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FEDERAL > ill! H.5 RESERVE statistical release For immediate r e l e a s e July 15, 1977 Reserve Positions of Major Reserve City Banks Reserve Period Ended July 6, 1977 r*4 (In millions of dollars unless otherwise noted) 46 banks <4 Reserve excess or deficiency ( - ) 1/ Less: 171 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales ( - ) 2/ 3 8 banks in New York City 16 — 38 banks outside New York 188 3 33 other 5 banks in Chicago bank# 34 - - 153 3 14,896 -5,873 9,023 4,874 4,150 -14,728 -5,889 -8,839 -4,840 -3,999 97.4 100.5 95.5 318.3 51.7 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 reporting 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 $50.3 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 . 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 Major Reserve City Banks f o r t h e Week e n d e d J u l y 6 t 1 9 7 7 (In millions of dollars) 46 banks 8 banks in New York City 38 banks outside New York 5 banks in Chicago 3 3 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 23,693 8,797 7,335 1,462 16,358 7,334 5,988 1,114 10,370 6,220 5,822 1,462 4,360 1,114 3,246 17,871 5,873 11,998 4,874 7,124 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 2,974 2,974 — — 2,974 14,897 5,873 9,024 4,874 4,150 1. Loans to dealers 2/ 2.665 1,369 1,296 289 1,008 2. Borrowings from dealers 3/ 1,715 548 1,167 374 793 950 821 129 85 214 B. Related transactions with U.S. Government securities dealers 3. Net loans - V 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 t o repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Note:—Averages of daily figures. ** A
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