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o Of Gov/' • F E D E R A L R s t a t i s t i c a l E S E R V E r e l e a s e For immediate release: December 1, 1978 H. 5 Reserve Positions of Major Reserve City Banks Reserve Period Ended November 22, 1978 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) 1/ 203 Less: Net interbank Federal funds purchases or sales (-) 2/ 38 banks outside New York 4 38 Borrowings from Reserve Banks Less: 8 banks in New York City - 206 - 38 2,523 14,413 6,194 8,22C 14,657 -6,400 -8,257 125.1 307.7 85.7 - 16,936 207 5 banks 33 othes in Chicago banks — 38 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves -17,176 94.5 - 2,519 39.0 - 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 $7.8 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. ( H.5(a) Federal F u n d s t r a n s a c t i o n s o f M a j o r Reserve C i t y Banks f o r t h e Week e n d e d N o v e m b e r 2 2 , 1 9 7 8 (In m i l l i o n s o f d o l l a r s ) 4 6 banks 8 banks in New York City 3 8 banks outside N e w Y o r k 5 banks in Chicago * k <- A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 24,077 7,141 4,785 2,262 19,293 4,879 7,363 1,169 5,336 1,246 4,089 1,169 41 3 v- \ 2 ¥ 3. Total net transactions •A a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 18,742 3,538 15,203 1,806 1,016 790 16,936 2,523 14,413 6,194 r • 9 - - 6,194 B. Related transactions w i t h . U.S. Government securities dealers 1 1. Loans t o dealers 2 / 4,123 2,524 1,598 214 2. Borrowings f r o m dealers 3/ 2,005 633 1,372 173 3. Net loans 2,118 1,891 226 "41 r a'I • ] V A -V * 1/ 2/ Derived f r o m averages for individual banks for entire week. Figure for each bank indicates extent to which its weekl purchases and sales are offsetting; that is, it is the lesser of the t w o amounts. Gross purchases less 2 way transactions < purchases of net buying banks. Similarly, gross sales less 2-way transactions equals net sales of net selling banks. Federal funds loaned, net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of se*uF 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 t o 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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