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FEDERAL RESERVE statistical release For immediate release February 17, 1978 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended February 8, 1978 (In millions of dollars unless otherwise noted) 46 banks 8 banks in New York City 38 banks out side New York 33 other 5 banks in Chicago banks 20 127 — 206 Reserve excess or deficiency (-) 1/ 170 23 146 Less: 221 14 206 18,143 5,065 13,077 5,926 7,152 -18,193 -5,056 -13,137 -5,906 -7,231 115.2 83.2 135.2 379.4 88.6 Borrowings from Reserve Banks Less: Net Interbank Federal funds purchases or sales (-) 2/ . Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average re quired reserves 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 $5.6 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. Federal Funds transactions o f M ajor Reserve C ity Banks fo r the Week ended February 8, 1978 (In m illio n s o f dollars) 46 banks 8 banks in New Y o rk C ity 3 8 banks ou t side N ew Y o rk 5 banks in Chicago 33 other banks A. Interbank Federal funds transactions 1. Gross transactions 25,246 7,103 6,432 1,367 18,814 5,737 7,063 1,138 11,751 4,599 5,671 1,194 4,478 1,118 3,360 19,575 5,238 14,336 5,946 8,391 1,432 173 1,259 20 1,239 18,143 5,065 13,077 5,926 7,152 1. Loans to dealers 2/ 3,719 2,283 1,436 253 1,184 2. Borrowings from dealers 3/ 2,091 1,068 1,023 230 793 3. Net loans 1,628 1,215 413 23 391 a. Purchases b. Sales 2. Total 2-wav 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 (-) B. Related transactions with U.S. Government securities dealers 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. 2/ 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.
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