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• c\ FEDERAL c. DIE RESERVE s t q ^ i s ^ f i c a l i P.U V 1 j 8 H I V I 1A n r e l e a s e For immediate r e l e a s e February 2 3 , 1979 H.5 Reserve P o s i t i o n e r t H a j o r City Banks Reserve Period Bebrttary 1 4 , 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 Reserve e x c e s s or d e f i c i e n c y ( - ) 1 / Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2/ 4 8 banks i n New York C i t y - 15 116 38 banks o u t s i d e New York 33 other 5 banks i n Chicago banks 19 - 1 116 20 116 16,084 3,093 12,991 6,003 6,989 -16,197 -3,108 -13,088 -6,004 -7,085 91.7 48.5 116.2 345.4 74.4 Equals: Net b a s i c r e s e r v e surplus 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 i 1/ Reserves held a f t e r a l l adjustments applicable to the reporting 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 . A d j u s t e d t o i n c l u d e $ 7 . 2 m i l l i o n w a i v e r s o f 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 accordance 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/ For 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: Averages of d a i l y f i g u r e s . H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week ended February 14, 1979 (In millions of dollars) 8 banks in New York City 23,568 7,483 4,433 1,340 19,135 6,143 7,437 1,435 11,697 4,709 5,908 1,340 4,568 1,378 3,191 17,660 3,093 14,567 6,060 8,507 1,575 - — 1,575 57 1,518 16,085 3,093 12,992 6,003 6,989 1. Loans to dealers 2/ 3,074 1,616 1,458 147 1,311 2. Borrowings from dealers 3/ 1,372 525 847 64 783 3. Net loans 1,702 1,091 611 83 528 38 banks outside New Y ork 5 banks irt Chicago 33 other banks 46 banks A. Interbank Federal funds transactions 1. Gross transactions 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. 21 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