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FEDERAL RESERVE statistical release E For immediate r e l e a s e May 2 0 , 1977 H.5 Reserve P o s i t i o n s of Major Reserve City Banks Reserve Period Ended May 11, 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 i n 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/ 20 Less: 31 25 6 Less: Net interbank Federal funds purchases or s a l e s ( - # 2/ 18,142 7,329 10,813 5,883 4,930 Equals: Net b a s i c r e s e r v e surplus or d e f i c i t ( - ) : - -18,193 -7,349 - 10,843 -5,896 -4,948 121.7 128.2 117.7 388.4 64.3 Borrowings from Reserve Banks 5 24 a. Net amount b. As per cent of average r e quired 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 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 $66.2 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: — 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 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 January 14, 1 9 7 6 . For r e v i s e d d a t a s e e F e d e r a l R e s e r v e B u l l e t i n , A p r i l 1976. 12 - - 12 6 H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week ended May 1 1 , 1977 (In millions of dollars) 46 banks 8 banks in New York City 38 banks outside New York 5 banks ih Chicago 33 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-wav transactions 1/ 25,762 7,620 8,249 920 17,513 6,700 6,780 897 10,733 5,803 5,026 920 4,106 897 3,209 20,736 7,329 13,407 5,883 7,523 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks • 2,594 — — 2,594 - - 2,594 18,142 7,329 10,183 5,883 4,930 1. Loans to dealers 2/ 2,914 1,569 1,345 295 1,050 2. Borrowings from dealers 3/ 2,091 849 1,243 512 731 822 721 102 217 319 c. Net purchases or sales (-) 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.
@FedFRASER