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.•VVOFCOWV c FEDERAL RESERVE statistical release ffff For immediate r e l e a s e , May 18, 1976 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended May 5 , 1 9 7 6 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or d e f i c i e n c y ( - ) 1/ Less: 229 38 banks o u t s i d e New York 33 other 5 banks i n Chicago banks 61 169 19 150 —- —- —— •» m* 11,835 4,275 7,558 4,594 2,965 -11,604 -4,214 -7,390 -4,575 -2,815 74.5 66.4 80.1 286.4 36.9 Borrowings from Reserve Banks Less: Net i n t e r b a n k Federal funds purchases or s a l e s ( - ) 2/ 8 banks i n New York City - - Equals: Net b a s i c r e s e r v e s u r p l u s or d e f i c i t ( - ) : a. Net amount b. As per cent of average r e ........ • 1/ 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 period including 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 $75.7 m i l l i o n w a i v e r s of p e n a l t i e s of 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 change e f f e c t i v e November 19, 1975. 7J F o r d e t a i l s s e e F e d e r a l Fund T r a n s a c t i o n s of Major R e s e r v e C i t y Banks. NOTE: — Averages 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 been 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. 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 o f Major R e s e r v e C i t y B a n k s for the Week ended May 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 8 banks in New York City 3 3 other banks 5 banks in Chicago 3 8 banks outside N e w York A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 19,850* 8,018 * 5,280 1,005 14,571 7,012 5,375 781 9,196 6,231 4,721' 1,006 3,715 781 2,934 15,130' 4,274 10,855 4,594 6,261 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 3,297* 11,832 — 4,274 3,297 7,558 - - 4,594 3,297 2,964 C B. Related transactions with U.S. Government securities dealers 1. Loans t o dealers 2 / 2,128" 1,088 1,040 457 583 2. Borrowings from dealers 3 / 1,696' 339 1,357 550 808 750 - 3. Net loans 1/ 432' 318 - 93 - 225 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 t w o 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 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. N o t e : — A v e r a g e s of daily figures. L
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