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• VoOfG^Wf.'-. FEDERAL RESERVE statistical release [fill For immediate release July 7, 1978 Reserve Positions of Major Reserve City Banks Reserve Period Ended June 28, 1978 H.5 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) 1/ Less: Borrowings from Reserve Banks Less: Net Interbank Federal funds purchases or sales (-) 2/ 8 banks in New York Citv 38 banks outside New York 33 other 5 banks in Chicago banks 89 48 41 339 73 266 12,688 2,898 9,790 4,563 5,227 -12,938 -2,922 -10,016 -4,549 -5,467 82.7 51.9 100.0 307.2 64.0 15 —— 27 266 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves 1/ 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 $4.6 million waivers of penalties for reserve deficiencies in accordance with Board policy change effective November 19, 1975. 2/ For details see Federal Funds Transactions of Major Reserve City Banks. NOTE: — Averages of daily figures. 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 M a j o r R e s e r v e C i t y B a n k s for the Week ended J u n e 2 8 , 1 9 7 8 (In m i l l i o n s of d o l l a r s ) 4 6 banks 8 banks in New York City 38 banks outside New York 5 banks in Chicago 3 3 other banks A. Interbank Federal f u n d s transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-wav transactions 1/ 21,515 8,827 4,491 1,593 17,024 7,234 5,963 1,400 11,061 5,833 5,609 1,593 4,015 1,400 2,615 15,906 2,898 13,009 4,563 8,446 3,218 - - 3,218 — 3,218 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 12,689 2,898 9,791 4,563 5,228 1. Loans t o dealers 2 / 3,261 1,959 1,302 397 905 2. Borrowings f r o m dealers 3 / 2,441 849 1,592 556 1,036 820 1,111 B. Related transactions with U.S. Government securities dealers 3. Net loans - 290 - 159 - 131 V Derived from averages for individual banks for entire week. Figure for each bank indicates extent t o which its weekly average purchases and sales are offsetting; t h a t is, it is the lesser of the t w o 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. 21 Federal funds loaned, net funds supplied t o each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject t o resale) or other lending arrangements. 3/ Federal f u n d s borrowed, net funds acquired f r o m each dealer by clearing banks, reverse repurchase agreements (sales of securities t o dealers subject t o repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Note:-—Averages of daily figures.
@FedFRASER