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FEDERAL RESERVE statistical release For immediate release September 8, 1972 Reserve Positions of Major Reserve City Banks Reserve Period Ended August 30, 1972 (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/ A 38 banks outside New York 33 other 5 banks in Chicago banks 3 1 62 61 2 166 85 82 5,766 3,297 2,470 1,130 1,340 -5,870 -3,321 -2,550 -1,131 -1,419 43.3 63.2 30.8 83.6 20.5 82 - - Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves ^ 1/ ' 8 banks in New York City 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. v W* ~ Averages of daily figures. f Note: — 4 J H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended August 30, 1972 (In millions of dollars) 46 banks 8 banks in New York Citv 38 banks outside New York 5 banks 33 other^ ^ in Chicago banks v A. 1. A Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. A' -A 12,357 6,590 4,075 778 8,282 5,812 2,102 973 6,180 4,840 4,426 758 3,668 869 2,799 Total net transactions a. b. c. B. « Interbank Federal funds transactions Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) .. r r I h s 7,931 3,317 4,614 1,233 3,381 > 2,164 21 2,144 103 2,040 y 5,767 3,297 2,470 1,130 1,341 1,624 1,247 377 161 216 328 64 264 -- 264 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 2/ 3. Net loans 1,296 1,183 113 i "" M ^ 161 - 48 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. 4
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