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c- FEDERAL Lffli statistical For immediate r e l e a s e J u l y 13, 1979 RB^V H.5(507) RESERVE release Reserve P o s i t i o n s of Major Reserve City Banks j J Reserve Period Ended J u l y 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 n&ieid) 46 banks # 38 banks outs i d e New York , L, j:,J ' -LAND 33 other 5 banks i n Chicago banks Reserve e x c e s s or d e f i c i e n c y ( - ) !_/ 297 63 234 71 163 Less: 828 413 416 181 234 19,195 5,833 13,362 6,541 6,821 -19,726 -6,183 -13,543 -6,652 -6,892 115.5 103.5 121.9 423.0 72.3 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2 / # 8 banks i n New York C i t y i 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 o f average r e quired r e s e r v e s # 1/ Reserves held a f t e r a l l adjustments applicable to the r e p o r t i n g 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 $6.6 million 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, 1 9 7 5 . 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 J u l y 4 , 1979 (In millions of dollars) 4 6 banks 8 banks in New York City 3 8 banks outside New York 5 banks in Chicago 3 3 other banks A. Interbank Federal funds transactions 1. Gross transactions 29,014 9,819 6,999 1,166 22,015 8,653 8,033 1,491 13,982 7,161 6,716 1,057 5,659 1,491 4,168 22,298 5,942 16,356 6,541 9,814 3,102 109 2,993 - - 2,993 19,196 5,833 13,363 6,541 6,821 1. Loans to dealers 2/ 3,628 2,165 1,463 291 1,172 2. Borrowings from dealers 3/ 1,868 628 1,240 89 1,150 3. Net loans 1,760 1,537 224 202 22 a. Purchases b. Sales 2. Total 2-way 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.
@FedFRASER