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-voSL^'V
F

E

D

E

R

A

L

R

s t a t i s t i c a l

E

S

E

R

V

E

r e l e a s e
For

H. 5

immediate r e l e a s e
September 2 7 , 1974

R e s e r v e P o s i t i o n s of Major R e s e r v e C i t y Banks
R e s e r v e P e r i o d Ended SEPTEMBER 1 8 , 1 9 7 4
(In m i l l i o n s of d o l l a r s u n l e s s otherwise noted)

46 banks
Reserve e x c e s s or d e f i c i e n c y (•») 1 /
Less:

8 banks i n
New York C i t y

38 banks o u t s i d e New York

33othe r
5 banks
i n C h i c a g o bankn

L e s s : 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 or s a l e s ( - ) 2.1

68

101

.2

100

330

36

295

- -

295

13,238

4,343

8,896

3,554

5,341

-13,536

Borrowings from R e s e r v e Banks

33

-4,447

-9,089

-3,553

-5,537

77.9

63.0

88.1

185.3

65.9

.

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 ( - ) :
a.
b.

1/

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

Reserves held a f t e r a l l

adjustments a p p l i c a b l e to the r e p o r t i n g p e r i o d

carry-over and deficiencies, less the sum o f

2/

For d e t a i l s

r e q u i r e d reserves•

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.

Note: -- Averages of daily figures.




including allowable

1,6(9)

F e d e r a f F u n d s t r a n s a c t i o n s of M a j o r R e s e r v e C i t y B a n k s
for the Week ended

September

18,

1974

(In m i l l i o n s of d o l l a r s )

4 6 bank*

A. I n t e r b a n k F e d e r a l f u n d s
transactions

5 banks
in C h i c a g o

3 8 banks outside N e w York

I

.

•

-*

S „
V

18,820

13,317
4,422

. 4,401

8,916

1,160

847

3,575

4,986

*

5,503

5,582

a. P u r c h a s e s
b . Sales

' 2. J o t a l 2 w a y t r a n s a c t i o n s 1 /

1,160

3,826

847

2,979

,

3. Total net transactions
,

33 other
banks

•

1 G r o s s transactions
-

8 b a n k s in
N e w York City

a. N e t p u r c h a s e s of n e t
buying banks

13,834

b . Net sales of n e t
selling b a n k s

,

596

4,343

- -

9,491

3,554

596

——

5,937

596

v

c. N e t p u r c h a s e s o r sales

•w

.

13,238

4,343

8,895

3,554

5,341

3,665

1,859

1,806

364

1,442

919

697

222

2,746

1,162

1,583

B. R e l a t e d t r a n s a c t i o n s w i t h
U.S. G o v e r n m e n t s e c u r i t i e s
dealers
1. L o a n s t o d e a l e r s 2 /
2. Borrowings f r o m dealers 3 /
3 . N e t loans

1/

J.'

——

364

222
1,219

Derived f r o m a v e r a g e s f o r i n d i v i d u a l b a n k s f o r e n t i r e w e e k . F i g u r e f o r e a c h b a n k i n d i c a t e s e x t e n t t o w h i c h its w e e k l y a v e r a g e
p u r c h a s e s a n d sales a r e o f f s e t t i n g ; t h a t is, it is t h e lesser of t h e t w o a m o u n t s . G r o s s p u r c h a s e s less 2 - w a y t r a n s a c t i o n s e q u a l s n e t
p u r c h a s e s of n e t b u y i n g b a n k s . S i m i l a r l y , gross sales less 2 - w a y t r a n s a c t i o n s e q u a l s n e t sales of n e t selling b a n k s .

2/

F e d e r a l f u n d s l o a n e d , n e t f u n d s s u p p l i e d t o e a c h d e a l e r b y c l e a r i n g b a n k s , r e p u r c h a s e a g r e e m e n t s ( p u r c h a s e s of s e c u r i t i e s f r o m
d e a l e r s s u b j e c t t o r e s a l e ) or o t h e r l e n d i n g a r r a n g e m e n t s .

3/

.

F e d e r a l f u n d s - b o r r o w e d , n e t f u n d s a c q u i r e d f r o m e a c h d e a l e r b y c l e a r i n g b a n k s , r e v e r s e r e p u r c h a s e a g r e e m e n t s (sales of s e c u r i t i e s
. t o d e a l e r s s u b j e c t t o r e p u r c h a s e ) , resale a g r e e m e n t s , a n d b o r r o w i n g s s e c u r e d b y G o v ' t , or o t h e r i s s u e s .

N o t e : — A v e r a g e s of d a i l y f i g u r e s .