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FEDERAL RESERVE statistical release For immediate release, May 21, 1976 Reserve Positions of Major Reserve City Banks Reserve Period Ended May 12, 1976 (In millions of dollars unless otherwise noted) 46 banks 38 banks outside New York 6 33 other 5 banks in Chicago banks. 17 11 Borrowings from Reserve Banks — - - Less: Net interbank Federal funds purchases or sales (-) 2/ 3 3 34 34 15,423 6,089 9,334 4,960 4,374 -15,455 Reserve excess or deficiency (-) 1/ Less: 8 banks in New York City -6,126 -9,329 -4,943 -4,385 103.0 100.6 104.7 319.0 59.6 — 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. Adjusted to include $76,9 million waivers of penalties of reserve deficiencies in accordance with Board policy change effective November 19, 1975„ 2/ For details see Federal Fund Transactions of Major Reserve City Banks. NOTE: -- Averages of daily figures« Substantial revisions have been made to this series beginning with period ending January 14, 1976„ For revised data see Federal Reserve Bulletin, April 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 Major Reserve City B a n k s f o r t h e Week e n d e d May 12, 1976 (In millions of dollars) 4 6 banks 8 banks in N e w York City 3 8 banks outside N e w 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/ 21,837 6,414 6,779 690 15,058 5,724 5,715 755 9,344 4,969 4,332 690 3,642 755 2,887 17,505 6,089 11,416 4,960 6,456 2,082 * » - 2,082 - - 2,082 15,424 6,089 9,334 4,960 4,374 3,207 1,430 1,777 565 1,212 1,208 211 997 503 495 780 63 717 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 1,999 1,219 1/ 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.
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