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FEDERAL RESERVE statistical release For immediate release, October 22, 1976 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended October 13, 1976 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) V Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 8 banks in New York City 38 banks outside New York 33 other 5 banks in Chicago banks 197 108 89 37 - - - - - - — 52 19,748 8,019 11,729 6,513 5,216 -19,551 -7,911 -11,640 -6,477 -5,164 134.3 139.0 131.2 429.4 70.1 Equals: Net basic reserve surplus or deficit (-): a. Net amount be 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 $67.1 million waivers of penalties for reserve deficiencies in accordance with Board policy change effective November 19, 1975. 2/ For details see Federal Funds Transactions of Major Reserve City Banks. NOTE: — Averages of daily figures. Substantial revisions have been made to the series beginning with period ending January 14, 1976. For revised data see Federal Reserve Bulletin, April 1976. H .5 (a) Federal F u n d s t r a n s a c t i o n s of Major Reserve City Banks for t h e Week e n d e d O c t o b e r 1 3 , 1 9 7 6 (In m i l l i o n s of dollars) 46 banks 8 banks in New York City 3 8 banks outside New York 5 banks in Chicago 3 3 other banks A. Interbank Federal f u n d s transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 26,142 6,394 8,361 343 17,781 6,051 7,113 600 10,668 5,452 4,964 342 4,621 599 4,022 21,178 8,019 13,159 6,514 6,646 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 1,430 1,430 — 1,430 19,748 8,019 11,729 6,514 5,216 4,297 1,930 2,367 352 2,014 969 222 747 213 533 3,328 1,708 1,620 139 1,481 B. Related transactions with U.S. Government securities dealers 1. Loans t o dealers 2 / 2. Borrowings f r o m dealers 3 / 3. Net loans 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; t h a t 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 s e unties from dealers subject t o resale) or other lending arrangements. 3/ Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements (sales of securities t o dealers subject t o repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Note:—Averages of daily figures.