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\ •vo°LS2i$?; FEDERAL Lllti H.5 RESERVE s t a t i s t i c a l r e l e a s e For immediate r e l e a s e : June 15,, 1979 (507) Reserve Positions of Major Reserve Cl4V 6dhks$L- -L-^ ' «'« K Reserve Period Ended June 6, 1979 (In m i l l i o n s of dollars unless otherwise'h&tedjr L v 46 banks # 38 banks outside New York ^ $ 33 other 5 banks in Chicago banks Reserve excess or d e f i c i e n c y ( - ) JL/ 132 21 110 49 Less: 249 62 187 - - 19,113 3,794 15,320 7,567 7,753 -19,231 -3,834 -15,397 -7,518 -7,879 117.3 66.8 . 144.4 477.8 86.7 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2/ e 8 banks in New York City L 61 187 Equals: Net basic reserve surplus or d e f i c i t ( - ) : a. Net amount b. As per cent of average required reserves V 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 to include $ 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 with 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 Federal Funds Transactions of Major Reserve City Banks• e 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 M a j o r Reserve City Banks f o r t h e Week e n d e d J u n e 6, 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 27,054 7,941 5,250 1,456 21,805 6,485 8,890 1,323 12,915 5,162 6,549 1,456 5,094 1,322 3,771 20,505 3,794 16,711 7,567 9,144 1,391 —— 1,391 19,114 3,794 15,320 7,567 7,753 1. Loans to dealers 2/ 4,407 2,073 2,334 626 1,708 2. Borrowings from dealers 3/ 1,844 579 1,266 2 1,264 3. Net loans 2,563 1,494 1,069 625 444 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 (-) —• — 1,391 B. Related transactions with U.S. Government securities dealers 1/ 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