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FEDERAL RESERVE statistical release For immediate r e l e a s e October 3 1 , 1975 Reserve Positions of Major Reserve City Banks Reserve Period Ended O c t o b e r 22, 1 9 7 5 (In millions of dollars unless otherwise noted) 46 banks Reserve e x c e s s or d e f i c i e n c y ( - ) Less: 1/ Borrowings from R e s e r v e Banks Less: Net i n t e r b a n k F e d e r a l f u n d s p u r c h a s e s o r s a l e s ( - ) 2/ - 8 banks i n New York C i t v AO -1-9 31 . i-2- 102. 95 . 7 11,513. 2,H0 " 9,403 ^ a. Net amount As p e r c e n t o f a v e r a g e r e quired r e s e r v e s 5 -11,632k -2,236 73.9, 35.0 5 banks 33 o t h e r i n C h i c a g o banks 11 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 ( - ) : r 38 banks o u t s i d e New York . 12 • 23 ' 7 - mm mm 4,098 . 5,305 . a 1 -9,39% 100.5 . -4,109 . 246.2 . -5,289 • 68.9 ' 1/ Reserves held a f t e r a l l adjustments a p p l i c a b l e to the reporting period including allowable 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 o f r e q u i r e d r e s e r v e s • 2/ For d e t a i l s Note: — s e e F e d e r a l Funds T r a n s a c t i o n s o f Major R e s e r v e C i t y Banks. Averages o f d a i l y f i g u r e s . ( 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 2 2 , 1 9 7 5 (In m i l l i o n s of dollars) 4 6 banks 8 b a n k s in New York City 3 8 banks o u t side N e w Y o r k 5 banks in C h i c a g o 33 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 17,3145,802 , 3,456" 1,346 13,858 4,456 5,048 950 4,405. 993 3,412 933 12,909. 2,463 10,446 4,114 1,397 353 1,044 17 11,513 2,110 9,403 1,529 1,414 • 8,811 3,5062,478 - 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) ' 4,098 6,332 1,027- • 5,30& B. Related transactions with U.S. Government securities dealers 1. Loans to dealers 2 / 2. Borrowings from dealers 3/ 3. Net loans 1/ ~ 2/ 2,943 . 363 165 198 2,580 1,364 1,216 545 869 198 - 545 671 " Derived f r o m 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. Federal funds loaned, net funds supplied t o each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject t o resale) or other lending arrangements. 3/ Federal f u n d s borrowed, net funds acquired from 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.