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> • of C°W'. FEDERAL RESERVE statistical release For immediate release August 4, 1978 r H. 5 Reserve P o s i t i o n s of Major Reserve City Banks Reserve Period Ended July 26, 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 Reserve e x c e s s or d e f i c i e n c y ( - ) 1/ Less: 38 banks outs i d e New York 5 banks 33 other in Chicaco 7 13 6 9 4 114 9 105 __ 105 12,827 2,817 10,011 4,402 5,608 -12,949 -2,839 -10,110 -4,393 -5,717 81.1 48.9 99.6 279.8 66.6 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2/ 8 banks i n New York Citv Equals: Net basic reserve surplus or d e f i c i t ( - ) : a. Net amount b. As per cent of average required reserves 1J 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 $4.4 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. NOTE: -- Averages of daily figures. -a 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 July 26, 1978 (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 out side New York 5 banks in Chicago 33 other banks A. Interbank Federal f u n d s transactions • 1. Gross transactions a. Purchases b. Sales I 21,181 4,426 16,755 1,609 6,744 5,937 1,535 10,818 8,354 6,172 1,529 4,643 1,535 3,108 15,009 2,897 12,112 4,402 7,710 2,182 80 2,102 12,827 2,817 10,011 4,402 5,608 1. Loans t o dealers 2 [ 3,051 1,859 1,193 296 897 2. Borrowings f r o m dealers 3 / 2,550 866 1,684 309 1,375 502 993 2. Total 2-way transactions 1/ 5,210 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) -r ? I: 2,102 mm mm B. Related transactions with U.S. G o v e r n m e n t securities dealers 3. Net loans - 491 - 13 - 478 1. ..X A II Derived f r o m averages for individual banks for entire week. Figure for each bank indicates e x t e n t t o which its weekly average purchases and sales are o f f s e t t i n g ; t h a t is, it is t h e lesser of the t w o a m o u n t s . Gross purchases less 2-way transactions equals net purchases of n e t buying banks. Similarly, gross sales less 2-way transactions equals net sales of net selling banks. 2/ Federal f u n d s loaned, net f u n d s supplied t o each dealer by clearing banks, repurchase agreements (purchases of securities f r o m dealers s u b j e c t t o resale) or o t h e r lending arrangements. 3/ Federal f u n d s b o r r o w e d , net f u n d s acquired f r o m each dealer by clearing banks, reverse repurchase agreements (sales of securities t o dealers s u b j e c t t o repurchase), resale agreements, and borrowings secured by Gov't, or o t h e r issues. > ~ I v T N o t e : — A v e r a g e s of daily figures.
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