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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 FILE COPY 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. -*• -