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FEDERAL RESERVE statistical \ m release For immediate r e l e a s e , November 26, 1976 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended November 17, 1976 (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 i n New York City 38 banks outside New York 33 other 5 banks i n Chicago banks 68 26 163 70 93 17 14 3 19,191 7,115 12,075 6,681 5,394 -19,044 -7,059 -11,985 -6,614 -5,372 123.8 113.2 131.1 427.4 70.7 - - 3 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 1/ Reserves held a f t e r a l l adjustments a p p l i c a b l e 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 $67.0 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 accordance 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 Reserve 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 f o r t h e Week e n d e d N o v e m b e r 1 7 , 1 9 7 6 (In m i l l i o n s 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 25,525 6,335 7,830 714 17,696 5,621 7,238 557 10,458 5,064 4,841 715 4,126 557 3,570 20,685 7,115 13,569 6,681 6,888 1,494 * «• 1,494 19,191 7,115 12,075 6,681 5,394 1. Loans to dealers 2 / 3,714 2,115 1,599 573 1,026 2. Borrowings from dealers 3 / 1,155 241 915 392 523 3. Net loans 2,559 1,874 685 182 503 a. Purchases b. Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 1,494 B. Related transactions with U.S. Government securities dealers 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 t o repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Note:—Averages of daily figures.