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\ LIBRA"' F E D E R A . mu . tiki . «Riii®E5R V E FLuLi.,., s t a 1 1 s 1 1 Qiail f*4L RB^.. •' H.5 (507) -_4KVh s e of For immediate r e l e a s e S e p t e m b e r 2 8 , 1979 Reserve P o s i t i o n s o f Major Reserve C i t y Banks Reserve Period Ended S e p t e m b e r 1 9 , 1979 ( I n 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 n o t e d ) 46 banks Reserve e x c e s s or d e f i c i e n c y ( - ) 1 / Less: 38 banks o u t s i d e New York 62 16 45 692 0 21,822 33 o t h e r 5 banks i n Chicago banks 14 59 692 343 349 5,791 16,032 6,922 9,110 -22,453 -5,774 -16,678 -7,278 -9,400 131.8 104.2 145.1 442.5 95.5 Borrowings from Reserve Banks L e s s : Net i n t e r b a n k F e d e r a l funds purchases or s a l e s ( - ) 2/ 8 banks i n New York C i t y - 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 o f a v e r a g e r e quired r e s e r v e s V Reserves held a f t e r a l l adjustments applicable to the reporting 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 include $ 3 6 . 7 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/ 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 o f 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 . # 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 . anks for the Week ended S e p t e m b e r 1 9 , 1 9 7 9 (In m i l l i o n s of d o l l a r s ) 46 banks 8 banks in New York City 3 8 banks outside New York 5 banks in Chicago 3 3 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 30,764 8,941 7,745 1,955 23,018 6,987 8,403 1,481 14,615 5,506 6,280 1,208 5,072 1,481 3,591 24,484 6,538 17,946 6,922 11,024 2,661 747 1,914 0 1,914 21,822 5,791 16,032 6,922 9,110 1. Loans to dealers 2 / 3,581 2,408 1,173 198 975 2. Borrowings from dealers 3 / 2,418 1,339 1,078 12 1,067 3. Net loans 1,163 1,068 95 187 92 2. Total 2-way 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 (-) 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 t o 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 t o repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Note:—Averages of daily figures.
@FedFRASER