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• v o S ^ . . W - F E D im E R A L R s t a t i s t i c a l E S E R V E r e l e a s e For immediate r e l e a s e July 8 , 197? H.5 Reserve Positions of Major tieserve City Baslktf Reserve Period Ended June 29, 1977 (In m i l l i o n s of dollars unless otherwise noted) 46 banks Reserve excess or d e f i c i e n c y ( - ) 1/ 36 Less: 51 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2/ 8 banks in New York Citv 71 38 banks outside New York 35 33 other 5 banks in Chicago banko 6 4,305 -12,804 -4,234 85.5 73.9 29 51 51 12,789 - 4,994 3,489 -8,570 -5,001 -3,569 92.6 326.7 46.2 8,483 Equals: Net basic reserve surplus or d e f i c i t ( - ) : a. Net amount be As per cent of average required reserves 1/ Reserves 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 period i n c l u d i n g a l l o w a b l e carry-over 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 $ 6 5 . 8 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 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 s e e F e d e r a l Funds Transactions of Major Reserve City Banks. NOTE: — Averages of d a i l y f i g u r e s . 4 + > 4 * < * > H.5(a) Federal 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 n e 2 9 , 1 9 7 7 (In millions of dollars) 4 6 banks 8 banks in New York City 3 8 banks outside N e w York 5 banks iri Chicago 3 3 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 21,551 8,763 5,566 1,261 15,985 7,501 6,122 1,128 9,862 6,373 5,170 1,261 3,909 1,128 2,781 16,381 4,305 12,076 4,994 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 3,593 7,081 3,593 - - 3,593 12,788 4,305 8,483 4,994 3,489 1,905 868 1,038 176 862 2. Borrowings from dealers 3/ '2,235 . 581 1,653 557 1,096 3. Net loans >- 287 B. Related transactions with U.S. Government securities dealers 1. Loans to dealers 2/ 329 - 616 - 381 - 234 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 daily figures.
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