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FEDERAL RESERVE s t a t i s t i c a l release For immediate release J u n e 2 0 , 1975 Reserve Positions of Major Reserve City Banks Reserve Period Ended J u n e 1 1 , 1975 (In millions of dollars unless otherwise noted) 46 banks 8 banks in New York City 38 banks outside New York 33 other 5 banks in Chicago banks Reserve excess or deficiency (-) 1/ 48 11 59 17 76 Less: 13 — 13 11 2 11,003 3,778 7,225 10,957 - 3,806 - 7,151 119.4 224.2 95.6 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 17,347 6,343 17,311 - 6,355 112.5 102.3 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves - - 1/ ~ Reserves held after all adjustments applicable to the reporting period including allowable carry-over and deficiencies, less the sum of required reserves. 2/ For details see Federal Funds Transactions of Major Reserve City Banks. Note: — Averages of daily figures. H.5(a) Federal Funds transactions of M a j o r Reserve C i t y Banks f o r the Week ended J u n e 1 1 , (In m i l l i o n s of dollars) 4 6 banks 1975 8 banks in New York City 3 8 banks outside N e w Y o r k 5 banks i n Chicago 3 3 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 22,227 4,881 7,110 767 15,117 4,114 4,477 698 10,641 3,416 4,477 560 3,916 689 3,227 17,751 6,550 11,201 3,787 7,413 404 206 198 9 189 17,347 6,344 11,003 3,778 7,225 4,597 1,671 2,927 509 2,418 533 220 313 4,005 1,451 2,614 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 to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 313 509 2,105 V 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. 2/ 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.