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FEDERAL RESERVE statistical release For immediate r e l e a s e J a n u a r y 7, 1977 Reserve Positions of Major Reserve City Banks Reserve Period Ended December 29, 1976 (In m i l l i o n s of d o l l a r s unless otherwise noted) 46 banks Reserve excess or d e f i c i e n c y ( - ) 1/ Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2/ 8 banks in New York Citv 31 15 • 38 banks outside New York 4 27 mm 15 5 banks 33 other in Chicago banks 9 18 15 16,472 6,410 10,062 5,483 4,579 -16,457 -6,407 -10,050 -5,474 -4,576 106.7 106.1 107.1 350.6 58.5 Equals: Net b a s i c reserve surplus or d e f i c i t ( - ) : a. Net amount b. As per cent of average r e quired reserves 1/ Reserves h e l d a f t e r a l l a d j u s t m e n t s a p p l i c a b l e t o t h e 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 the sum of r e q u i r e d r e s e r v e s . A d j u s t e d t o i n c l u d e $68.2 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 accordance w i t h 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 F e d e r a l Funds T r a n s a c t i o n s of Major Reserve C i t y 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 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 ending January 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. t i http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis L H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week ended D e c e m b e r 2 9 , 1976 (In millions of dollars) 4 6 banks 8 banks in New York City 3 8 banks outside New York 5 hanks in Chicago 3 3 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 24,354 7,882 7,463 1,053 16,891 6,829 6,512 1,029 10,380 5,801 5,191 841 4,350 1,029 3,321 19,164 6,622 12,542 5,483 7,058 2,691 212 2,480 16,472 6,410 10,062 5,483 4,579 1. Loans to dealers 2/ 3,305 1,813 1,492 308 1,183 2. Borrowings from dealers 3/ 2,574 437 2,138 515 1,623 731 1,377 646 2. Total 2-way transactions 1/ 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 2,480 B. Related transactions with U.S. Government securities dealers 3. Net loans - 207 - 439 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 <faily figures.
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