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of coy/ . F E P M A U ^ W l i . , 1 flffi - 9 I97M r e s e r v e release For immediate release April 5, 1974 Reserve Positions of Major Reserve City Banks Reserve Period Ended March 27, 1974 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) V 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 33 other 5 banks in Chicago banks 31 15 16 684 32 652 15,047 4,385 10,662 3,877 6,785 -15,699 -4,402 -11,298 -3,867 7,430 104.1 73.2 124.5 247.4 98.9 10 7 652 — Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required 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 March 27, 1974 (In millions of dollars) A. 1 5 banks 33 other | in Chicago banks 8 banks in New York City 38 banks outside New York 21,321 6,274 5,725 1,339 15,597 4,935 4,691 814 10,906 4,121 5,371 1,245 4,126 814 3,312 15,951 4,480 11,471 3,877 7,594 904 95 809 15,047 4,385 10,662 3,877 6,785 1,575 828 747 457 289 46 banks Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way -transactions 1/ 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 809 B. Related transacticrs with U. S. Government securities dealers 1. Loans to dealers If 2. Borrowings from dealers 3/ 682 368 314 3. Net loans 893 460 433 | - - 314 457 -25 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, 27 Federal funds loaned, net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject to rei&le} or other lending arrangements. 3/ Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agrees mtc (sales of securities to dealers subject to repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Note: — Averages of daily figures.
@FedFRASER