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f*AL FEDERAL RESERVE statistical release rbs^ For immediate r e l e a s e November 11, 1977 Reserve P o s i t i o n s of Major Reserve City Banks Reserve Period Ended November 2 , 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 Citv Reserve e x c e s s or d e f i c i e n c y ( - ) 1/ 133 50 Less: 281 — Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2/ 38 banks o u t s i d e New York 5 banks 33 other i n Chicago banks 83 23 60 281 3 278 16,416 5,061 11,355 5,570 5,785 -16,564 -5,011 -11,554 -5,550 -6,004 109.1 89.3 120.7 360.2 74.8 Equals: Net b a s i c reserve 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 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 of r e q u i r e d r e s e r v e s . Adjusted to include $11.7 m i l l i o n waivers 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, 1 9 7 5 . 21 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 . H .5 (a) Federal Funds transactions of Major Reserve City Banks for the Week ended November 2 , 1977 (In millions of dollars) 4 6 banks 8 banks in N e w Y o r k City 3 8 banks outside N e w Y o r k 5 banks in Chicago 3 3 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 22,719 6,304 5,645 584 17,075 5,720 6,875 1,305 10,200 4,415 5,376 584 4,792 1,280 3,512 17,344 5,061 12,283 5,595 6,688 928 25 903 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 928 — 16,416 5,061 11,354 5,570 5,785 1. Loans to dealers 2/ 3,355 1,718 1,637 378 1,259 2. Borrowings from dealers 3/ 2,359 1,016 1,343 288 1,055 996 702 294 90 204 B. Related transactions with U.S. Government securities dealers 3. Net loans V 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