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. V. Of COVr * ER A L R E S A V E Lffll s t a tiiS t i c a I r e l e a s e " For immediate r e l e a s e J a n u a r y 2 8 , 1977 ' • .. . ,, •, >.-*« a- | Reserve P o s i t i o n s of Major R e s e r v e . C l t y Banks Reserve Period Ended jj JANUARY li9, 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 ) H.5 : , -1 Reserve e x c e s s o r d e f i c i e n c y ( - ) 1 / Less: ' b)S. H Borrowings from R e s e r v e Banks L e s s : Net i n t e r b a n k F e d e r a l f u n d s purchases or s a l e s ( - ) 2/ 46 banks 516 8 banks i n New York C i t y 71 ' 33 o t h e r 5 banks In Chicago banks 38 banks o u t s i d e New York 587 ' , . , 15 572 9 25 63 29 34 20,085 7,145 12,940 6,164 6,776 -19,631 -7,244 -12,387 -6,158 -6,229 119.3 105.9 129.0 367.0 78.6 E q u a l 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 ( - ) : a. Net amount b. As p e r c e n t of a v e r a g e r e quired reserves V Reserves held a f t e r a l l adjustments applicable to the r e p o r t i n g p e r i o d i n c l u d i n g a l l o w a b l e c a r r y - o v e r and d e f i c i e n c i e s , l e s s t h e 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 w a i v e r s of p e n a l t i e s f o r r e s e r v e d e f i c i e n c i e s i n a c c o r d a n c e w i t h Board p o l i c y c h a n g e e f f e c t i v e November 1 9 , 1 9 7 5 . 2/ For d e t a i l s Banks. NOTE: -- s e e 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 A v e r a g e s 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 h a v e b e e n made t o t h e s e r i e s b e g i n n i n g w i t h p e r i o d e n d i n g J a n u a r y 14, 1976. For r e v i s e d d a t a see F e d e r a l Reserve B u l l e t i n , A p r i l 1976. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week ended J a n u a r y 1 9 , 1 9 7 7 (In millions of dollars) 46 banks 8 banks in New York City 38 banks out- 1 side 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/ 25,972 5,887 7,801 656 18,171 5,231 7,025 862 11,145 4,369 5,031 656 4,375 846 3,528 20,941 7,145 13,796 6,179 7,617 856 15 841 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 856 - - 20,085 7,145 12,940 6,164 6,776 1. Loans to dealers 2 / 3,721 2,108 1,613 392 1,221 2. Borrowings from dealers 3/ 1,426 691 735 190 545 3. Net loans 2,295 1,417 879 202 676 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.
@FedFRASER