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O 0 : FEDERAL RESERVE statistical release For immediate release October 20, 1978 Reserve P o s i t i o n s o f Major Reserve C i t y Banks Reserve Period Ended October 11, 1978 ( 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 R e s e r v e e x c e s s or d e f i c i e n c y ( - ) 1 / 182 76 106 15 Less: 344 196 148 — 18,536 6,172 12,364 5,163 7,201 -18,698 -6,292 -12,406 -5,148 -7,258 118.6 112.4 121.9 342.2 83.7 Borrowings from R e s e r v e Banks L e s s : Net i n t e r b a n k F e d e r a l funds p u r c h a s e s o r s a l e s ( - ) 2/ 91 148 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 c e n t o f a v e r a g e 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 reporting 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 $7.2 million 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 in 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 1 9 , 1 9 7 5 . 2/ For d e t a i l s Banks. NOTE: — 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 Averages of d a i l y f i g u r e s . 14.5(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 for the Week ended O c t o b e r 1 1 , 1 9 7 8 (In m i l l i o n s of d o l l a r s ) V 46 banks 8 banks in New York City 38 banks outside New York 5 banks in Chicago A :} A. Interbank Federal f u n d s transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 33 other bank* 25,677 7,141 7,238 1,067 18,439 6,075 6,395 1,232 12*01 5,930 1,067 4,864 1,232 3,*6: 413' 3. Total net transactions - • j a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 19,747 6,172 5,163 1,211 1,211 18,536 13,575 6,172 12,364 8 > m 5,163 7 V< t B. Related transactions with U.S. Government securities dealers N 1. Loans t o dealers 2 / 3,397 2,148 1,249 208 2. Borrowings f r o m dealers 3 / 1,505 ' 547 958 189 3. Net loans 1,892 1,602 291 v> *7< "J •4 19 1 -•* K 4* ,- N V Derived from averages for individual banks for entire week. Figure for each bank indicates extent t o which its weekly 9/jj purchases and sales are offsetting; t h a t is, it is the lesser of the two amounts. Gross purchases less 2-way transactions equals 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 t o each dealer by clearing banks, repurchase agreements (purchases of securities 1 dealers subject t o resale) or other lending arrangements. * l 3/ \ ^ Federal f u n d s borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements (sales of secuj t o dealers subject t o repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Note:—Averages of daily figures. v
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