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FEDERAL RESERVE statistical release For immediate release May 19, 1978 H. 5 Reserve Positions of Major Reserve City Banks Reserve Period Ended May 10, 1978 (In millions of dollars unless otherwise noted) 46 banks 8 banks in New York City 38 banks out side New York 33 other 5 banks in Chicago banks Peserve excess or deficiency (-) 1/ 151 72 79 Less: 373 107 266 16,842 4,849 11,993 5,389 6,604 -17,064 -4,884 -12,180 -5,353 -6,827 110.9 87.6 124.2 346.7 82.6 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 1 36 — 43 266 Equals: Net basic reserve surplus or deficit (-): 1 a. Net amount b. As per cent of average re quired reserves y ' 1/ * > 2/ 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 $3.0 million waivers of penalties for reserve deficiencies in accordance with Board policy change effective November 19, 1975. For details see Federal Funds Transactions of Major Reserve City Banks. > NOTE: — Averages of daily figures. H .5(a) Federal Funds tra n sa c tio n s o f M a jo r Reserve C ity Banks fo r th e Week ended May 1 0 , 1 97 8 (In m illio n s o f d o lla rs ) 1 > ■ w®T 4 6 b a n ks 8 b a n k s in N ew Y o r k C it y 3 8 banks o u t sid e N e w Y o r k 5 banks in C h ic a g o 3 3 o ther ban ks A. Interbank Federal funds transactions ■ 1. Gross transactions a. Purchases b. Sales 2 3 ,7 7 2 6 ,9 3 1 5 ,8 9 5 1 ,0 4 7 1 7 ,8 7 7 5 ,8 8 4 6 ,4 7 5 1 ,0 8 6 1 1 ,4 0 2 4 ,7 9 8 5 ,1 2 4 1 ,0 4 7 4 ,0 7 7 1 ,0 8 6 2 ,9 9 1 1 8 ,6 4 9 4 ,8 4 9 1 3 ,8 0 0 5 ,3 8 9 8 ,4 1 1 _ 1 ,8 0 7 -- 1 ,8 0 7 — 1 ,8 0 7 1 6 ,8 4 1 4 ,8 4 9 1 1 ,9 9 3 5 ,3 8 9 6 ,6 0 4 2. Total 2-way transactions 1/ ^ ' 3. Total net transactions a. Net purchases o f net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) J B. Related transactions w ith U.S. Government securities dealers * *r < r- 1. Loans to dealers 2/ 2 ,8 3 4 1 ,5 4 8 1 ,2 8 6 245 1 ,0 4 1 2. Borrowings from dealers 3 / 3 ,4 9 3 1 ,6 9 9 1 ,7 9 3 583 1 ,2 1 0 " i 3. Net loans - 659 - 152 - 5 07 - 3 38 - 169 - ' Sr V Derived from averages for individual banks for entire week. Figure for each bank indicates extent to which its weekly averai 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. V.* 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. 19H ietl Note:— Averages of daily figures.
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