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. of cOv> ". INDERAL RES#kVE s t a t i s t iForc aimmediate l r e lrelease ease August 11, 19 78 H.5 Reserve P o s i t i o n s of Major Reserve City Banks Reserve Period Ended August 2, 1978 (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 8 banks in New York City 38 banks outside New York 33 other 5 banks i n Chicago banks Reserve excess or d e f i c i e n c y ( - ) 1/ 109 32 77 3 74 Less: 481 327 154 7 147 12,965 2,947 10,018 4,666 5,352 -3,242 -10,095 -4,670 -5,425 56.3 99.6 300.4 63.2 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s (-) 2/ Equals: Net b a s i c reserve 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 after all adjustments applicable to the reporting period including allowable carry-over and deficiencies, less the sum of required reserves. Adjusted to include $4.2 million waivers of penalties for reserve deficiencies in accordance with Board policy change effective November 19, 1975. 2/ For details see Federal Funds Transactions of Major Reserve City Banks. -13,337 83.9 v r NOTE: Averages of daily figures. 'K H.5(a) - i 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 August 2, 1978 (In m i l l i o n s of d o l l a r s ) 4 6 banks 8 banks in N e w York City 3 8 banks outside N e w York 5 banks in Chicago 3 3 other banks A. Interbank Federal f u n d s transactions 1. Gross transactions r a. Purchases b. Sales 2. Total 2-way transactions 1/ 21,816 8,851 4,750 1,803 17,066 7,049 6,283 1,617 10,783 5,431 6,814 1,778 5,036 1,617 3,419 15,002 2,972 12,030 4,666 7,364 2,038 25 2,012 — 2,012 12,965 2,947 4,666 5,352 2,584 1,5.93 991 1,879 872 1,007 705 721 16 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 10,018 B. Related transactions with U.S. Government securities dealers 1. Loans to dealers 2 / k 2. Borrowings f r o m dealers 3 / > 3. Net loans A • 188 804 133 874 55 - 71 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. 21 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 t o dealers subject t o repurchase), resale agreements, and borrowings secured by Gov't, or other issues. * I N o t e : — A v e r a g e s of daily figures. 1- • A.
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