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FEDERAL RESERVE statistical RE*? release For immediate r e l e a s e S e p t e m b e r 17, 1976 Reserve P o s i t i o n s of Major Reserve C i t y Banks Reserve Period Ended S e p t e m b e r 8 , 197b ( 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 Reserve excess or d e f i c i e n c y ( - ) 1/ Less: 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 p u r c h a s e s o r s a l e s ( - ) 2/ 120 - - 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. 104 15 36 - - - - - - - 21 - - 16,843 7,180 9,663 6,234 3,429 -16,723 -7,075 -9,647 -6,198 -3,450 115.6 123.1 110.6 423.4 47.5 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 1J 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 of r e q u i r e d r e s e r v e s . Adjusted to include $71,6 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 a c c o r d a n c e w i t h 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/ F o r 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 M a j o r R e s e r v e C i t y Banks. NOTE: — A v e r a g e s of d a i l y f i g u r e s . S u b s t a n t i a l r e v i s i o n s h a v e b e e n made t o t h e s e r i e s b e g i n n i n g w i t h p e r i o d ending J a n u a r y 14, 1976. For r e v i s e d d a t a s e e F e d e r a l Reserve B u l l e t i n , A p r i l 1976. 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 f o r t h e Week e n d e d S e p t e m b e r 8 , 1 9 7 6 (In m i l l i o n s of dollars) 46 banks 8 banks in New York City 38 banks outside New York 5 banks in Chicago 33 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 24,246 7,404 7,726 547 16,520 6,857 6,851 618 9,669 6,239 4,548 546 4,002 618 3,384 19,698 7,180 12,518 6,234 6,284 2,855 — — 2,855 16,843 7,180 9,663 6,234 3,429 3,728 2,290 1,439 480 959 848 300 548 259 289 2,881 1,990 • 891 221 669 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) mm mm 2,855 B. Related transactions with U.S. Government securities dealers 1. Loans to dealers 2 / 2. Borrowings from dealers 3 / 3. Net loans V 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 acquirecLfrom each dealer by clearing banks, reverse repurchase agreements (sales of securities to dealers subject t o repurchase), resale agreements^ and borrowings secured by Gov't.„or other issues. Note:—Averages of daily figures.