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FEDERAL RESERVE statistical release For i m m e d i a t e r e l e a s e , November 2 1 , 1 9 7 5 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 Period Ended November 1 2 , 1 9 7 5 ( 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 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 / Less: 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 10 9 1 5 4 16,667 5,036 11,631 4,664 6,968 -16,677 -5,045 -11,632 -4,669 -6,963 108.5 81.6 126.6 285.5 92.2 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/ 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 p e r 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 period including allowable 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 of r e q u i r e d r e s e r v e s . 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 o f d a i l y f i g u r e s . H .5(a) Federal F u n d s t r a n s a c t i o n s of Major Reserve City Banks for t h e Week ended N o v e m b e r 1 2 , 1 9 7 5 (In millions of dollars) 4 6 banks 8 banks in New York City 3 8 banks outside New York 5 banks in Chicago 3 3 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 21,433 4,766 5,667 631 15,766 4,134 5,459 795 10,307 3,339 4,474 631 3,842 788 3,054 16,959 5,036 11,923 4,671 7,253 292 - - 292 7 285 3. T o t a l net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 16,667 5,036 11,631 4,664 6,968 4,623 1,785 2,838 525 2,313 298 102 197 4,325 1,683 2,642 B. Related transactions with U.S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans - - 525 197 2,116 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.