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• 'j\ O cow f FEDERAL RESERVE s t a t i s t i c a l release \"' (fin For immediate r e l e a s e J u l y 2 0 , 1979 H.5(507) 0U - u0 Reserve P o s i t i o n s of Major Rest i Reserve City Banks Reserve Period Ended J u l y 11, 1979 ' 'ELAND (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: 38 banks o u t s i d e New York 33 o t h e r 5 banks i n Chicago banks 31 6 25 21 46 285 29 256 — — 256 23,670 7,082 16,588 7,965 8,623 -23,986 -7,116 -16,869 -7,944 -8,926 145.5 126.5 155.3 519.2 95.7 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 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 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 . Adjusted to include $ 6 . 4 m i l l i o n waivers of p e n a l t i e s for reserve d e f i c i e n c i e s in accordance with 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 1 1 , 1979 (In millions of dollars) 46 banks 8 banks in New York City 38 banks outside New York 5 banks in Chicago 33 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 31,723 8,053 7,905 823 23,819 7,231 9,327 1,363 14,491 5,868 6,786 823 5,964 1,355 4,608 24,937 7,082 17,855 7,972 9,883 1,267 7 1,260 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 1,267 23,670 7,082 16,588 7,965 8,623 1. Loans to dealers 2/ 4,919 3,478 1,441 387 1,055 2. Borrowings from dealers 3/ 1,344 633 711 28 683 3. Net loans 3,575 2,844 731 359 372 B. Related transactions with U.S. Government securities dealers V 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