The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL 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 March 2 5 , 1977 Reserve P o s i t i o n s of Major Reserve City Banks Reserve Period Ended March 16, 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 8 banks In New York City 38 banks o u t s i d e New York 33 other 5 banks i n Chicago banks Reserve e x c e s s or d e f i c i e n c y ( - ) 1/ 49 18 67 44 22 Less: — — - - — - - — Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2 / 18,488 6,894 11,594 6,105 5,489 -18,439 -6,912 -11,527 -6,061 -5,466 125.3 118.7 129.7 401.6 74.1 Equals: Net b a s i c r e s e r v e surplus or d e f i c i t ( - ) : a. Net amount b. As per cent of average r e quired r e s e r v e s 1/ Reserves held 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 t h e sum of r e q u i r e d r e s e r v e s . Adjusted to include $55.6 m i l l i o n waivers of p e n a l t i e s for r e s e r v e d e f i c i e n c i e s in accordance with Board p o l i c y change e f f e c t i v e November 19, 1 9 7 5 . 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 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 . 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 e n d i n g January 14, 1976. For r e v i s e d data see Federal 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 March 1 6 , 1977 (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-way transactions 1/ 25,141 6,653 7,503 609 4,620 609 20,521 6,894 6,850 745 10,788 5,299 4,011 745 3,266 13,627 6,105 7,522 2,034 - - 2,034 17,638 6,044 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 2,034 18,487 6,894 11,593 6,105 5,488 1. Loans to dealers 2/ 4,496 2,480 2,016 460 1,555 2. Borrowings from dealers 3/ 1,671 778 893 393 500 3. Net loans 2,825 1,702 1,123 67 1,056 B. Related transactions with U.S. Government securities dealers 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.
@FedFRASER