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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.