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FEDERAL RESERVE statistical release For immediate release December 29, 1975 Reserve Positions of Major Reserve City Banks Reserve Period Ended December 17, 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 139 113 — — 38 banks outside New York 26 — 33 other 5 banks in Chicago banks 1 27 - - - - 14,329 3,292 11,037 4,619 6,418 -14,190 -3,179 -11,011 -4,620 -6,391 88.7 49.5 114.8 268.4 81.2 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 t r a n s a c t i o n s o f M a j o r Reserve C i t y Banks f o r t h e Week ended D e c e m b e r 17, 1975 (In m i l l i o n s o f dollars) 46 banks 8 banks in New York City 3 8 banks outside New York 5 banks ih Chicago 33 other banks 18,973 4,644 4,278 986 14,696 3,659 5,291 672 9,404 2,987 4,205 828 3,378 667 2,711 14,768 3,450 11,318 4,624 6,693 439 158 281 5 276 14,329 3,292 11,037 4,619 6,418 3,509 1,840 1,670 660 1,010 400 147 253 3,109 1,693 1,416 A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-wav 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 (-) B. Related transactions with U.S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans V ~ 2/ —— 660 253 756 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 frcrc 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.