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L Li X |TB RESlrVl FEDERAL Ml 5vP s t a t i s t i c a l Of C L E V E L A N D r e s e For immediate r e l e a s e February 9, 1979 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended J a n u a r y 3 1 , 1 9 7 9 (In millions of dollars unless otherwise noted) 46 banks • # 33 other 5 banks in Chicago banks 21 67 17 51 439 272 166 80 86 12^928 2,050 10,878 4,597 6,280 -13,321 -2,344 -10,977 -4,661 -6,316 72.6 35.4 93.6 255.1 63.8 Borrowings from Reserve Banks Less: Net Interbank Federal funds purchases or s a l e s ( - ) 2/ 38 banks outside New York 46 Reserve excess or d e f i c i e n c y ( - ) V Less: 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 1/ Reserves h e l d a f t e r a l l adjustments a p p l i c a b l e t o the r e p o r t i n g period i n c l u d i n g a l l o w a b l e carry-over 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 . Adjusted t o i n c l u d e $ 7 . 4 m i l l i o n waivers of p e n a l t i e s for 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 Federal Funds Transactions of Major Reserve 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 t h e Week ended J a n u a r y 3 1 , 1979 (In millions of dollars) 8 banks in New York City 46 banks 38 banks outside New York 5 banks irt Chicago 33 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-wav transactions 1/ 20,855 7,927 3,674 1,623 17,182 6,304 6,123 1,525 11,059 4,779 6,370 1,449 4,921 1,505 3,417 14,485 2,225 12,260 4,618 7,642 1,558 175 1,383 20 1,362 12,927 2,050 10,877 4,597 6,280 2,987 1,710 209 1,501 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. Loans to dealers 2/ 4,697 . 2. Borrowings from dealers 3/ 1,336 377 959 125 834 3. Net loans 3,361 2,610 751 84 667 ' 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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