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.••ofCoVfV. FEDERAL RESERVE statistical releas fffi For immediate r e l e a s e , September 24, 1976 Reserve Positions of Major Reserve City Banks Reserve Period Ended September 15, 1976 H.5 (In m i l l i o n s of d o l l a r s unless otherwise noted) 46 banks Reserve excess or d e f i c i e n c y ( - ) 1/ Less: Borrowings from Reserve Banks Less: Net Interbank Federal funds purchases or s a l e s ( - ) 2/ 8 banks in New York Citv 38 banks o u t side New York 5 banks 33 other in Chicago banks 179 144 35 14 — — 14 14 17,798 6,109 11,688 6,420 5,268 -17,633 -5,965 -11,668 -6,435 -5,233 119.9 102.7 131.2 405.9 71.6 35 Equals: Net basic reserve surplus or d e f i c i t ( - ) : a. Net amount b. As per cent of average r e quired reserves , y R e s e r v e s neId a f t e r a l l a d j u s t m e n t s 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 t h e sum of r e q u i r e d r e s e r v e s . A d j u s t e d t o i n c l u d e $74.8 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 change e f f e c t i v e November 19, 1975. 2/ For d e t a i l s see F e d e r a l Funds T r a n s a c t i o n s of Major R e s e r v e C i t y Banks. NOTE: -- Averages 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 have been 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 January 14, 1976. For r e v i s e d d a t a see 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 for t h e Week e n d e d S e p t e m b e r 1 5 , 1 9 7 6 (In millions of dollars) 4 6 banks 8 banks in New York City 3 8 banks outside New York 6,558 448 17,251 5,563 6,973 553 10,278 5,010 448 3,712 553 3,159 6,109 13,539 6,420 7,119 | 5 banks in Chicago 3 3 oth< banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 23,809 6,011 4,160 . 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sates (-) 19,648 1,851 1,851 —— 1,851 17,797 6,109 11,688 6,420 5,268 1. Loans to dealers 2/ 4,916 2,230 2,686 674 2,012 2. Borrowings from dealers 3 / 1,155 292 863 174 689 3. Net loans 3,760 1,937 1,823 500 1,323 B. Related transactions with U.S. Government securities dealers 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 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.
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