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FEDERAL

RESERVE

statistical

release

f*4L RE^

For immediate r e l e a s e
September 2 2 , 1978

H.5

Reserve P o s i t i o n s of Major Reserve City Banks
Reserve Period Ended September 13, 1978

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DO NOT REMOVE

(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
Reserve e x c e s s or d e f i c i e n c y ( - ) V
Less:

8 banks i n
New York C i t y

38 banks o u t s i d e New York

33 other
5 banks
i n Chicago banks

41

2

40

22

18

18,905

5,504

13,402

5,593

7,809

-18,864

-5,502

-13,362

-5,571

-7,791

120.8

98.8

133.0

353.5

92.0

Borrowings from Reserve Banks

Less: Net interbank Federal funds
purchases or s a l e s ( - ) 2/
Equals: Net b a s i c r e s e r v e 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

1J

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
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 $3.6 m i l l i o n
waivers of p e n a l t i e s for 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 change e f f e c t i v e November 19, 1 9 7 5 .

2/

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 F u n d s t r a n s a c t i o n s of Major Reserve City Banks
for the Week e n d e d S e p t e m b e r
(In millions of dollars)

4 6 banks

8 banks in
New York City

13,

1978

-A

3 8 banks outside N e w York

5 banks
in Chicago

3 3 other
bank

Vl

A. Interbank Federal funds
transactions
1. Gross transactions
a. Purchases
b. Sales
2. Total 2-way transactions 1/

25,096
6,191

6,067
564

19,029
5,627

6,918
1,325

12,111
4,302 -

5,380

564

4,816

1,325

3,491

19,717

5,504

14,213

5,593

8,620

3. Total net transactions
a. Net purchases of net
buying banks
b. Net sales of net
selling banks
c. Net purchases or sales
(-)

811
18,905

—

5,504

811
13,402

8V.
5,593

7,800t*

B. Related transactions with
U.S. Government securities
dealers

4

1. Loans to dealers 2/

5,342

3,300

2,042

247

1,795"

2. Borrowings from dealers 3/

1,421

848

574

196

378

3. Net loans

3,921

2,453

1,468

51

1,417
4

41/

Derived from averages for individual banks for entire week. Figure for each bank indicates extent to which its weekly averag
purchases and sales are offsetting; that is, it is the lesser of the two amounts. Gross purchases less 2-way transactions equals ni
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 ftoi
dealers subject to resale) or other lending arrangements.
A

3/

Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements (sales of securfti
to dealers subject to repurchase), resale agreements, and borrowings secured by Gov't, or other issues.

Note:—Averages of daily figures.




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