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FEDERAL Iff! RESERVE s t a t i s t i c a l r e l e a s e For immediate r e l e a s e , M a r c h 5 , 1976 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended F e b r u a r y 2 5 , 1976 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency ( - ) 1 / Less: Borrowings from Reserve Banks - 35 • 86 : Less: Net interbank Federal funds purchases or sales (-) 2/ Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves - /^,oS3' 9/. 7' 8*r6- 8 banks in New York City - 3 8 banks outside New York 47 ; 12; 82. 4; 3,591; 9T556- 60.3 ; - 1: /4 3•9,559// 3.3' 196r» — $tCeC' -A-fOTTS&rrL 1/ Reserves held a f t e r a l l a d j u s t m e n t s 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 . A d j u s t e d t o i n c l u d e $84 m i l l i o n w a i v e r s of p e n a l t i e s f o r r e s e r v e d e f i c i e n c i e s i n accordance with c h a n g e e f f e c t i v e November 1 9 , 1 9 7 5 . 2 / For d e t a i l s see Federal* ^ u n d s ^ ^ a n s a c t i o n s of Major R e s e r v e C i t y B a n k s . NOTE: - - A v e r a g e s of d a i l y f i g u r e s . C 14; 4; 4 US- -3,720; 33 o t h e r 5 banks in Chicago banks. 5,536; -5,527 : 75.0; H .5 (a) F e d e r a l F u n d s t r a n s a c t i o n s of M a j o r R e s e r v e C i t y B a n k s for the Week ended F e b r u a r y 2 5 , 1 9 7 6 (In m i l l i o n s of d o l l a r s ) 4 6 banks 3 8 banks outside N e w Y o r k 8 banks in N e w Y o r k City 5 banks in Chicago A. Interbank Federal f u n d s transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-wav transactions 1/ 18,675 : 4,263*. 672*. ? sreens- 672: ? -L3>6-9- 3,590: 14,41385 * 5,451- irr&s$/r 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 520.' 43-^449 to, CC / * 520* 3,590 *7*59 35; 4,C,oS' LrQZi B. Related transactions with U.S. Government securities dealers 1. Loans t o dealers 2 / 2. Borrowings f r o m dealers 3/ 3. Net loans 1/ 2/ 2,133:- 1,295' 837- 414;. 97' 3is: 1,718;. 1,199: 520* 320: 320* Derived f r o m 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 f u n d s 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 f u n d s 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. N o t e : — A v e r a g e s of daily figures.