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FEDERAL RESERVE statistical release For immediate r e l e a s e , May 7 , 1976 Reserve Positions of Major Reserve City Banks Reserve Period Ended A p r i l 2 8 , 1976 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (r) 1/ Less: — Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales ( - ) 2/ 8 banks in New York City 38 banks o u t s i d e New York 33 o t h e r 5 banks i n Chicago banks. 68 11 79 12 15 — 15 - - - 91 15 12,665 3,544 9,121 4,722 4,399 -12,747 -3,533 -9,215 -4,710 -4,505 84.4 58.8 101.4 304.5 59.7 Equals: Net basic reserve surplus or deficit (-): a. Net amount b, As per cent of average required reserves JL/ Reserves held a f t e r a l l adjustments applicable 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 $ 7 5 . 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 c h a n g e e f f e c t i v e November 1 9 , 1975. 2/ 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 M a j o r R e s e r v e C i t y Banks. NOTE: — A v e r a g e s 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 h a v e b e e n 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. F o r r e v i s e d d a t a s e e 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 of Major Reserve City Banks for the Week ended A p r i l 2 8 , 1976 (In millions of dollars) 46 banks 8 banks in New York City 38 banks outside New York 5 banks irt Chicago 3 3 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-wav transactions 1/ 19,508 6,843 4,584 1,041 14,923 5,802 5,503 781 9,421 5,022 4,715 980 3,735 781 2,955 14,793 3,605 11,188 4,722 6,466 2,128 61 2,067 12,665 3,544 9,121 4,722 4,399 2,248 1,385 862 397 466 660 259 402 - - 402 1,588 1,127 461 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales * (-) 2,067 B. Related transactions with U.S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 397 64 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.