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usmm u 21 m m Sep U FEDER [fffl FApi. CLEV SERVE s t a t i s t i c a l r e l e a s e For immediate r e l e a s e September 21, 1979 H.5(507) Reserve P o s i t i o n s of Major Reserve City Banks Reserve Period Ended September 12, 1979 (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 excess or d e f i c i e n c y ( - ) 1/ Less: Borrowings from Reserve Banks Less: Net i n t e r b a n k Federal funds purchases or s a l e s ( - ) 2/ 57 8 banks i n New York City - 38 banks o u t s i d e New York 6 51 - 300 125 25,011 33 o t h e r 5 banks i n Chicago banks - 1 50 175 0 175 7,094 17,917 8,120 9,797 -25,368 -7,225 -18,143 -8,122 -10,022 150.5 126.8 162.6 520.2 104.4 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 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 $ 3 6 . 7 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 change 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 Major R e s e r v e C i t y Banks. NOTE: — Averages of d a i l y f i g u r e s . H .5 (a) Federal Funds transactions of Major Reserve City Banks for the Week ended S e p t e m b e r 1 2 , 1979 (In millions of dollars) 8 banks in New York City 38 banks outside New York 33,098 8,087 8,316 1,222 24,782 6,865 9,407 1,287 15,376 5,579 6,813 1,222 5,591 1,287 4,305 19,191 8,120 11,071 1,274 6 1,274 46 banks 5 banks in Chicago 33 other banks A. Interbank Federal funds transactions 1. Gross transactions 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 (-) 26,286 1,274 . 7,094 ; 25,011 7,094 17,917 8,120 9,797 1. Loans to dealers 2/ 4,780 3,401 1,380 329 1,051 2. Borrowings from dealers 3/ 2,069 821 1,248 52 1,196 3. Net loans 2,712 2,580 132 277 145 B. Related transactions with U S. Government securities dealers 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 net 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 from dealers subject to resale) or other lending arrangements. 3/ Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements (sales of securities to dealers subject to repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Note:-—Averages of daily figures.
@FedFRASER