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yJsS^k-. FEDERAL ml RESERVE statistical IP-" H.5 (507) release For immediate r e l e a s e May 11, 1979 Reserve Position*^fLMajo'r Reserve CTity Banks Reserve Period Ended May 2 , 1 9 7 9 , - (In m i l l i o n s of d & i i ^ s uriiess^otlierwise noted) 46 banks Reserve excess or d e f i c i e n c y ( - ) 1/ Less: 39 194 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2/ 8 banks in New York City 35 — 38 banks outside New York 4 194 33 other 5 banks in Chicago banks 5 - - 1 194 16,045 3,130 12,916 5,720 7,196 -16,201 -3,095 -13,106 -5,715 -7,391 92.1 50.1 114.8 336.1 76.1 Equals: Net basic reserve surplus or d e f i c i t ( - ) : a. Net amount b. As per cent of average r e quired reserves 1/ Reserves held a f t e r a l l adjustments applicable to 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 of 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 . 3 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 see F e d e r a l Funds T r a n s a c t i o n s 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 Funds transactions of Major Reserve City Banks for the Week ended May 2 , 1 9 7 9 (In millions of dollars) 46 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 a. Purchases b. Sales 2. Total 2-way transactions 1/ 23,662 7,616 4,527 1,398 19,134 6,219 6,992 1,272 12,143 4,947 5,854 1,398 4,456 1,272 3,184 17,808 3,129 14,678 5,720 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 1,762 - - 1,762 - - 8,959 1,762 16,045 3,129 12,916 5,720 7,197 1. Loans to dealers 2/ 3,832 1,990 1,841 337 1,504 2. Borrowings from dealers 3/ 1,808 611 1,197 12 1,186 3. Net loans 2,023 1,380 644 326 318 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.
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