The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE s t a t i s t ! eg I r e l e a s e For immediate release September 23, 1977 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended September 14, 1977 (In millions of dollars unless otherwise noted) 46 banks 210 Reserve excess or deficiency (-) 1/ Less: 5 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 21,174 8 banks in New York City 100 — 8,090 38 banks outside New York 110 5 33 other 5 banks in Chicago banks 39 , -- 71 5 13,084 7,035 6,048 -12,979 -6,997 -5,982 138.4 448.6 76.5 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves 1/ Reserves held after all adjustments applicable to the reporting period including allowable carry-over and deficiencies, less the sum of required reserves. Adjusted to include $20.8 million waivers of penalties for reserve deficiencies in accordance with Board policy change effective November 19, 1975. 2/ For details see Federal Funds Transactions of Major Reserve City Banks. NOTE: — -20,968 141.1 Averages of daily figures. -7,990; 145.7 H.5(a) *• V ^ - s a ^ -* « - • v ' V- r ^ " r* i * >1* 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 Reserve City B a n k s f o r t h e Week e n d e d S e p t e m b e r 1 4 , 1 9 7 7 (In millions of dollars) ) .4 \ 46 banks 8 banks in New York City 3 8 banks outside New York 5 banks in Chicago 3 3 other banks t 11,456 1 5,408 * A. Interbank Federal funds transactions 1. Gross transactions a. Purchases ; b. Sales 2. Total 2-way transactions 1/ 28,075 6,902 8,744 654 19,331 6,248 7,875 840 4,984 654 4,330 838 3,492 3. Total net transactions a. Net purchases of net buying banks = b. Net sales of net selling banks A > 23,091 8,090 1,917 15,001 7,037 1,917 2 1,915 13,084 7,035 6,049 7,964 " c. Net purchases or sales (-) 21,174 8,090 > r B. Related transactions with U.S. Government securities dealers . T r ) 1. Loans to dealers 2/ 4,138 2,439 1,699 330 1,369 2. Borrowings from dealers 3/ 1,865 899 966 312 654 3. Net loans 2,273 1,540 734 18 t- . 715 J. J 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 f r o r r / k 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 Ax to dealers subject to repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Note:—Averages of daily figures. *
@FedFRASER