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FEDERAL ffli RESERVE statistical release For immediate r e l e a s e August H.5 6, 1976 Reserve Positions of Major Reserve City Banks Reserve Period Ended J u l y 2 8 , 1 9 7 6 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) 1/ Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 8 banks in New York City 38 banks outside New York 3 53 56 66 57 9 12,617 3,695 -12,680 84.8 33 other 5 banks in Chicago banks. 8 48 - 9 8,922 5,411 3,511 -3,805 -8,875 -5,403 -3,472 64.3 98.2 353.0 46.3 - Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves 1/ 2V 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 $ 7 0 . 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 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. 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: - - 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 R e s e r v e 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 J u l y 2 8 , 1976 (In millions of dollars) 4 6 banks 8 banks in New York City 3 8 banks outside New York 5 banks irt Chicago 3 3 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-wav transactions 1/ 18,938 6,321 4,513 819 14,425 5,503 6,038 627 8,387 4,875 4,227 819 3,409 627 2,781 14,711 3,695 11,016 5,411 5,605 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 2,094 2,094 - — 2,094 - - 12,617 3,695 8,922 5,411 3,511 1. Loans to dealers 2/ 2,259 1,474 785 304 481 2. Borrowings from dealers 3/ 1,327 207 1,120 501 619 933 1,268 B. Related transactions with U.S. Government securities dealers 3. Net loans - 335 - 197 - 138 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.
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