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••iiSsr&ti FEDERAL RESERVE s t a t i s t i c a l release For immediate r e l e a s e J u l y 29, 1977 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended J u l y 20, 1977 (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/ 147 Less: 38 banks outside New York 33 other 5 banks in Chicago banks 20 167 228 208 20 18,601 5,847 12,754 6,770 5,985 -18,683 -6,075 -12,608 -6,711 -5,897 121.9 103.5 133.4 439.0 74.4 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2/ 8 banks in New York City - 59 — 108 20 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/ R e s e r v e s h e l d a f t e r a l l adjustments a p p l i c a b l e t o 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 the sum of r e q u i r e d r e s e r v e s . Adjusted t o i n c l u d e $ 2 2 . 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 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 Reserve C i t y 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 2 0 , 1 9 7 7 (In millions of dollars) 46 banks 8 banks in New York City 38 banks outside New York 5 banks ill Chicago 33 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 26,631 8,030 7,685 1,838 18,947 6,192 7,812 1,042 11,135 5,150 6,489 1,838 4,651 1,042 3,609 20,142 5,847 14,295 6,770 7,526 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks 1,541 — — 1,541 — — 1,541 c. Net purchases or sales (-) 18,601 5,847 12,755 6,770 5,985 1. Loans to dealers 2/ 2,906 1,620 1,286 258 1,028 2. Borrowings from dealers 3/ 1,386 643 743 144 599 1,520 977 543 114 429 B. Related transactions with U.S. Government securities dealers 3. Net loans 4 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 v 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. ^ k k Note:—Averages of daily figures. 4 V
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