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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.