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FEDERAL RESERVE 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 December 9, 1977 _» H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended November 30, 1977 - (In millions of dollars unless otherwise noted) 46 banks 1 Reserve excess or deficiency ( - ) 1/ Less: 38 banks outside New York 33 other 5 banks in Chicago banks 209 91 119 16 103 422 252 169 20 149 16,212 6,004 10,209 5,968 4,241 -16,425 -6,165 -10,259 -5,972 -4,287 110.9 115.5 108.2 408.7 53.5 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales ( - ) 2/ 8 banks in New York Citv Equals: Net basic reserve surplus or d e f i c i t ( - ) : a. Net amount b. As per cent of average required reserves 1/ Reserves held a f t e r a l l adjustments a p p l i c a b l e to the r e p o r t i n g period i n c l u d i n g allowable carry-over and d e f i c i e n c i e s , l e s s the sum of required r e s e r v e s . Adjusted to include $ 9 . 8 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 19, 1975. , 2/ For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. * NOTE: i, -- Averages of d a i l y f i g u r e s . H .5 (a) Federal F u n d s t r a n s a c t i o n s of Major Reserve City Banks f o r t h e Week e n d e d November 3 0 , 1 9 7 7 (In millions of dollars) 4 6 banks 8 banks in N e w York City 3 8 banks outside N e w York 5 banks in Chicago 3 3 other banks A Interbank Federal funds transactions 1. Gross transactions 24,445 8,233 6,806 803 17,639 7,431 7,381 1,413 10,258 6,018 5,836 803 5,033 1,409 3,624 18,609 6,004 12,606 5,972 6,634 2,397 - - 2,397 3 2,393 16,212 6,004 10,209 5,968 4,241 1. Loans to dealers 2/ 4,019 1,978 2,041 357 1,684 2. Borrowings from dealers 3/ 1,758 1,076 682 114 568 3. Net loans 2,261 902 1,359 243 1,116 a. Purchases b. Sales 7. Total 2-wav transactions 1/ 3 Tntal net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) B. Related transactions with U.S. Government securities dealers 1/ 2/ 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 to repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Note:—Averages of daily figures.
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