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. • o OfCOW FEDERAL RESERVE ca I re I 5F®Hm e a s e •"f?4LRE^-' LIBRARY H. 5 For immediate release April 16, 1971 Reserve P n [ R M S # R p g p n r p City Banks Reserve Period Elided April 7, 1971 (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/ > b. r> 185 11 — -- 38 banks outside New York 174 33 other 5 banks in Chicago batiks 18 157 — — 8,213 3,566 4,647 1,450 3,197 -8,028 -3,556 -4,473 -1,432 -3,040 63,5 69,7 59.3 116,6 48,2 Equals: Net basic teairve surplus or deficit (-): a. Net amount > 8 batiks in New York City As pet cent df avetage required resefrves _!/ Reserves held after all adjustments applicable to the repotting period including allowable carry-over and deficiencies, less the sum of requited reserves. 2/ For details see Federal Funds transactions of Major Reserve City Banks* Note: -- Averages of daily figures. Y H.5(a) />> " Federal Funds transactA&fts of Major Reserve City Banks for the Week Endef y'fPS^V/?1 (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 11,183 2,970 4,089 523 7,094 2,447 1,846 396 5,248 2,051 2,799 523 2,276 335 1,941 8,384 3,566 4,817 1,511 3,307 171 61 110 171 8,213 3,566 4,646 1,450 3,196 2,811 1,471 1,340 112 1,228 183 88 95 2,629 1,383 1,246 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans - - 112 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. 95 1,134 ,
@FedFRASER