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FEDERAL statistical f*4L Rfc^ RESERVE release Reserve Positions of Major Reserve City Banks Reserve Period Ended February 2, 197/ For immediate r e l e a s e , February 11, 1977 (In millions of dollars unless otherwise noted) 46 banks 8 banks in New York Citv Reserve excess or deficiency (-) 1/ 13 23 Less: 37 37 14,175 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales ( - ) 2/ 38 banks out- 5 banks i* nu 33 other C CADn w hu ii w axu 36 13 24 4,233 9,942 5,506 4,436 -14,199 -4,293 -9,905 -5,494 -4,412 92.8 70.9 107.1 352.6 57.4 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 t o 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 r e q u i r e d r e s e r v e s . Adjusted to include $56.6 m i l l i o n waivers of p e n a l t i e s f o r reserve d e f i c i e n c i e s in accordance with Board policy change e f f e c t i v e November 19, 1975. 2/ For d e t a i l s see F e d e r a l Funds Transactions of Major Reserve Citv1 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 been made to the s e r i e s beginning with period ending January 14, 1976. 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. 4 H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week ended February 2, 1977 (In millions of dollars) 46 banks 8 banks in New York City 38 banks outside New York 5 banks in Chicago 33 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-wav transactions 1/ 21,637 7,462 5,557 1,324 16,080 6,138 6,280 774 9,800 5,364 5,564 1,324 4,240 743 3,497 16,073 4,233 11,840 5,537 6,303 1,898 31 1,868 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 1,898 - - 14,175 4,233 9,942 5,506 4,436 1. Loans to dealers 2/ 3,060 1,671 1,390 333 1,057 2. Borrowings from dealers 3/ 1,864 765 1,100 257 842 3. Net loans 1,196 906 290 75 215 B. Related transactions with U.S. Government securities dealers 1/ 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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