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FEDERAL
m

RESERVE

statistical

release
For immediate release
October 29, 1971

H.5

Reserve Positions of Major Reserve City Banks
Reserve Period Ended October 20, 1971
(In millions of dollars unless otherwise noted)

46 banks
.y Reserve excess or deficiency (-) 1/
1 less:

Borrowings from Reserve Banks

Less: Net. interbank Federal funds
purchases or sales (-) 2/

8 banks in
New York City

33

38 banks outside New York

33 other
5 banks
in Chicago banks

34

2

32

112

31

81

4

77

6,583

2,331

4,252

1,213

3,039

-6,661

-2,362

-4,299

-1,215

-3,084

50.4

44.6

54.3

93.6

46.6

Equals: Net basic reserve surplus
or deficit (-):
'

a.

Net amount

b.

As per cent of average required reserves

1/
r
' 2/

Reserves held after all adjustments applicable to the reporting period including allowable
carry—over and deficiencies, less the sum of required reserves.
For details see Federal Funds Transactions of Major Reserve City Banks.

Note: —

Averages of daily figures.




H.5(a)

Federal Funds transactions of Major Reserve City Banks
for the Week Ended
October 20, 1971
(In millions of dollars)

A.

8 banks in
New York City

38 banks outside New York

10,782
4,199

3,377
1,047

7,405
3,153

1,693
480

3,577

983

2,594

480

7,205

2,395

4,810

622

64

559

6,583

2,331

4,252

1,213

1,722

1,259

463

96

406

110

296

1,317

1,149

168

Interbank Federal funds
transactions
1.

Gross transactions
a.
b.

Purchases
Sales

2.

Total 2-way transactions 1J

3.

Total net transactions
a.
b.
c.

B.

5 banks
in Chicago

46 banks

Net purchases of net
buying banks
Net sales of net
selling banks
Net purchases or sales
(-)

2,114
>

%

1,213

3,597
559
3,039

Related transactions with
U. S. Government securities
dealers
1.

Loans to dealers 2/

2.

Borrowings from dealers 3/

3.

Nfet loans

96

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.




72