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m F E D E . \m R A . • L k ... , FEutr.. s t a t i s t I C O I BAN IT ®F For immediate r e l e a s e September 7 , 1979 H.5 (507) Reserve Positions of Major Reserve City Banks Reserve Period Ended August 29, 1979 (In m i l l i o n s of d o l l a r s u n l e s s otherwise noted) 46 banks 8 banks in New York City 38 banks outside New York 33 other 5 banks i n Chicago banks Reserve excess or d e f i c i e n c y ( - ) 1/ 173 85 89 18 71 Less: 174 0 174 29 145 17,549 3,675 13,874 7,961 5,913 -17,549 -3,591 -13,958 -7,972 -5,987 102.8 62.0 123.7 507.9 61.6 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2/ Equals: Net basic reserve surplus or d e f i c i t ( - ) : a. Net amount b. As per cent of average required reserves 1/ R e s e r v e s h e l d a f t e r a l l adjustments a p p l i c a b l e t o t h e 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 the sum of r e q u i r e d r e s e r v e s . Adjusted t o i n c l u d e $ 3 6 . 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 accordance w i t h Board p o l i c y change e f f e c t i v e November 19, 1975. 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 of Major Reserve C i t y Banks. NOTE: — Averages of d a i l y f i g u r e s . Federal Funds transactions of Major Reserve City Banks for t h e Week ended A u g u s t 2 9 , 1 9 7 9 (In millions of dollars) 46 bank* 8 banks in New York City 38 banks outSide New York 5 banks ih Chicago 33 other banks A. Interbank Federal funds transactions 1. Gross transactions 26,823 9,275 5,174 1,499 21,649 7,776 9,073 1,112 12,576 6,664 6,460 1,336 5,124 1,112 4,012 20,364 3,838 16,525 7,961 8,564 2,815 163 2,652 0 2,652 17,549 3,675 13,874 7,961 5,913 1. Loans to dealers 2/ 2,646 1,615 1,031 230 800 2. Borrowings from dealers 3/ 1,980 789 1,190 81 1,109 666 826 160 149 309 a. Purchases b. Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks I c. Net purchases or sales : w B. Related transactions with U.S. Government securities dealers 3. Net loans 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.
@FedFRASER