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o f GOV FEDERAL RESERVE s t a t i s t i c a l '••f^URE^V H.5 r e l e a s e For immediate r e l e a s e , January 5 , 1976 Reserve P o s i t i o n s of Major Reserve City Banks Reserve Period Ended December 2 4 , 1975 (In m i l l i o n s of d o l l a r s u n l e s s o t h e r w i s e noted) 46 banks 8 banks i n New York C i t y 38 banks o u t s i d e New York 33 other 5 banks i n Chicago banks Reserve e x c e s s or d e f i c i e n c y ( - ) 1 / 168 83 85 5 90 Less: 168 140 28 - — 28 12,217 1,981 10,236 4,381 5,856 -12,218 -2,039 -10,179 -4,386 -5,793 78.5 32.9 108.7 274.9 74.6 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2 / Equals: Net b a s i c r e s e r v e surplus or d e f i c i t ( - ) : -• a. Net amount As per cent o f average r e quired r e s e r v e s 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 period i n c l u d i n g allowable 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 the sum of required r e s e r v e s . 2/ For d e t a i l s see Federal Funds Transactions of Major Reserve C i t y Banks. Note: - - Averages of d a i l y f i g u r e s . f x H. 5 (a) f F e d e r a l F u n d s t r a n s a c t i o n s of M a j o r Reserve City Banks for t h e Week e n d e d D e c e m b e r 2 4 , 1 9 7 5 (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 in Chicago t 3 3 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 17,708 5,491 3,443 1,462 14,266 4,029 5,192 811 9,074 3,218 4,681 1,190 3,491 811 2,680 13,027 2,253 10,775 4,381 6,394 810 272 538 — — 538 12,217 1,981 10,237 4,381 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 5,856/ B. Related transactions with U.S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans V 3,601 1,912 1,689 495 185 310 3,105 1,726 1,379 635 1,054 — 310 635 744 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.