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r FEDERAL statistical RESERVE release Far immediate release January 27, 1978 Reserve Positions of Major Reserve City Banks Reserve Period Ended January 18, 1978 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) JL/ * Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 8 banks in New York City 38 banks out side New York 33 other 5 banks in Chicago banks 37 21 16 19 3 128 -- 128 29 100 20,198 6,373 13,825 6,654 7,172 -20,290 -6,352 -13,938 -6,663 -7,275 115.9 93.1 130.4 387.7 81.1 Equals: Net basic reserve surplus or deficit (-): a. Net amount i ' b. As per cent of average re quired reserves r iy Y* 2 / 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 $6.1 million waivers of penalties for reserve deficiencies in accordance with. Board policy change effective November 19, 1975. For details see Federal Funds Transactions of Major Reserve City Banks. NOTE: — Averages of daily figures. H.SCa) Federal Funds tran sactio n s o f M ajor Reserve C ity Banks fo r the Week ended January 18, 1978 (In m illio n s o f d o lla rs) 4 6 ban ks 8 b a n ks in N ew Y o r k C it y 3& b a n k s o u t sid e N ew Y o r k 3 3 other banks 5 ban k s in C h icag o -k A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ < w 27,896 7,698 7,297 924 20,599 6,774 7,928 1,274 12,672 5,500 5,511 924 4,587 1,217 3,370 - A+ 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks i 22,385 6,373 16,012 6,710 9,302 2,188 — 2,188 57 2,131 20,198 6,373 13,825 6,654 Vr c. Net purchases or sales (-) , 7,171 » y r B. Related transactions with U.S. Government securities dealers 1. Loans to dealers 2/ 2,912 1,747 1,165 201 965 ”b ' 2. Borrowings from dealers 3/ 1,776 1,168 608 228 379 A 3. Net loans 1,136 579 558 28 585 „ ............... f * 1/ 2/ 3/ Derived from : rages for individual banks for entire week. Figure for each bank indicates extent to which its weekly averager < purchases ar.d 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. a^ a * 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. >■ 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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