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FEDERAL RESERVE statistical release f*4L RES^ For immediate release April 21, 1972 Reserve Positions of Major Reserve City Banks Reserve Period Ended April 12, 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/ 120 — 8 banks in New York Citv 69 38 banks outside New York 51 — — 5 banks 33 othei In Chicago banks. - 10 61 - • 7,814 3,976 3,838 2,032 1,806 -7,694 -3,907 -3,787 -2,042 -1,745 56.1 71.9 45.7 151.1 25.2 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average requited reserves 1/ 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 12, 1972 (In millions of dollars) 1 46 banks A. 8 banks in New York Citv 38 banks outside New York 5 banks 33 other in Chicago banks Interbank Federal funds transactions 1. Gross transactions a. b. 2. Purchases Sales Total 2-way transactions 1/ 13,038 5,224 4,438 462 8,600 4,762 2,657 625 5,943 4,137 4,004 462 3,542 570 2,972 9,034 3,976 5,058 2,087 2,971 1,220 55 1,164 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c• Net purchases or sales <-) 1,220 —•» 7,814 3,976 3,839 2,032 1,806 1,590 1,157 433 206 228 685 55 631 - - 631 905 1,102 -197 B. Related transactions with U# S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 206 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 dally figures. -403
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