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t - FEDERAL i m s t a t i s t i c a l RESERVE r e l e a s e For immediate r e l e a s e J u l y 2 2 , 1977 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended J u l y 1 3 , 1 9 7 7 (In millions of dollars unless otherwise noted) t 46 banks 109 Reserve excess or d e f i c i e n c y ( - ) 1/ Less: k ( V 26 Borrowings from Reserve Banks Less: Net Interbank Federal funds purchases or s a l e s ( - ) 2/ 8 banks in New York City 38 banks outside New York 66 43 7 50 — 26 25 1 33 other 5 banks in Chicago banks 20,249 7,698 12,551 6,552 5,999 -20,166 -7,632 -12,534 -6,583 -5,950 136.4 135.2 137.1 449.6 77.5 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 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 . A d j u s t e d t o i n c l u d e $ 2 2 . 3 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 change e f f e c t i v e November 19, 1975. 2/ F o r d e t a i l s s e e F e d e r a l Funds T r a n s a c t i o n s of Major R e s e r v e C i t y Banks. NOTE: — A v e r a g e s of d a i l y f i g u r e s . • r 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 Reserve City Banks f o r t h e Week e n d e d J u l y 1 3 , 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 33 other banks ' A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-wav transactions 1/ 27,180 8,427 18,753 7,444 11,310 6,930 728 6,202 892 5,310 4,971 728 4,243 892 3,351 i 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 22,209 7,698 14,511 6,552 1,960 1,960 1,960 7,959 20,249 7,698 12,551 6,552 5,999 3,233 1,937 1,296 385 911 998 524 475 53 422 2,235 1,414 822 332 489 \ B. Related transactions with U.S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans > 1/ Derived from averages for individual banks for entire week. Figure for each bank indicates extent to which its weekly average 1 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. I Note —Averages of daily figures. i >i A
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