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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.