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FEDERAL RESERVE statistical release Dili rfteW: For immediate release J u l y 3 0 , 1976 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended J u l y 2 1 , 1976 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) 1/ Less: 8 banks in New York City 38 banks outside New York 33 other 5 banks in Chicago banks 60 68 20 13,692 3,985 9,706 5,789 -13,641 -3,917 -9,724 -5,769 90.0 65.5 106.0 350.0 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ Equals: Net basic reserve surplus or deficit (-): a. Net amount be As per cent of average required reserves 1/ 2/ 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 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 o f r e q u i r e d r e s e r v e s . Adjusted to include $70.0 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 B o a r d p o l i c y c h a n g e 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 Banks. 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 e 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 R e s e r v e B u l l e t i n , A p r i l 1976. 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 the Week ended J u l y 2 1 , 1 9 7 6 (In m i l l i o n s of d o l l a r s ) 4 6 banks 8 banks in New York City 3 8 banks outside N e w York 5 banks irt 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/ 20,241 6,549 4,873 888 15,368 5,662 6,541 753 8,827 4,909 4,472 695 3,777 753 3,025 15,769 4,178 11,591 5,789 5,802 2,077 193 1,884 13,693 3,986 9,707 5,789 3,918 2,549 1,665 883 355 529 935 378 557 227 330 1,614 1,287 327 128 199 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 1,884 B. Related transactions with U.S. Government securities dealers 1. Loans to dealers 2 / 2. Borrowings f r o m dealers 3/ 3. Net loans 1/ 2/ Derived from 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 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 t o each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject t o resale) or other lending arrangements. 3/ Federal funds borrowed, net funds acquired f r o m each dealer by clearing banks, reverse repurchase agreements (sales of securities t o dealers subject t o repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Note:—Averages of daily figures.
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