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0 x Of c o y / ' . FEDERAL E S E RV E s t a t i s t i c a l re1eEdf& (fill ••wfP:--' For immediate r e l e a s e J u n e 1, 1979 H.5(507) Reserve P o s i t i o n s of Major Reserve C i t y Banks Reserve P e r i o d Ended May 2 3 , 1979 ( I n m i l l i o n s of d o l l a r s u n l e s s o t h e r w i s e n o t e d ) 46 banks Borrowings from R e s e r v e Banks L e s s : Net i n t e r b a n k F e d e r a l f u n d s p u r c h a s e s o r s a l e s ( - ) 2/ 00 Less: 37 38 b a n k s o u t s i d e New York CM 1 Reserve e x c e s s o r d e f i c i e n c y ( - ) 1 / 8 banks i n New York C i t y 33 o t h e r 5 banks i n Chicago banks 65 26 38 411 54 357 36 321 17,047 3,102 13,945 5,223 8,723 E q u a l s : Net b a s i c r e s e r v e s u r p l u s or d e f i c i t ( - ) : a. Net amount b. As p e r c e n t of a v e r a g e r e quired reserves -17,421 -3,183 -14,238 105.8 54.9 133.4 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 $6.9 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 a c c o r d a n c e w i t h B o a r d p o l i c y c h a n g e e f f e c t i v e November 1 9 , 1 9 7 5 . 2/ For d e t a i l s Banks. NOTE: — s e e 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 A v e r a g e s of d a i l y f i g u r e s . -5,232 -9,006 336.5 98.8 H.5(a) Federal F u n d s t r a n s a c t i o n s of M a j o r Reserve City B a n k s f o r t h e Week e n d e d May 2 3 , 1 9 7 9 (In m i f l i o n s of d o l l a r s ) 46 banks 8 banks in New York City 3 8 banks outside New York 5 banks in Chicago 33 other banks A. Interbank Federal funds transactions 1. Gross transactions 23,212 6,166 4,174 1,072 19,039 5,093 6,544 1,321 12,495 3,772 5,224 1,065 4,159 1,321 2,838 17,988 3,109 14,879 5,222 9,657 942 8 934 17,047 3,101 13,945 5,222 8,723 1. Loans to dealers 2[ 4,001 2,027 1,974 446 1,528 2. Borrowings from dealers 3/ 1,776 610 1,166 3. Net loans 2,226 1,418 808 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 (-) — — 934 B. Related transactions with U.S. Government securities dealers - - 446 1,166 362 17 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