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"ofcow."-. FEDERAL LLfff s t a t i s t i c a l f*AL RES^:- RESERVE r e l e a s e For immediate r e l e a s e November 25, 1977 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended November 16, 1977 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency ( - ) 1/ Less: 38 banks outside New York 5 banks 33 other in Chicago V l i i W 131 60 71 38 33 48 10 38 - 38 20,061 7,391 12,670 6,159 6,512 -19,978 -7,340 -12,638 -6,120 -6,517 129.8 127.5 131.2 400.4 80.4 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2/ 8 banks in New York Citv — Equals: Net basic reserve surplus or d e f i c i t ( - ) : a. Net amount b. As per cent of average required reserves 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 period i n c l u d i n g allowable carry-over and d e f i c i e n c i e s , l e s s the sum of required r e s e r v e s . Adjusted t o include $11.6 m i l l i o n waivers of p e n a l t i e s for reserve 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, 1975. 2/ For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. NOTE: — Averages of d a i l y f i g u r e s . 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 M a j o r R e s e r v e City B a n k s for t h e Week ended November 1 6 , 1977 (In m i l l i o n s of d o l l a r s ) 46 banks f . ;• > • 8 banks in New York City 3 8 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/ 27,820 7,760 8,235 844 19,586 6,916 7,783 1,624 11,803 5,292 6,422 844 5,578 1,607 3,971 21,398 7,391 14,008 6,176 7,832 1,337 17 1,320 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net , selling banks c. Net purchases or sales (-) 1,337 - - 20,061 7,391 12,670 6,159 6,512 1. Loans to dealers 2/ 4,431 2,734 1,697 283 1,415 2. Borrowings from dealers 3/ 1,519 1,103 416 13 403 3. Net loans 2,912 1,631 1,282 270 1,012 B. Related transactions with U.S. Government securities dealers V 2/ Derived from averages for individual banks for entire week. Figure for each bank indicates extent t o 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. Federal funds loaned, net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject t o 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 t o repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Note:——Averages of daily figures.
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