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FEDERAL RESERVE s t a t i s t i c a l release [fill 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.