The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
L- .•asS^fc., F E D BiRzAitispfiRsESERVE s t ^ v y i c ^ r e lease mi For immediate release March 16, 1979 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended March 7, 1979 (In millions of dollars unless otherwise noted) 46 banks • Reserve excess or deficiency (-) 1/ Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ # e 8 banks in New York City 38 banks outside New York 33 other 5 banks in Chicago banks 14 12 26 5 21 186 70 116 43 74 17,468 4,002 13,466 5,617 7,849 -17,641 -4,084 -13,557 -5,655 -7,902 102.3 65.7 122.9 335.9 84.6 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves 1/ 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 $7.1 million waivers of penalties for reserve deficiencies in accordance with Board policy change effective November 19, 1975. 27 For details see Federal Funds Transactions of Major Reserve City Banks. NOTE: Averages of daily figures. 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 e n d e d March 7, 1979 (In millions of dollars) 46 banks 8 banks in New York City 3 8 banks outside New York 5 banks in Chicago 33 other banks A. Interbank Federal funds transactions 1. Gross transactions 24,736 7,268 5,064 1,062 19,672 6,206 7,096 1,478 12,576 4,727 5,952 1,062 4,890 1,478 3,411 18,784 4,002 14,782 5,617 9,165 1,316 — — 1,316 17,468 4,002 13,467 5,617 7,849 1. Loans to dealers 2/ 3,899 2,146 1,753 553 1,201 2. Borrowings from dealers 3/ 1,077 516 561 8 553 3. Net loans 2,822 1,631 1,192 545 647 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 (-) —— 1,316 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