The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE statist; c a I r e l e a s e fffl For immediate r e l e a s e O c t o b e r 1 3 , 1978 H. 5 FILE COPY DO NOT REMOVE Reserve Positions of Major Reserve City Banks Reserve Period Ended O c t o b e r 4 , 1978 (In millions of dollars unless otherwise noted) 46 banks 33 other 5 banks in Chicago banks 34 31 31 261 174 86 ;-- 86 15,375 5,032 10,343 4,992 5,351 -15,571 -5,173 -10,398 -4,960 -5,438 94.7 87.0 99.1 316.5 60.9 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales ( - ) 2 / 38 banks outside New York 65 Reserve excess or deficiency (-) 1/ Less: 8 banks in New York City — -» Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required 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 o f r e q u i r e d r e s e r v e s . Adjusted to include $6.1 million w a i v e r s of p e n a l t i e s f o r r e s e r v e d e f i c i e n c i e s i n a c c o r d a n c e w i t h B o a r d p o l i c y c h a n g e e f f e c t i v e November 1 9 , 1 9 7 5 . 21 For d e t a i l s Banks. NOTE: — s e e F e d e r a l F u n d s T r a n s a c t i o n s of M a j o r R e s e r v e C i t y A v e r a g e s of d a i l y figures. H .5 (a) Federal Funds transactions of Major Reserve City Banks for the Week ended O c t o b e r 4 , 1978 (I'ri'millions of dollars) V44 46 banks ' 8 banks in New York City 3 8 banks outside New York 33 other* 1 banks 5 banks in Chicago J .. > ' A. Interbank Federal funds transactions 4- ' > 1. Gross transactions R a. Purchases b. Sales 2. Total 2-way transactions 1/ 23,623 8,248 5,953 921 17,670 7,327 6,147 1,156 11,522 " 6,17lT 5,601 921 4,680 1,156 3,524" r * 3. Total net transactions a. Net purchases of net buying banks 18,022 b. Net sales of net selling banks 5,032 12,990 2,647 2,647 4,992 7,998" —— 2,647 „ c. Net purchases or sales (-) - ;; ; 15,375 5,032 10,343 4,992 5,351, B. Related transactions with U.S. Government securities dealers * > 1. Loans to dealers 2/ 3,222 1,968 1,255 344 911 2. Borrowings from dealers 3/ 2,186 491 1,695 325 1,37(5 3. Net loans 1,037 1,477 440 19 - - • 459/ A~< V Derived from averages for individual banks for entire week. Figure for each bank indicates extent to which its weekly average purchases and sales are offsetting; that is, it is the lesser of the two amounts. Gross purchases less 2-way transactions equals net A purchases of net buying banks. Similarly, gross sales less 2-way transactions equals net sales of net selling banks. 2/ Federal funds loaned, net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of securities fr^m dealers subject to resale) or other lending arrangements. 3/ Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements (sales of securi$e5 to dealers subject to repurchase), resale agreements, and borrowings secured by Gov't, or other issues. A Note:—Averages of daily figures. >
@FedFRASER