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FEDERAL
RESERVE
s t a t i s t i c a l release

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For immediafee r e l e a s e
" " t o ' i 1 " ! 19
Reserve Positions of Major Reserve City Banks
Reserve Period Ended February 21, 1979rLL

H.5

^

'15
c

B A N K OF VLE'VLLANU

(In m i l l i o n s of dollars unless otherwise noted)

46 banks
Reserve excess or d e f i c i e n c y ( - ) 1/
Less:

104

Borrowings from Reserve Banks

Less: Net Interbank Federal funds
purchases or s a l e s ( - ) 2/

33

8 banks In
New York City

38 banks outside New York

52

52

- -

33

33 other
5 banks
In Chicago banks
5
—

48
33

16,222

2,654

13,568

5,995

7,573

-16,151

-2,602

-13,549

-5,990

-7,559

92.3

40.8

121.7

350.3

80.2

Equals: Net basic reserve surplus
or d e f i c i t ( - ) :
a.

Net amount

b.

As per cent of average required reserves

V

R e s e r v e s h e l d 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
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 the
sum of r e q u i r e d r e s e r v e s . Adjusted t o i n c l u d e $ 7 . 2 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 w i t h
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 F e d e r a l Funds Transactions of Major Reserve C i t y
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 transactions of Major Reserve City Banks
f o r t h e Week ended F e b r u a r y 2 1 , 1 9 7 9
(In millions of dollars)

46 banks

8 banks in
New York City

38 banks outside New York

5 banks
in Chicago

33 other
banks

A. Interbank Federal funds
transactions
1. Gross transactions

23,903
7,681

4,397
1,744

19,505
5,937

7,370
1,375

12,136
4,563

6,202

1,260

4,942

1,325

3,617

17,701

3,138

14,563

6,044

8,519

1,480

485

996

50

946

16,221

2,653

13,568

5,995

7,573

1. Loans to dealers 2/

4,491

2,638

1,853

452

1,401

2. Borrowings from dealers 3[

1,117

400

716

7

710

3. Net loans

3,374

2,238

1,137

445

691

a. Purchases
b. Sales
2. Total 2-wav 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
(-)
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.