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x of GO% FEDERAL RESERVE statistical release For immediate r e l e a s e LLfl May 1 3 , 1977 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended May 4 , 1977 (In millions of dollars unless otherwise noted) 46 banks - 8 banks in New York Citv 38 banks outside New York 33 other 5 banks in Chicago banks Reserve excess or deficiency (-) 1/ 142 29 113 38 75 ^ Less: 107 54 54 — — 54 ^ Less: Net interbank Federal funds purchases or sales (-) I f 15,076 5,815 9,261 5,410 3,852 -15,042 -5,840 -9,202 -5,372 -3,830 98.1 99.2 97.3 337.8 48.7 - Borrowings from Reserve Banks Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves > 1/ Reserves held a f t e r a l l adjustments applicable 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 o f r e q u i r e d r e s e r v e s . Adjusted to include $66.4 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 a c c o r d a n c e w i t h B o a r d p o l i c y c h a n g e e f f e c t i v e November 1 9 , 1 9 7 5 . 2/ For d e t a i l s Banks. NOTE: — s e e 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 M a j o r R e s e r v e C i t y 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 h a v e b e e n 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 J a n u a r y 14, 1976. For r e v i s e d d a t a see 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) 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 May 4 , 1 9 7 7 (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-wav transactions 1/ 24,040 8,963 6,951 1,136 17,089 7,828 6,600 1,190 10,489 6,638 5,589 1,135 4,454 1,178 3,276 18,450 5,815 12,635 5,421 7,214 3,374 12 3,362 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 3,374 15,077 5,815 9,261 5,410 3,852 1. Loans to dealers 2[ 2,899 1,535 1,364 365 999 2. Borrowings from dealers 3/ 2,029 631 1,398 543 855 870 904 34 178 144 B. Related transactions with U.S. Government securities dealers 3. Net loans - 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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