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•^ofcow-V. FEDERAL Uffl statistical release For immediate r e l e a s e Hay 3 H u s AH I S P r i l 27> 1 9 7 9 Reserve P o s i t i o n s of Major R e s e r v e C i t y Banks Reserve PeriodHBttded A p r i l 1 8 , 1979 BANK Or CLEVELAND ( 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 ) H.5 ( 5 0 7 ) A 46 banks Reserve e x c e s s o r d e f i c i e n c y ( - ) 1/ Less: RESERVE 38 b a n k s o u t s i d e New York 33 o t h e r 5 banks i n Chicago banks 60 52 8 7 1 307 172 135 64 71 21,461 5,344 16,117 7,073 9,044 -21,707 -5,463 -16,245 -7,130 -9,114 121.3 84.9 141.8 383.9 95.0 Borrowings from R e s e r v e Banks L e s s : Net i n t e r b a n k F e d e r a l f u n d s p u r c h a s e s o r s a l e s ( - ) 2/ 8 banks i n New York C i t v E q u a l s : 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 p e r c e n t of a v e r a g e r e quired reserves !_/ 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 $ 7 . 4 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 B o a r d 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/ For d e t a i l s Banks• NOTE: — s e e 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 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 M a j o r Reserve City Banks for t h e Week e n d e d A p r i l 1 8 , 1 9 7 9 (In millions of dollars) 46 banks 8 banks in New York City 3 8 banks outside New York 5 banks in Chicago 33 other banks A. Interbank Federal funds transactions 1. Gross transactions 27,904 6,443 6,653 1,309 21,251 5,134 8,241 1,169 13,010 3,965 5,976 1,310 4,667 1,132 3,535 21,928 5,344 16,584 7,109 9,475 467 —— 467 36 431 21,461 5,344 16,117 7,073 9,045 1. Loans to dealers 2/ 4,186 1,872 2,314 618 1,696 2. Borrowings from dealers 3/ 1,498 539 959 25 934 3. Net loans 2,688 1,333 1,355 593 762 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 (-) B. Related transactions with U.S. Government securities dealers V 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.
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