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FEDERAL mi RESERVE statistical release For immediate release December 30, 1977 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended December 21, 1977 (In millions of dollars unless otherwise noted) 46 banks Peserve excess or deficiency (-) 1/ Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 8 banks in New York City 38 banks outside New York 33 other 5 banks in Chicago banks 87 13 74 2 72 175 50 125 23 102 19,431 7,147 12,284 6,193 6,090 -19,519 -7,185 -12,335 -6,214 -6,121 125.6 123.4 126.9 424.8 74.1 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves 1/ 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. 2/ For details see Federal 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, April 1976. H .5 (a) Federal F u n d s transactions o f M a j o r Reserve C i t y Banks f o r t h e Week ended D e c e m b e r 21, 1977 (In m i l l i o n s o f dollars) 4 6 banks 8 banks in New York City 3 8 banks outside N e w Y o r k 5 banks i n Chicago 3 3 other banks w , A. Interbank Federal funds transactions < 1. Gross transactions a. Purchases b. Sales 2. Total 2-wav transactions 1/ 27,426 7,995 8,052 905 19,374 7,091 7,358 1,165 12,016 5,926 5,977 905 5,072 1,115 3,957 i 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 21,449 2,019 19,431 7,147 - — 7,147 14,302 6,243 8,059 2,019 50 1,969 12,283 6,193 6,090 B. Related transactions with U.S. Government securities dealers 1/ 2/ - * ' 1. Loans to dealers 2/ 4,133 2,530 1,603 436 1,168 2. Borrowings from dealers 3/ 1,575 1,095 479 338 141 3. Net loans 2,559 1,435 1,124 98 1,026 > 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. 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 t o repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Note:—Averages of daily figures.
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