1,573 1,289 88 1,201 : = r H E E E E E E ™ E E E ~ = ~ = b v ci,8,ing banks f Note: - < « — - — - - • Averages o f d a i l y figures. 4
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