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<sof cow. •. C > FEDERAL lit) s t a t i s t i c a l RESERVE r e l e a s e For immediate r e l e a s e O c t o b e r 6 , 1978 H. 5 Reserve Positions of Major Reserve Cify Banks Reserve Period Ended S e p t e m b e r 2 7 , 1 9 7 8 (In millions of dollars unless otherwise noted) 46 banks 8 banks in New York City 38 banks outside New York Reserve excess or deficiency (-) 1/ 136 27 109 Less: 202 99 104 14,917 5,050 9,867 -14,983 -5,122 -9,861 93.9 89.9 96.1 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 33 othei 5 banks in Chicago banks 74 35 104 4,998 4,870 -4,924^ -4,938 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves V 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 o f 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 $ 3 . 6 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 a c c o r d a n c e w i t h Board p o l i c y c h a n g e e f f e c t i v e November 19, 1975. 2/ F o r 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 M a j o r 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 . 325.8 56.4 H .5 (a) 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 t h e Week e n d e d S e p t e m b e r 2 7 , 1 9 7 8 (In m i l l i o n s of d o l l a r s ) A. Interbank Federal funds transactions * ^ 5 banks in Chicago 33 oti bgnl 17,409 7,542 6,175 1,178 11,: 4,325 1,178 4 6 banks 8 banks in New York City 3 8 banks outside New York 23,266 8,350 5,858 808 5,133 808 7 1. Gross transactions -j a. Purchases b. Sales 2. Total 2-wav transactions 1/ 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) J 18,134 5,050 4,997 13,084 3,: 3,218 3,218 4 14,916 5,050 4,997 9,867 B. Related transactions with U.S. Government securities dealers 4 71 r r f 1 1. Loans t o dealers 2 / 3,005 1,848 1,157 166 2. Borrowings f r o m dealers 3/ 2,574 539 2,036 727 431 1,309 878 3. Net loans * - < 561 4. 4 * 1 A"-' 1/ Derived from averages for individual banks for entire week. Figure for each bank indicates extent to which its weekly ax purchases and sales are offsetting; that is, it is the lesser of the two amounts. Gross purchases less 2-way transactions eqtia 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 securi##) dealers subject t o resale) or other lending arrangements. M ^ 3/ Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements (sales of sett A 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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