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QV l O V r / . FEDERAL RESERVE s t a t i s t i c a l release For i m m e d i a t e r e l e a s e June 3 0 , 1978 H.5 Reserve P o s i t i o n s of Major Reserve C i t y Banks Reserve Period Ended June 2 1 , 1978 (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 Reserve e x c e s s or d e f i c i e n c y ( - ) 1/ Less : 8 banks i n New York C i t y 38 banks o u t s i d e New York 33 o t h e r 5 banks i n Chicago banks 62 7 55 7 48 355 63 293 61 231 16 , 3 9 5 3,849 12,546 5,524 7,022 -16 , 6 8 8 -3,905 -12,784 -5,579 -7,205 104.7 67.0 126.4 353.8 84.4 Borrowings from Reserve Banks Less : Net interbank Federal funds purchases or s a l e s ( - ) 2/ 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 cent of average r e quired r e s e r v e s 1J 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 $4.6 million waivers of p e n a l t i e s for r e s e r v e d e f i c i e n c i e s in 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 19, 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 Funds T r a n s a c t i o n s of Major R e s e r v e C i t y Averages of d a i l y * figures. o 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 City B a n k s f o r t h e Week e n d e d J u n e 2 1 , 1 9 7 8 (In m i l l i o n s of d o l l a r s ) 46 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 Chicago 33 other banks A. Interbank Federal funds transactions , 1. Gross transactions a. Purchases b. Sales 2. Total 2-wav transactions 1/ 23,710 7,316 5,039 1,190 18,672 6,125 6,630 1.105 12,042 5,020 5,130 1,190 3,940 1.106 2,834 18,581 3,849 14,732 5,524 9,208 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 2,186 2,186 2,186 16,395 3,849 12,546 5,524 7,022 1. Loans to dealers 2/ 4,449 2,863 1,586 508 1,077 2. Borrowings from dealers 3/ 1,835 1,051 784 262 523 3. Net loans 2,613 1,812 801 247 555 B. Related transactions with U.S. Government securities dealers J 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