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VoOtJiPwV'. I N D E R A L fill R E S A statistical • f*AL •' V E release For i m m e d i a t e r e l e a s e September 8 , 1978 H.5 Reserve P o s i t i o n s of Major Reserve C i t y Banks Reserve Period Ended A u g u s t 3 0 , 1978 (In m i l l i o n s of d o l l a r s u n l e s s o t h e r w i s e noted) 46 banks 8 banks i n New York C i t y 38 banks o u t s i d e New York 33 o t h e r 5 banks i n Chicago banks Reserve e x c e s s or d e f i c i e n c y ( - ) V/ 131 3 128 Less: 129 66 64 14,334 3,906 10,429 4,356 6,072 -14,333 -3,969 -10,364 -4,349 -6,016 91.4 70.9 102.8 280.0 70.6 Borrowings from Reserve Banks L e s s : Net i n t e r b a n k Federal funds purchases or s a l e s ( - ) 2/ 8 - - 120 64 Equals: Net b a s i c r e s e r v e s u r p l u s or d e f i c i t ( - ) : a. Net amount b. As per c e n t of average r e quired r e s e r v e s 1V 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 $3.8 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 in accordance with Board p o l i c y c h a n g e e f f e c t i v e November 1 9 , 1 9 7 5 . 2/ For d e t a i l s Banks. NOTE: — 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 Averages of d a i l y figures. H.5(a) 4^ F e d e r a l F u n d s t - 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 August 30, 1978 (In m i l l i o n s of d o l l a r s ) » 8 banks in N e w York City 4 6 banks 3 8 b a n k s outside N e w York 5 banks in C h i c a g o 3 3 other banks' A. Interbank Federal f u n d s transactions . 1. Gross transactions a. Purchases b. Sales 22,130 5,453 16,677 5,749 10,929 7,796 1,547 6,249 1,393 4,856 5,680 1,547 4,133 1,392 2,740 16,450 3,906 12,545 4,356 8,188 2,116 - - 2,116 14,335 3,906 10,429 4,356 6,073 1. Loans t o dealers 2 / 2,524 1,657 866 173 694 2. Borrowings f r o m dealers 3 / 2,028 598 1,431 336 1,094 496 1,060 2. Total 2-way t r a n s a c t i o n s 1/ 3. Total net t r a n s a c t i o n s a. Net purchases of net buying b a n k s b. Net sales of net selling banks c. Net purchases or sales (-) r* 2,116 — — B. Related transactions with U.S. G o v e r n m e n t securities dealers >> 3. Net loans ^ V * - 564 - 163 - 401 Derived f r o m averages f o r individual banks for entire w e e k . Figure for each b a n k indicates e x t e n t t o which its weekly average purchases and sales are o f f s e t t i n g ; t h a t is, it is t h e lesser of t h e t w o a m o u n t s . Gross purchases less 2-way transactions equals net purchases of n e t buying banks. Similarly, gross sales less 2-way transactions equals n e t sales of n e t selling banks. + 2/ • Federal f u n d s l o a n e d , n e t f u n d s supplied t o each dealer by clearing banks, repurchase agreements (purchases of securities f r o m dealers s u b j e c t t o resale) or o t h e r lending arrangements. > 3/ Federal f u n d s b o r r o w e d , n e t f u n d s acquired f r o m each dealer by clearing banks, reverse repurchase agreements (sales of securities t o dealers s u b j e c t t o repurchase), resale agreements, and borrowings secured by G o v ' t , or o t h e r issues. f N o t e : — A v e r a g e s of daily figures.
@FedFRASER