Full text of H.5 Selected Borrowings in Immediately Available Funds of Large Commercial Banks : April 9, 1971 : correction

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46 banks

>

8 banks in
New York City

38 banks out­
side New York

33 other
5 banks
in Chicago banks

Reserve excess or deficiency (-) l_/

66

19

47

16

32

Less:

46

46

—

—

—

6,906

2,737

4,169

1,426

2,743

-6,885

-2,764

-4,122

-1,411

-2,711

53.0

52.2

53.5

109.0

42.3

Borrowings from Reserve Banks

L^ss:
Net interbank Federal funds
purchases or sales (-) 2/
M\
Equals:
Net basic reserve surplus
or deficit (-):
a.
yb.

Net amount
As per cent of average re­
quired reserves

1y

Reserves held after all adjustments applicable to the reporting period including allowable
carry-over and deficiencies, less the sum of required reserves.

2)1

For details see Federal Funds Transactions of Major Reserve City Banks.

Nbte: —

Averages of daily figures.

i

V

T



Federal Funds transactions of Major Reserve City Banks
for the Week Ended Corrected March 17, 1971
(In millions of dollars)

46 banks
A.

8 banks in
New York City

38 banks outside New York

5 banks 33 other
in Chicago banks -

•». ■

Interbank Federal funds
transactions

4

1.

V

Gross transactions
a.
b.

Purchases
Sales

2.

Total 2-way transactions 1/

3.

Total net transactions

10,003
3,097

3,509
772

6,494
2,325

1,884
457

4,611 "
1,868 <

2,892

772

2,120

389

1,731 '
rV
w

a.
b.
c.

B.

Net purchases of net
buying banks
Net sales of net
selling banks
Net purchases or sales
(-)

7,111

2.737

4,374

1,495

: >%■
2,879 y

205

1

205

68

137 -

6,906

2.737

4,169

1,427

2,743

Related transactions with
U. S. Government securities
dealers
1.

Loans to dealers 2 /

2.

Borrowings from dealers 3/

3.

Net loans

H

1,926

1,269

658

68

590 -

200

142

58

--

58 "

1,727

1,127

600

68

533

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 trans­
actions 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 repur­
chase), resale agreements, and borrowings secured by Gov't, or other issues.

Note: -- Averages of daily figures.




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