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FEDERAL RESERVE s t a t i s t i c a l release F o r immediate r e l e a s e , October 1, 1976 H.5 Reserve P o s i t i o n s of Major Reserve City Banks Reserve Period Ended September 22, 1976 (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) 4 6 banks 9 Reserve excess or deficiency ( - ) 1J Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales ( - ) 2/ Equals: Net basic reserve surplus or deficit (-): 8 banks In New York City 38 banks o u t s i d e New York 30 21 — — — 10,445 5,834 4,611 -14,973 -4,498 -10,474 -5,833 -4,641 104.4 80.3 119.8 390.6 64.0 ' b. As per cent of average required reserves 1/ 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 . 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 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 R e s e r v e C i t y Banks. 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 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 e n d i n g 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. 30 4,519 Net amount — 1 14,964 a. NOTE: 33 o t h e r 5 banks i n Chicago banks 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 2 2 , 1 9 7 6 (In millions of dollars) 4 6 banks 8 banks in N e w York City 3 8 banks outside New York 5 banks ill Chicago 3 3 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 21,509 6,545 5,230 711 16,279 5,834 6,475 641 9,804 5,193 4,537 711 3,826 641 3,185 16,971 4,519 12,453 5,834 6,619 2,008 - - 2,008 14,963 4,519 10,445 5,834 4,611 3,220 1,968 1,251 422 830 892 287 605 256 348 2,328 1,681 647 165 481 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) - — 2,008 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. 21 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