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Of COW F E D E R A L R s t a t i s t i c a l * • f«AL E S E R V E r e l e a s e RtS For immediate release June 2 , 1 9 7 8 H. 5 Reserve P o s i t i o n s o f Major Reserve C i t y Banks R e s e r v e Period Ended May 2 4 , 1 9 7 8 ( 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 R e s e r v e e x c e s s or d e f i c i e n c y Less: Borrowings (-) from R e s e r v e basic (-): reserve 38 banks o u t s i d e New York 91 74 10 Banks — — Net b. As per cent of a v e r a g e required r e s e r v e s 10 amount 10 11,796 5,446 6,350 -15,333 -3,602 -11,731 -5,431 -6,301 102.6 67.1 122.5 360.8 78.0 2J For details see Federal Funds Transactions of Major Reserve City Banks. Averages of daily figures. 59 3,693 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 $5.2 million waivers of penalties for reserve deficiencies in accordance with Board policy change effective November 19, 1975. -- 15 15,489 1/ NOTE: 5 banks 33 o t h e r i n Chicago surplus a. T 8 banks in N e w York C i t y 166 1/ Less: Net i n t e r b a n k Federal funds p u r c h a s e s or sales ( - ) 2 / Equals: Net or deficit banks 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 - > 4 for the Week ended May 24, 1978 (In m i l l i o n s of d o l l a r s ) 1-. V 4 6 banks 8 b a n k s in N e w Y o r k City 3 8 banks outside N e w Y o r k 5 banks in C h i c a g o 3 3 other banks , -A.*lnterbank Federal f u n d s transactions 1. Gross t r a n s a c t i o n s U a. Purchases b. Sales 2. Total 2-way t r a n s a c t i o n s 1/ 22,940 4,826 18,114 6,550 11,565 7,451 1,133 6,319 1,104 5,215 4,914 1,133 3,781 1,103 2,678 18,026 3,693 14,333 5,446 8,887 3. Total n e t t r a n s a c t i o n s * a. Net purchases of net buying banks ^ i " b. Net sales of n e t selling b a n k s c. Net p u r c h a s e s or sales (-) 2,538 2,538 2,538 15,489 3,6.93 11,796 5,446 6,349 4,064 2,414 1,650 452 1,198 2,881 2,043 838 141 698 1,183 372 811 311 500 — > B. Related t r a n s a c t i o n s w i t h r U.S. G o v e r n m e n t securities dealers 7 > \ v "1. Loans t o dealers 2 / ^ 2. Borrowings f r o m dealers 3f 4 3. Net loans 1/ Derived f r o m averages f o r individual b a n k s f o r e n t i r e w e e k . Figure f o r each b a n k indicates e x t e n t t o w h i c h its w e e k l y average - - purchases and sales are o f f s e t t i n g ; t h a t is, it is t h e lesser of t h e t w o a m o u n t s . Gross purchases less 2-way t r a n s a c t i o n s equals n e t t > 2/ purchases of n e t b u y i n g b a n k s . Similarly, gross sales less 2-way t r a n s a c t i o n s equals n e t sales of n e t selling b a n k s . Federal f u n d s l o a n e d , n e t f u n d s supplied t o each dealer by clearing b a n k s , r e p u r c h a s e a g r e e m e n t s (purchases of securities f r o m dealers s u b j e c t t o resale) or o t h e r lending a r r a n g e m e n t s . , > 3/^ Federal f u n d s b o r r o w e d , n e t f u n d s a c q u i r e d f r o m each dealer by clearing b a n k s , reverse r e p u r c h a s e a g r e e m e n t s (sales of securities t o dealers s u b j e c t t o r e p u r c h a s e ) , resale a g r e e m e n t s , and b o r r o w i n g s secured by G o v ' t , or o t h e r issues. Note: Averages of daily figures.
@FedFRASER