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:Wm. FEDERAL Oil! statistical RESERVE release For immediate release August 8, 1975 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended July 30, 1975 (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 33 other 5 banks in Chicago banks 200 116 84 27 56 1 -- 1 — — 1 13,290 4,422 8,868 3,948 4,920 -13,091 -4,306 -8,785 -3,920 -4,865 83.4 68.3 93.5 239.1 62.7 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves 1/ Reserves held after all adjustments applicable to the reporting period including allowable carry-over and deficiencies, less the sum of required reserves * 2/ For details see Federal Funds Transactions of Major Reserve City Banks. Note: — Averages of daily figures. H.5(a) Federal Funds transactions of Major Reserve City Banks f o r t h e Week ended July 30, 1975 (In m i l l i o n s of dollars) 4 6 banks 8 banks in New York City 3 8 banks outside N e w Y o r k 5 banks i n Chicago 3 3 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 18,494 5,204 5,186 763 13,309 4,441 4,862 914 8,447 3,526 4,550 764 3,786 913 2,873 13,945 4,422 9,523 3,949 5,574 655 2 654 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 655 13,290 4,422 8,868 3,948 4,920 1,616 981 636 235 401 2. Borrowings from dealers 3/ 641 343 298 —- 298 3. Net loans 975 637 338 235 103 B. Related transactions with U.S. Government securities dealers 1. Loans to dealers 2/ 1/ 2/ 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. Federal funds loaned, net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject t o 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.