The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE statistical release For immediate release June 3, 1977 Reserve Positions of Major Reserve City Banks Reserve Period Ended May 25, 1977 (In m i l l i o n s of d o l l a r s unless otherwise noted) 46 banks 8 banks in New York City 38 banks outside New York 33 other 5 banks in Chicago banks Reserve excess or d e f i c i e n c y ( - ) 1/ 54 23 78 Less: 62 21 41 14,942 5,088 9,854 5,227 4,627 -14,949 -5,133 -9,817 -5,223 -4,594 104.5 93.9 111.0 356.4 62.2 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2/ 4 74 41 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 $ 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 T r a n s a c t i o n s of Major Reserve City Banks. NOTE: — Averages of d a i l y f i g u r e s . S u b s t a n t i a l r e v i s i o n s have been made t o the s e r i e s b e g i n n i n g w i t h p e r i o d ending January 14, 1976. For r e v i s e d d a t a s e e F e d e r a l Reserve B u l l e t i n , A p r i l 1976. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week ended May 25, 1977 > (In m i l l i o n s o f d o l l a r s ) v- y 46 banks 8 banks in New York City 38 banks outside New York 5 banks in Chicago h* 33 other banks >- A. Interbank Federal funds transactions r 1. Gross transactions ' >*- a. Purchases b. Sales 22,870 7,929 6,659 1,572 16,211 6,357 6,246 1,018 9,965 5,339 5,619 1,571 4,048 1,018 3,030 2. Total 2-way transactions 1/ * V 3. Total net transactions a. Net purchases of net buying banks 17,251 b. Net sales of net selling banks 2,309 c. Net purchases or sales (-) 14,942 5,088 - - 5,088 12,163 5,228 2,309 - - 5,228 9,854 > 6,936 2,309 4,627 B. Related transactions with U.S. Government securities dealers tr 1. Loans to dealers 2/ 2,930 1,590 1,340 244 1,096 2. Borrowings from dealers 3/ 2,770 1,097 1,674 600 1,073 160 494 334 356 22 3. Net loans - > y- V V Derived from averages for individual banks for entire week. Figure for each bank indicates extent to which its weekly average v 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. v • 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. v Note:—Averages of daily figures. b *
@FedFRASER