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FEDERAL RESERVE statistical release For immediate release July 2, 1976 Reserve Positions of Major Reserve City Banks Reserve Period Ended June 23, 1976 (In millions of dollars unless otherwise noted) 46 banks 33 other 5 banks in Chicago banks 11 15 96 60 36 13,126 3,618 9,508 4,935 4,573 -13,261 -3,701 -9,559 -4,939 -4,620 89.4 62.8 106.9 315.4 62.6 39 Less: Less: Net interbank Federal funds purchases or sales (-) 2 / 38 banks outside New York 24 Reserve excess or deficiency (-) If Borrowings from Reserve Banks 8 banks in New York City - 4 - - 36 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves 1/ 2/ Reserves held after all adjustments applicable to the reporting period including allowable carry-over and deficiencies, less the sum of required reserves. Adjusted to include $76.9 million waivers of penalties for reserve deficiencies in accordance with Board policy change effective November 19, 1975. For details see Federal Funds Transactions of Major Reserve City Banks. NOTE: — Averages of daily figures. Substantial revisions have been made to this series beginning with period ending January 14, 1976. For revised data see Federal Reserve Bulletin, April 1976. H .5 (a) Federal Funds transactions of Major Reserve City Banks for the Week ended June 2 3 , 1976 (In millions of dollars) 4 6 banks 3 8 banks outside N e w Y o r k 8 banks in N e w Y o r k City A. Interbank Federal funds transactions 5 banks ih Chicago 3 3 other banks 1 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 19,373 6,247 4,629 1,012 14,744 5,236 5,586 651 9,157 4,584 4,529 1 , 0 1 2 3,518 643 2,875 11,226 4,943 6,282 1,718 9 1,709 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 14,843 3,618 1,718 13,126 3,618 9,508 4,935 4,573 1. Loans to dealers 2! 2,047 1,293 754 331 423 2. Borrowings from dealers 3/ 941 1,106 229 1,064 713 42 347 16 365 57 B. Related transactions with U.S. Government securities dealers 3. Net loans 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 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 t o repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Note:—Averages of daily figures.
@FedFRASER