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LIBRARY F E D E R M i o 9R2HSE R V E S t a t i S l4HKOFlCLEfE6AW O S 6 For immediate r e l e a s e August 3 1 , 1979 Reserve P o s i t i o n s of Major Reserve C i t y Banks Reserve Period Ended August 2 2 , 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 33 o t h e r 5 banks in Chicago banks 39 0 0 0 318 14 304 0 304 20,972 5,378 15,595 8,130 7,465 -21,251 -5,353 -15,898 -8,130 -7,768 124.6 92.0 141.4 514.4 80.4 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/ 38 banks o u t s i d e New York 39 Reserve excess or d e f i c i e n c y ( - ) 1/ Less: 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 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: - A v e r a g e s 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 Reserve City B a n k s f o r t h e Week e n d e d A u g u s t 2 2 , 1 9 7 9 (In millions of d o l l a r s ) 4 6 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 28,941 7,969 6,225 . 847 22,716 7,121 9,535 1,405 13,182 5,717 5,846 ' 847 4,998 1,405 3,594 23,095 5,377 17,718 8,130 9,588 2,123 0 2,123 0 2,123 20,972 5,377 15,595 8,130 7,465 1. Loans to dealers 2/ 3,246 2,199 1,048 184 864 2. Borrowings from dealers 3/ 2,240 667 1,572 42 1,531 3. Net loans 1,007 1,532 525 142 667 a. Purchases '• b. Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. Net purchases of net I buying banks: b. Net sales of net i selling banks • d. Net purchases or sales ! u # 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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