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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.