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f*AL FEDERAL RESERVE s t a t i s t i c a l release res^T For i m m e d i a t e r e l e a s e Junie 25, 1976 Reserve Positions of Major Reserve City Banks Reserve Period Ended J u n e 1 6 , 1 9 7 6 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) 1/ Less: 250 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ - - 14,728 8 banks in New York City 38 banks outside New York 102 149 5 banks 33 other in Chicago banks - - 66 82 — — 5,018 9,710 5,156 4,554 -4,916 -9,561 -5,090 -4,472 83.1 107.6 317.6 61.4 Equals: Net basic reserve surplus or deficit (-): a. Net amount be As per cent of average required reserves -14,478 97.8 1/ Reserves held a f t e r a l l adjustments applicable to the r e p o r t i n g 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 r e s e r v e s . A d j u s t e d t o i n c l u d e $ 7 6 . 9 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 c h a n g e e f f e c t i v e November 19, 1975. 2/ F o r d e t a i l s s e e F e d e r a l Funds 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 have 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. F o r r e v i s e d d a t a s e e 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 e n d e d J u n e 1 6 , 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 New York 5 banks in Chicago 3 3 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 21,071 6,343 5,612 594 15,459 5,749 5,779 623 9,680 5,127 4,168 594 3,574 623 2,951 16,903 5,018 11,885 5,156 6,729 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 2,175 2,175 2,175 14,728 5,018 9,710 5,156 4,554 1. Loans to dealers 2 / 3,662 2,219 1,442 585 857 2. Borrowings from dealers 3[ 1,072 211 861 470 390 3. Net loans 2,590 2,008 582 115 467 B. Related transactions with U.S. Government securities dealers V 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; 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 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.
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