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FEDERAL RESERVE s t a t i s t i c a l release For immediate r e l e a s e , J a n u a r y 9 , 1976 ^ ^ Reserve P o s i t i o n s of Major Reserve C i t y Banks Reserve Period Ended December 3 1 , 1975 ( I n 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 n o t e d ) 46 banks 8 banks i n New York C i t y 38 banks o u t s i d e New York 33 o t h e r 5 banks i n Chicago banks Reserve e x c e s s o r d e f i c i e n c y ( - ) 1/ 174 44 129 Less: 174 140 34 11,054 1,938 9,116 4,162 4,954 -11,055 -2,034 -9,020 -4,133 -4,887 69.2 31.4 95.0 246.8 62.5 Borrowings from R e s e r v e Banks L e s s : Net i n t e r b a n k F e d e r a l funds purchases or s a l e s ( - ) 2/ 28 101 34 — Equals: Net b a s i c r e s e r v e s u r p l u s or d e f i c i t ( - ) : a. Net amount b. As p e r c e n t of a v e r a g e r e quired reserves 1J Reserves h e l d a f t e r a l l a d j u s t m e n t s a p p l i c a b l e t o t h e 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 . 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 . H .5 (a) 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 R e s e r v e C i t y B a n k s for t h e Week ended D e c e m b e r (In m i l l i o n s of d o l l a r s ) 4 6 banks 31, 8 banks in New York City 1975 3 8 banks outside New York 5 banks in Chicago 3 3 other banks A. Interbank Federal f u n d s transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 17,683 6,629 3,563 1,625 14,121 5,005 5,094 932 9,026 4,073 5,306 1,123 4,183 913 3,270 12,378 2,440 9,938 4,182 5,756 1,324 502 822 20 802 11,054 1,938 9,116 4,162 4,954 3,610 1,891 1,719 594 1,125 665 372 293 2,946 1,519 1,427 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 t o dealers 2 / 2. Borrowings f r o m dealers 3/ 3. Net loans 293 594 832 1/ Derived f r o m averages for individual banks for entire week. Figure for each bank indicates extent t o which its weekly average purchases and sales are offsetting; t h a t is, it is the lesser of the t w o 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 f u n d s 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 f u n d s 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. N o t e : — A v e r a g e s of daily figures.