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FEDERAL statistical RESERVE release For immediate r e l e a s e , March 18, 1977 H.5 Reserve P o s i t i o n s of Major Reserve City Banks Reserve Period Ended March 9, 1977 (In m i l l i o n s of d o l l a r s u n l e s s otherwise noted) 46 banks * Reserve e x c e s s or d e f i c i e n c y ( - ) 1/ Less: ' Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2/ 124 — — 8 banks in New York City -- 38 banks outs i d e New York 124 —— * " 33 other 5 banks i n Chicago banks 24 mm 100 • mm 18,027 6,353 11,674 6,182 5,492 -17,903 -6,353 -11,550 -6,158 -5,392 125.7 117.1 131.0 408.0 73.8 Equals: Net b a s i c reserve surplus or d e f i c i t ( - ) : > a. Net amount be As per cent of average required r e s e r v e s 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 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 the 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 $ 5 5 . 6 m i l l i o n w a i v e r s o f 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. 2J 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. w > NOTE: 1 * — 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 t h e 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 F u n d s t r a n s a c t i o n s of Major Reserve City Banks for t h e Week ended March 9 , 1 9 7 7 (In millions of dollars) 4 6 banks 8 banks in New York City 3 8 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-wav transactions 1/ 24,478 6,451 7,275 922 17,203 5,529 6,888 706 10,315 4,823 4,864 922 3,942 707 3,235 19,614 6,353 13,262 6,182 7,080 1,588 - - 1,588 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 1,588 - - 18,027 6,353 11,674 6,182 5,492 1. Loans to dealers 2/ 3,489 2,040 1,449 413 1,036 2. Borrowings from dealers 3/ 1,829 822 1,007 412 , 595 3. Net loans 1,660 1,218 442 1 441 B. Related transactions with U.S. Government securities dealers , y 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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