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F#D ERA L RESERVE s t a t i s t i c a l For r e l e a s e immediate r e l e a s e August 25, 1978 Reserve Positions of Major Reserve City Banks Reserve Period Ended A u g u s t 16, 1978 (In millions of dollars unless otherwise noted) 46 banks R e s e r v e e x c e s s o r d e f i c i e n c y ( - ) 1/ Less: 71 ~ 3 3 38 b a n k s o u t s i d e New York 104 33'other 5 banks i n Chicago b a n k s 2 102 212 36 176 16,804 5,877 10,927 4,618 6,309 -16,945 -5,946 -10,999 -4,616 -6,383 106.2 101.3 109.1 296.4 74.9 B o r r o w i n g s from R e s e r v e Banks less: Net i n t e r b a n k F e d e r a l f u n d s purchases or s a l e s ( - ) 2/ 8 banks i n New York C i t y — 176 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 ( - ) : ' y 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 . Adjusted to include $3.8 million 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 daily figures. 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 the Week ended A u g u s t 1 6 , (In m i l l i o n s of d o l l a r s ) 1978 8 banks in New York City 3 8 banks outside New York 24,010 7,206 6,703 826 5,690 18,321 4 6 banks 5 banks in Chicago 3 3 oth&r 17,308 6,381 6,150 1,532 11,157 4,848 825 4,864 1,533 3,332 5,877 12,443 4,618 7,825 banks » A. Interbank Federal funds transactions 1. Gross transactions ^ a. Purchases b. Sales 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 (-) 1,517 — — 1,517 1,517 16,804 5,877 10,927 4,618 6,309 1. Loans to dealers 2 / 3,396 2,444 953 223 730 2. Borrowings from dealers 3 / 1,399 746 653 106 547 3. Net loans 1,997 1,697 300 117 183 t B. Related transactions with U.S. Government securities dealers • r 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. x ?/ 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