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\ ( BaNX federal ----- L & t o o t i s t i c a l r e l e a s e For immediate release June 29, 1979 • f<AL RtSt . •' H.5 ( 5 0 7 ) RESERVE Reserve P o s i t i o n s of Major Reserve C i t y Banks Reserve Period Ended June 20, 1979 (In 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 e Peserve e x c e s s or d e f i c i e n c y ( - ) 1 / Less: • 33 o t h e r 38 banks o u t - • 5 banks s i d e New York i n Chicago banks. 10 18 7 3 4 214 112 101 64 37 20,078 6,112 13,966 7,232 6,734 -20,302 -6,242 -14,060 -7,293 -6,767 119.2 104.0 127.5 462.6 71.6 Borrowings from Reserve Banks L e s s : Net i n t e r b a n k Federal funds purchases or s a l e s ( - ) 2 / 8 banks i n New York C i t y Equals: 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 per c e n t o f average r e quired r e s e r v e s # 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 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 c h a n g e e f f e c t i v e November 1 9 , 1 9 7 5 . 2/ F o r d e t a i l s s e e F e d e r a l Funds T r a n s a c t i o n s o f Major R e s e r v e C i t y Banks• NOTE: — Averages of d a i l y f i g u r e s . H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week ended J u n e 2 0 , 1 9 7 9 (In millions of dollars) 4 6 banks 8 banks in New York City 3 8 banks outside N e w 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/ 28,818 8,740 6,979 867 21,839 7,873 8,469 1,237 13,370 6,636 5,729 867 4,862 1,237 3,625 23,089 6,112 16,978 7,232 9,746 3,011 __ 3,011 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 3,011 20,078 6,112 13,966 7,232 6,734 4,144 2.677 1,467 320 1,146 1,770 752 1,018 75 943 2,374 1,925 449 246 203 B. Related transactions with U.S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 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