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Of coiV- FEDERAL mm RESERVE statistical • f*AL Rt^ release F o r i m m e d i a t e raJLaa&e S e p t e m b e r 1 5 , 1978 H.5 FILE COPY DO NOT REMOVE R e s e r v e P o s i t i o n s of Major R e s e r v e C i t y Banks R e s e r v e P e r i o d Ended S e p t e m b e r 6 , 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 b a n k s o u t s i d e New York 33 o t h e r 5 banks i n Chicago banks 1 42 R e s e r v e e x c e s s o r d e f i c i e n c y ( - ) 1/ 144 101 43 Less: 297 143 154 16,176 4,664 11,511 4,922 6,589 -16,328 -4,707 -11,622 -4,921 -6,701 104.2 83.0 116.2 315.5 79.4 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 f u n d s purchases or s a l e s ( - ) 2/ — 154 E q u a l s : 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 p e r c e n t of a v e r a g e r e quired 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 $3.6 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 . 2/ 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 daily figures. H.5(a) Federal F u n d s transaction for the Week ended of M a j o r R e s e r v e C i t y B a n k s September 6, 1978 (in m ill i o n s of d a liars) 4 6 banks 8 b a n k s in N e w York C i t y 3 8 banks outside N e w York 5 banks in Chicago 4 - 3 3 other bank* f-— A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 23,697 7,522 5,686 1,022 18,012 6,500 6,240 1,319 11,77] 5,182 5,428 1,022 4,406 1,318 3,Q§* 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) X ' 18,270 2,094 4,664 — - 13,606 2,094 4,922 — — 8,684 2,(^94 4 16,175 4,664 11,511 4,922 6,589 1. Loans to dealers 2 / 2,985 2,129 856 253 (>03 2. Borrowings from dealers 3 / 1,297 546 750 341 fa 3. Net loans 1,688 1,583 105 — 88 B. Related transactions with U.S. Government securities dealers 193 -4-,. 4 11 Derived from averages for individual banks for entire week. Figure for each bank indicates extent t o which its weekly averaf purchases and sales are offsetting; that is, it is the lesser of the two amounts. Gross purchases less 2-way transactions equal&m purchases of net buying banks. Similarly, gross sales less 2-way transactions equals net sales of net selling banks. A- 2/ 3/ Federal funds loaned, net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of securities frgn dealers subject to resale) or other lending arrangements. , m Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements (sales of secur^tie to dealers subject to repurchase), resale agreements, and borrowings secured by Gov't, or other issues. A-*- Note:—Averages of daily figures. ^
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