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FEDERAL RESERVE statistical release For immediate r e l e a s e J u l y 2 3 , 1976 Reserve Positions of Major Reserve City Banks Reserve Period Ended J u l y 1 4 , 1976 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or d e f i c i e n c y ( - ) 1/ Less: 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 f u n d s purchases or s a l e s ( - ) 2/ 8 banks i n New York C i t y 38 b a n k s o u t s i d e New York 33 o t h e r 5 banks i n Chicago banks 18 1 17 17 33 135 78 57 57 — 16,941 5,881 11,060 5,935 5,126 -17,059 -5,958 -11,101 -6,008 -5,092 112.8 98.4 122.4 370.3 68.4 E q u a l s : 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 1/ 2/ Reserves held a f t e r a l l adjustments applicable to the reporting period 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 reserves. A d j u s t e d t o i n c l u d e $ 7 0 . 0 m i l l i o n w a i v e r s of p e n a l t i e s f o r r e s e r v e d e f i c i e n c i e s i n a c c o r d a n c e w i t h Board p o l i c y change e f f e c t i v e November 1 9 , 1 9 7 5 . F o r d e t a i l s s e e 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 . NOTE: — A v e r a g e s of d a i l y f i g u r e s . S u b s t a n t i a l r e v i s i o n s h a v e b e e n made t o t h i s s e r i e s b e g i n n i n g w i t h p e r i o d e n d i n g J a n u a r y 14, 1976. For r e v i s e d d a t a see F e d e r a l Reserve B u l l e t i n , A p r i l 1976. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week ended J u l y 1 4 , 1 9 7 6 (In millions of dollars) 46 banks 8 banks in New York City 38 banks outside New York 5 banks in Chicago 33 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-wav transactions 1/ 22,289 5,348 6,172 291 16,117 5,057 6,469 535 9,648 4,522 4,043 291 3,752 534 3,217 18,247 5,881 12,366 5,935 6,431 1,305 - - 1,305 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 1,305 16,941 5,881 11,060 5,935 5,126 3,260 1,884 1,376 368 1,008 606 272 335 33 301 2,654 1,612 1,041 335 707 B. Related transactions with U.S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 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 to repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Note:—Averages of daily figures.
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