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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