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• of£ov f „--. r> FEDERAL RESERVE s t a t i s t i c a l • f<4L Rtst.. -*H.5 W- r e l e a s e For immediate r e l e a s e November 3 , 1978 Reserve P o s i t i o n s of Major Reserve C i t y Banks Reserve Period Ended O c t o b e r 25, 1978 FILE COPY 0 0 NOT REMOVE ( I n 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 8 banks i n New York C i t y 38 banks o u t s i d e New York 33 o t h e r 5 banks i n Chicago banks. Reserve excess or d e f i c i e n c y ( - ) 1/ 104 28 76 Less: 227 45 182 13,747 3,122 10,625 3,911 6,714 -13,870 -3,139 -10,731 -3,898 -6,833 89.0 57.7 105.8 266.1 78.7 Borrowings from Reserve Banks L e s s : Net i n t e r b a n k F e d e r a l funds purchases or s a l e s ( - ) 2/ 13 - - 63 182 Equals: 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 ( - ) : i f a. Net amount b. As per cent of average r e quired r e s e r v e s 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 $ 8 . 7 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 a c c o r d a n c e w i t h Board p o l i c y change e f f e c t i v e November 19, 1975. I •>* » 2/ F o r 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. r * NOTE: r ' k i — A v e r a g e s of d a i l y f i g u r e s . r; J* H.5(a) Federal F u n d s t r a n s a c t i o n s of Major Reserve City Banks f o r t h e Week e n d e d O c t o b e r 2 5 , 1 9 7 8 (in millions of dollars) 4 6 banks 8 banks in N e w York City 3 8 banks outside N e w York 5 banks in Chicago Z3 9& Sen' J A. Interbank Federal funds transactions , 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 22,043 8,296 4,964 1,842 17,080 6,454 5,242 1,331 V 6,446 1,606 4,840 1,331 3V5 Y. 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 15,598 3,358 12,240 1,850 236 1,614 13,747 3,122 10,626 3,911 &S — — 3,911 6,7 X B. Related transactions with U.S. Government securities dealers * 1. Loans to dealers 2/ 2,704 1,610 1,095 77 2. Borrowings from dealers 3/ 2,133 556 1,577 396 572 1,054 3. Net loans - 482 - 319 ~ H° ir< i - 11 Derived from averages for individual banks for entire week. Figure for each bank indicates extent to which its w e e k l y ^ purchases and sales are offsetting; that is, it is the lesser of the two amounts. Gross purchases less 2-way transactions equa 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 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 seci M to dealers subject t o repurchase), resale agreements, and borrowings secured by Gov't, or other issues. ~ +• Note:—Averages of daily figures. „ V K 1 5(1) 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 for the Week ended O c t o b e r 2 5 , 1 9 7 8 (in m i l l i o n s of d o l l a r s ) 4 6 banks ** • • 8 banks in N e w York City r 3 8 banks outside N e w York 5 banks in Chicago 3 3 other banks » i n t e r b a n k Federal f u n d s transactions 1 >Gross transactions a. Purchases " *b. Sales \ 22,043 8,296 4,964 1,842 17,080 6,454 5,242 1,331 11,838 5,124 6,446 1,606 4,840 1,331 3,509 15,598 3,358 12,240 3,911 8,329 1,850 236 1,614 — — 1,614 13,747 3,122 10,626 3,911 6,714 2,704 1,610 1,095 77 1,018 2,133 556 1,577 396 1,181 572 1,054 * 2. Total 2-way transactions 1/ 3 / T o t a l net transactions ^ *a. Net purchases of net \ ^ buying banks ^ b. Net sales of net selling banks * c. Net purchases or sales (-) , Related transactions with *U.S. Government securities > ^dealers 1. Loans to dealers 2 / - F* ^ B o r r o w i n g s f r o m dealers 3/ ^ 3 / N e t loans - 482 - 319 - 163 ^ ^t)erived from averages for individual banks for entire week. Figure for each bank indicates ex t en t t o which its weekly average purchases and sales arc offsetting; that is, it is the lesser of the t w o a m o u n t s . 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. | | ^Federal f u n d s loaned, net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of securities f r o m dealers subject t o resale) or other lending arrangements. r * ^ ^Federal f u n d s b o r r o w e d , net funds acquired from each dealer by clearing banks, reverse repurchase agreements (sales of securities ~.*to dealers subject t o repurchase), resale agreements, and borrowings secured by Gov't, or other issues. i:—Averages of daily figures.
@FedFRASER