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FEDERAL RESERVE s t a t i s t i c a l release For immediate November 7, release 1975 Reserve Positions of Major Reserve City Banks Reserve Period Ended O c t o b e r 2 9 , 1975 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) 1/ Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 8 banks in New York City 93 69 — 38 banks outside New York — 9,960 2,274 25 33 other 5 banks in Chicago banks 14 11 — - - 7,686 3,729 3,957 Equals: Net basic reserve surplus o r deficit (-): a. Net amount b. As per cent of average required reserves -9,867 -2,206 -7,661 -3,715 -3,946 63.8 35.8 82.5 228.8 51.5 1/ Reserves held after all adjustments applicable to the reporting period including allowable carry-over and deficiencies, less the sum of required reserves, 2/ For details see Federal Funds Transactions of Major Reserve City Banks• Note: — Averages of daily figures. 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 M a j o r Reserve C i t y B a n k s f o r t h e Week e n d e d October 29, 1975 (In m i l l i o n s of dollars) 4 6 banks 8 banks in New York City 3 8 banks outside N e w Y o r k 5 banks in Chicago 3 3 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 15,987 3,487 12,500 4,743 7,758 6,027 1,212 4,815 1,014 3,801 4,387 975 3,413 996 2,417 11,600 2,512 9,088 3,747 5,341 b. Net sales of net selling banks 1,640 238 1,402 18 1,384 c. Net purchases or sales (-) 9,960 2,274 7,686 3,729 3,957 2,248 1,250 998 496 502 402 186 216 1,846 1,063 783 2. Total 2-way transactions 1/ 3. Total net transactions a. Net purchases of net buying banks B. Related transactions w i t h U.S. Government securities dealers 1. Loans t o dealers 2 / 2. Borrowings f r o m dealers 3 / 3. Net loans V 216 496 286 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; 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 t o each dealer by clearing banks, repurchase agreements (purchases of securities f r o m dealers subject t o resale) or other lending arrangements. 3/ Federal funds borrowed, net funds acquired f r o m 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. Note:—Averages of daily figures.