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FEDERAL RESERVE statistical release For i m m e d i a t e r e l e a s e May 3 0 , 1975 Reserve P o s i t i o n s o f Major Reserve C i t y Banks Reserve Period Ended May 2 1 , 1975 (In m i l l i o n s of d o l l a r s u n l e s s o t h e r w i s e n o t e d ) 46 banks Reserve e x c e s s or d e f i c i e n c y ( - ) 1 / Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2 / 8 banks i n New York C i t y 38 banks o u t s i d e New York 33 o t h e r 5 banks i n Chicago banks 11 4 - - 2 48 33 14 100 98 2 14,144 3,962 10,182 4,989 5,193 -14,291 - 4,093 - 10,198 - 5,000 -5,199 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 c e n t o f average r e quired r e s e r v e s 88.7 60.9 108.5 286.5 1/ Reserves h e l d a f t e r a l l adjustments a p p l i c a b l e t o t h e 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 of required r e s e r v e s . 2/ For d e t a i l s s e e Federal Funds Transactions of Major Reserve C i t y Banks. Note: — Averages o f d a i l y f i g u r e s . 67.9 H .5 (a) Federal Funds transactions of Major Reserve City Banks for the Week ended May 2 1 , 1975 (In millions of dollars) 46 banks 8 banks in New York City 38 banks outside New York 5 banks ih Chicago 3 3 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 19,856 5,712 5,627 1,665 14,230 4,047 5,665 676 8,564 3,371 4,726 1,156 3,570 676 2,894 15,131 4,471 10,660 4,989 5,671 987 509 477 14,144 3,962 10,182 4,989 5,193 3,022 1,504 1,518 377 1,141 767 362 406 2,255 1,143 1,112 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 477 B. Related transactions with U.S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans —— 377 406 735 V 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.