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FEDERAL m s t a t i s t i c LlJi RESERVE /.Ri release f]immediate release ^ r - . * 'March 9 , 1979 2VS Reserve P o s i t i o n s of Major Reserve City r L Reserve Period Ended F e b r i ^ i g ^ 0L9>$ ^" ^ H.5 iB it- (In m i l l i o n s of d o l l a r s u n l e s s otherwise noted) 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 other 5 banks i n Chicago banks 1 5 6 75 — «• 75 mm • 75 15,586 2,227 13,359 5,258 8,101 -15,660 -2,232 -13,427 -5,251 -8,177 93.8 37.9 124.2 324.6 88.9 Borrowings from Reserve Banks 7 - 1 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 surplus 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 1/ Reserves 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 t h e sum o f r e q u i r e d r e s e r v e s . A d j u s t e d t o i n c l u d e $ 7 . 1 million w a i v e r s o f 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 1 9 , 1 9 7 5 . 2/ For d e t a i l s 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 Banks. NOTE: — Averages of d a i l y f i g u r e s . H .5 (a) Federal Funds transactions of Major Reserve City Banks for the Week ended February 28, 1979 (In millions of dollars) 8 banks in New York City 38 banks outside New York 22,337 6,751 3,616 1,389 18,721 5,362 6,756 1,498 11,965 3,864 5,799 1,262 4,537 1,470 3,067 16,538 2,354 14,184 5,286 8,898 952 128 825 28 797 15,586 2,227 13,359 5,258 8,101 1. Loans to dealers 2/ 4,654 2,855 1,799 364 1,435 2. Borrowings from dealers 3/ 1,516 444 1,072 81 992 3. Net loans 3,138 2,411 727 283 444 46 banks 5 banks lift Chicago 33 other benks A. Interbank Federal funds transactions 1. Gross transactions 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.
@FedFRASER