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FEDERAL statistical RESERVE release For immediate release April 13, 1973 Reserve Positions of Major Reserve City Banks Reserve Period Ended April 4, 1973 (In millions of dollars unless otherwise noted) 46 banks 8 banks in New York City 38 banks outside New York 5 banks 33 other in Chicago banks Reserve excess or deficiency (-) 1J 250 135 114 14 101 Less: 554 100 454 — 454 9,206 3,612 5,594 2,335 3,259 - 9,510 -3,577 -5,933 -2,321 -3,612 67.2 62.4 70.4 156.9 52.0 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales ( - ) 2/ Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves V 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. Note: — Averages of daily figures. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended April 4, 1973 (In millions of dollars) 46 banks A. 38 banks outside New York 5 banks 33 other in Chicago banks Interbank Federal funds transactions 1• Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3• Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) B. 8 banks in New York City 15,528 4,798 10,730 2,856 7,875 6,322 1,186 5,136 521 4,615 4,412 893 3,519 512 3,006 11,116 3,904 7,211 2,343 4,868 1,910 292 1,618 9 1,609 9,205 3,612 5,593 2,335 3,259 1,509 939 570 304 266 402 224 178 26 153 1,107 715 392 278 113 Related transactions with U. S. Government securities dealers 1• Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 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 redale) 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*
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