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c FEDERAL RESERVE statistical release MM For immediate r e l e a s e May 9 , 1 9 7 5 * • f*AL H.5 R e s e r v e P o s i t i o n s o f 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 A p r i l 3 0 , 1 9 7 5 ( I n m i l l i o n s of d o l l a r s u n l e s s o t h e r w i s e n o t e d ) 46 banks Reserve e x c e s s or d e f i c i e n c y ( - ) 1/ Less: 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 funds purchases or s a l e s ( - ) 2/ 8 banks i n New York C i t y 38 banks o u t s i d e New York 33 o t h e r 5 banks i n Chicago banks 69 3 72 11 62 142 67 75 36 39 9,755 1,687 8,068 3,532 4,536 -9,827 -1,757 -8,070 -3,557 -4,513 E q u a l s : 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. ^ 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 60.2 26.1 84.2 204.1 57.6 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 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: — A v e r a g e s o f d a i l y f i g u r e s . I H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week ended A p r i l 3 0 , 1 9 7 5 (In millions of dollars) 46 banks 8 banks in New York City 3 8 banks outside New York 5 banks in Chicago 3 3 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 17,254 7,499 3,932 2,245 13,322 5,254 4,499 968 8,823 4,287 5,192 1,616 3,577 967 2,609 12,062 2,317 9,745 3,532 6,213 2,307 630 1,677 9,755 1,687 8,068 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) —— 3,532 B. Related transactions with U.S. Government securities dealers 4,536 Z V ( 1. Loans to dealers 2! 2,120 995 1,126 2. Borrowings from dealers 3/ 1,363 393 970 757 602 155 3. Net loans 1,677 291 - - 291 835 970 -136 V 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. V
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