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R E S E R V E F E D E R A L caI release For immediate release April 23, 1971 H.5 Reserve Po^i>^^ftt^88EWBjB^<'Keserve City Banks Reserve Period Ended 1971 (In millions of dollars unless otherwise noted) 46 banks *Peserve excess or deficiency (-) 1/ Less: Borrowings from Reserve Banks Less: Net interbank Federal funds " purchases or sales (-) 2/ 8 banks in New York City 38 banks outside New York 5 banks 33 other in Chicago banks 93 97 17 17 9,940 4,444 5,495 1,712 3,783 -9,863 -4,365 -5,499 -1,713 -3,785 77.2 85.1 72.0 138.1 59.2 Equals: Net basic reserve surplus or deficit (-): '* a. Net amount x b. As per cent of average re4 quired 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 £iaj£r - |e#erye, City Banks for" the Week Ended March 14, *19 7 i > (In of dollars) ^ 46 banks A. 38 banks outside New York 5 banks 33 other in Chicago banks Interbank Federal funds transactions 1. •4 Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. b. c. B. 8 banks in New York Citv Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 13,232 3,293 5,000 555 8,233 2,737 2,100 387 6,133 4 2,350 3,132 555 2,577 341 2,235^- 10,100 4,444 5,656 1,759 3,898 * 161 46 5,496 1,713 161 9,940 4,444 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 3,246 1,545 1,700 135 45 90 3,110 1,500 1,610 114 — 114 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. hX' 3,783 ^ * 1/ — 115< 1,587^ 90 ^ 1,497 - « v
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