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l> FEDERAL Ml — — — t o i 6 tVB R:t'$IlRVE B^OrCLLVti-A^ statistical release For immediate r e l e a s e O c t o b e r 1 2 , 1979 H.5 (507) Reserve Positions of Major Reserve City Banks Reserve Period Ended O c t o b e r 3 , 1 9 7 9 (In millions of dollars unless otherwise noted) 46 banks 33 o t h e r 5 banks i n Chicago banks 15 41 0 41 252 56 196 0 196 19,007 5,439 13,569 7,302 6,267 -19,204 -5,480 -13,724 -7,302 -6,422 108.4 89.8 118.2 421.3 65.0 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2 / 38 banks o u t s i d e New York 56 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 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 ( - ) : a. Net amount b. As per cent o f 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 o f r e q u i r e d r e s e r v e s . Adjusted to include $35.2 m i l l i o n waivers of p e n a l t i e s for reserve d e f i c i e n c i e s i n accordance with Board p o l i c y c h a n g e e f f e c t i v e November 19, 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 o f 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 O c t o b e r 3 , 1979 (In millions of dollars) 46 banks 8 banks in New York City 28,904 9,896 6,930 1,491 6,767 5 banks in Chicago 33 other banks 21,973 8,405 8,614 1,313 13,359 7,092 976 5,792 1,313 4,479 22,136 5,955 16,182 7,302 8,880 3,129 516 2,613 0 2,613 19,007 5,439 13,569 7,302 6,267 1. Loans to dealers 2/ 2,973 1,854 1,120 144 976 2. Borrowings from dealers 3/ 2,103 748 1,355 52 1,303 870 1,105 235 92 3 8 banks outside New York 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 3. Net loans - 328 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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