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FEDERAL R E s f t VE ft statistical release For immediate release May 12, 1978 H.5 Reserve P o s i t i o n s of Major Reserve C i t y Banks Reserve Period Ended May 3, 1978; (In m i l l i o n s of d o l l a r s u n l e s s o t h e r w i s e n o t e d ) 46 banks Reserve e x c e s s or d e f i c i e n c y ( - ) V Less: 38 banks o u t s i d e New York 33 o t h e r 5 banks i n Chicago banks 73 32 41 6 35 517 258 259 71 188 15,412 3,415 11,997 5,075 6,921 -15,856 -3,641 -12,215 -5,140 -7,075 100.5 62.9 122.4 323.2 84.3 Borrowings from Reserve Banks L e s s : Net interbank Federal funds purchases or s a l e s ( - ) 2_/ 8 banks i n New York C i t y Equal s: Net b a s i c r e s e r v e s u r p l u s or d e f i c i t ( - ) : a. Net amount b. As per cent o f average r e quired r e s e r v e s 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 $3.2 million waivers of penalties for reserve deficiencies in accordance with Board policy change effective November 19, 1975. 2/ For details see Federal Funds Transactions of Major Reserve City Banks. NOTE: Averages of daily figures, H. 5 (a) F e d e r a l F u n d s t r a n s a c t i o n s of M a j o r R e s e r v e C i t y B a n k s ; • f o r t h e W e e k e n d e d May 3 , 1 9 7 8 (In m i l l i o n s of d o l l a r s ) 8 b a n k s in N e w York City 4 6 banks 3 8 banks outside N e w Y o r k 5 banks in C h i c a g o 3 3 other banks * A. Interbank Federal funds transactions 1. Gross transactions " v , a. Purchases b. Sales 23,201 7,789 5,010 1,595 18,191 6,194 6,238 1,163 11,953 5,031 5,900 1,556 4,344 1,163 3,182 3,454 13,846 5,076 8,771 1,888 39 1,849 15,412 3,415 11,997 5,076 6,922 1. Loans to dealers 2/ 3,047 1,858 1,189 185 1,005 2. Borrowings f r o m dealers 3/ 2,776 1,488 1,288 446 841 272 370 98 262 163 2. Total 2-way transactions 1/ 3. Total net transactions u a. Net purchases of net buying banks v 17,300 b. Net sales of net selling banks c. Net purchases or sales (-) ' 1,849 >B. Related transactions with U.S. Government securities dealers y ^ 3. Net loans JJ - * 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 t o 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. N o t e : — A v e r a g e s of daily figures. ;
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