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FEDERAL RESERVE statistical release For immediate r e l e a s e September 30, 1977 Reserve Positions of Major Reserve City Banks Reserve Period Bided September 21, 1977 (In m i l l i o n s of d o l l a r s unless otherwise noted) 46 banks 33 other 5 banks i n Chicago banks 4 1 3 264 199 66 18 48 19,406 7,218 12,188 6,761 5,427 -19,690 -7,441 -12,249 -6,778 -5,472 133.3 139.0 130.1 436.4 69.6 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2/. 38 banks outside New York 24 20 Reserve excess or d e f i c i e n c y ( - ) 1/ Less: 8 banks i n New York City - Equals: Net basic reserve surplus or d e f i c i t ( - ) : a. Net amount b. As per cent of average r e quired 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 of r e q u i r e d r e s e r v e s . A d j u s t e d t o i n c l u d e $ 2 0 . 8 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 accordance w i t h 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 F e d e r a l Funds T r a n s a c t i o n s of Major Reserve C i t y Banks. NOTE: — Averages of d a i l y f i g u r e s . H.5(a) i 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 B a n k s for the Week ended S e p t e m b e r 2 1 , 1977 (In m i l l i o n s of d o l l a r s ) 4 6 banks 8 banks in New York City 3 8 banks outside New York 5 banks ifr Chicago 3 3 other banks V A. Interbank Federal funds transactions jK 1. Gross transactions a. Purchases b. Sales 2. Total 2-wav transactions 1/ - 26,430 7,024 7,808 590 18,622 6,434 7,720 959 4,866 590 4,276 955 3,321 ' ' 21,564 7,218 14,346 6,765 7,581 * — 2,159 4 2,155 7,218 12,187 6,761 5,426 10,902 5,475 ' 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 2,159 19,405 - B. Related transactions with U.S. Government securities dealers r - 1. Loans to dealers 2/ 3,374 2,107 1,267 239 1,028 , 2. Borrowings from dealers 3 / 1,636 1,083 553 108 445 3. Net loans 1,739 1,024 714 131 583 ' 1 w i 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 n e V 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 x 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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