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!yi FEDERAL | statistical iu t' 1 : 1 v RESERVE For Immediate r e l e a s e J u l y 6 , 1979 release H.5 (507) Reserve Positions of Major Reserve City Banks Reserve Period E n d e d June 27, 1979 (In m i l l i o n s of dollars unless otherwise noted) 46 banks Borrowings from Reserve Banks Less: Net Interbank Federal funds purchases or s a l e s ( - ) 2/ 38 banks outside New York 33 other 5 banks in Chicago banks 53 23 30 15 14 356 59 298 102 196 17,069 4,804 12,265 6,026 6,239 -17,372 -4,839 -12,533 -6,112 -6,421 105.2 85.5 115.5 410.4 68.6 Reserve excess or d e f i c i e n c y ( - ) 1/ Less: 8 banks in New York City 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 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 $ 6 . 9 m i l l i o n 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 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 F u n d s t r a n s a c t i o n s of Major Reserve City Banks f o r t h e Week e n d e d J u n e 2 7 , 1 9 7 9 (in millions of dollars) 4 6 banks 8 banks in New York City 3 8 banks out. side New York 5 banks in Chicago 3 3 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-wav transactions 1/ 26,009 8,941 5,788 984 20,221 7,957 7,581 1,555 12,640 6,401 5,584 984 4,601 1,555 3,045 20,425 4,804 15,621 6,026 9,595 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 3,356 3,356 — — 3,356 17,068 4,804 12,265 6,026 6,239 1. Loans to dealers 2/ 2,630 1,465 1,165 126 1,039 2. Borrowings from dealers 3/ 2,078 739 1,339 98 1,241 552 725 174 29 202 B. Related transactions with U.S. Government securities dealers 3. Net loans - 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 t o repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Note:—Averages of daily figures.
@FedFRASER