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FEDERAL fill RESERVE statistical ' • f*AL RLS •'' release For immediate r e l e a s e July 1, 1977 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended June 22, 1977 (In millions of dollars unless otherwise noted) 46 banks 8 banks in New York Citv 38 banks outside New York 5 banks 33 other in Chicago banks Reserve excess or deficiency ( - ) 1/ 17 5 21 7 28 Less: 96 57 39 14 25 16,742 5,551 11,191 5,882 5,309 -16,821 -5,612 -11,209 -5,903 -5,306 113.2 99.4 121.7 381.7 69.2 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales ( - ) 2/ 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 applicable to the r e p o r t i n g period including 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 $65.8 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: — Averages of d a i l y f i g u r e s . t H .5 (a) 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 o s o r v o C i t y O n n k s for the Week e n d e d J u n e 2 2 , 1 9 7 7 (In m i l l i o n s of d o l l a r s ) 4 6 banks 3 8 banks outside New York 8 banks in N e w York City 5 banks in Chicago 3 3 other banks A. Interbank Federal f u n d s transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 24,407 7,665 6,878 1,327 17,529 6,337 6,902 1,020 10,627 5,317 5,462 1,327 4,135 1,020 3,115 18,945 5,551 13,394 5,882 7,512 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 2,203 16,742 5,551 B. Related transactions with U.S. Government securities dealers * * 2,203 — ** «• mm 2,203 11,191 5,882 5,309 • 1. Loans t o dealers 2 / 2,895 1,425 1,470 379 1,091 2. Borrowings f r o m dealers 3 / 1,733 720 1,014 401 613 3. Net loans 1,162 705 457 22 479 1/ Derived f r o m averages for individual banks for entire week. Figure for each bank indicates extent t o which its weekly average purchases and sales are offsetting; t h a t 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 f u n d s loaned, net funds supplied t o each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject t o resale) or other lending arrangements. 3/ Federal f u n d s borrowed, net f u n d s acquired f r o m each dealer by clearing banks, reverse repurchase agreements (sales of securities t o dealers subject t o repurchase), resale agreements, and borrowings secured by Gov't, or other issues. N o t e : — A v e r a g e s of daily figures.
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