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• C-\ - uiH ! H i' F E D E R A L R E S E R V E Li A l l 11 U . Ml statistical "<f<4LRE^-' H. 5(507) r 11 13 I'LLAlii) release For immediate r e l e a s e June 8, 1979 Reserve Positions of Major Reserve City Banks Reserve Period Ended May 30, 1979 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or d e f i c i e n c y ( - ) 1/ Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2/ 8 banks in New York City 38 banks x>utside New York 33 other 5 banks in Chicago banks 31 51 19 5 24 696, 344 352 91 260 15,474 2,874 12,600 6,111 6,488 -16,138 -3,167 -12,971 -6,198 - 6,773 98.0 55.3 120.8 392.3 73.9 Equals: Net basic reserve surplus or d e f i c i t ( - ) : a. Net amount b. As per cent of average required reserves 1/ Reserves held 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 period i n c l u d i n g a l l o w a b l e carry-over and d e f i c i e n c i e s , l e s s the sum of required r e s e r v e s . Adjusted t o i n c l u d e 6 . 9 m i l l i o n 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 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. 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 Major Reserve City Banks f o r t h e Week ended May 3 0 , 1 9 7 9 (In millions of dollars) 4 6 banks 8 banks in New York City 3 8 banks outside New York 5 banks in Chicago 3 3 other banks A. Interbank Federal funds transactions 1. Gross transactions 23,585 8,111 4,521 1,647 19,064 6,464 7,378 1,266 11,686 5,198 5,824 1,361 4,463 1,266 3,197 17,761 3,160 14,601 6,112 8,489 2,287 286 2,001 15,474 2,874 12,600 6,112 6,489 1. Loans to dealers 2/ 3,591 1,387 2,205 621 1,584 2. Borrowings from dealers 3/ 1,870 541 1,329 — 1,329 3. Net loans 1,722 846 876 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 (-) 2,001 B. Related transactions with U.S. Government securities dealers 621 255 11 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