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OV cow F E D E R A L R s t a t i s t i c a l • f*AL Rt^ E S E Rft V E r e l e a s e . For immediate r e l e a s e J u l y 2 1 , 1978 Reserve P o s i t i o n s of Major Reserve City Banks Reserve Period Ended J u l y 12, 1978 H.5 (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) r-» 46 banks Reserve excess or d e f i c i e n c y ( - ) 1/ Less: 60 144 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2/ 8 banks in New York City 7 — 38 banks outs i d e New York 33 other 5 banks in Chicago banks 54 2 52 144 19 125 16,201 4,700 11,501 5,311 6,190 -16,405 -4,707 -11,699 -5,332 -6,367 105.3 82.3 118.6 353.1 76.2 Equals: Net basic reserve surplus or d e f i c i t ( - ) : a. Net amount b. As per cent of average required r e s e r v e s 1/ Reserves held a f t e r a l l adjustments a p p l i c a b l e 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 the 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 $ 4 . 4 million w a i v e r s of 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) F e d e r a l F u n d s t r a n s a c t i o n s of Major R e s e r v e City B a n k s for the Week e n d e d July 12, (In m i l l i o n s of d o l l a r s ) k-> t: 4 6 banks 1978 8 banks in New York City 3 8 b a n k s outside New York 5 banks in Chicago 33 other banks ' A Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 9 Tntal 2-way transactions 1/ 24,235 8,033 5,678 978 18,557 7,055 6,707 1,395 11,850 5,660 5,810 978 4,832 1,395 3,437 18,424 4,700 13,724 5,312 8,413 2,223 - - 2,223 — 2,223 3 Tntal net transactions a. Net purchases of net buying banks * L 4, b. Net sales of net selling banks c. Net purchases or sales (-) 16,201 4,700 11,501 5,312 6,190 1. Loans to dealers 2 / 3,600 2,468 1,131 161 971 2. Borrowings from dealers 3/ 1,288 677 610 51 559 3. Net loans 2,312 1,791 521 110 411 R Related transactions with U.S. Government securities * dealers purchases of net buying banks. Similarly, gross sales less 2-way transactions equals net sales of net selling banks. 2/ 3/ Federal funds loaned, net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject t o 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 t o repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Mote:—Averages of daily figures.
@FedFRASER