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FEDERAL RESERVE statistical release For immediate release April 9, 1971 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended March 31, 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 / 172 18 8 banks in New York City 38 banks out side New York 5 banks 33 other in Chicago banks 147 25 9 17 — 18 14 4 5,934 2,713 3,221 1,060 2,161 -5,779 -2,566 -3,213 -1,066 -2,148 45.0 49.5 42.0 85.0 33.6 ^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 v • carry-over and deficiencies, less the .sum of required reserves. *11 For details see Federal Funds Transactions of Major Reserve City Banks. * Note: — Averages of daily figures. y Federal Funds transactions of Major. Reserve City Banks for the Week Ended March 31, 1971 (In millions of dollars) >- 46 banks 8 banks in New York Citv 38 banks out side New York 5 banks 33 other in Chicago banks Interbank Federal funds transactions 1-. *• a. Purchases * b. Sales «•j 2.! Total 2-way transactions 1/ 3j Total net transactions ^ ,♦ a. b. ." c. ¥ i Gross transactions Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 4,176 2,015 ' 8,998 3,065 3,419 706 5,580 2,359 1,404 344 2,687 657 2,029 295 1,734 6,312 2,762 3,550 1,109 2,442 378 49 330 49 281 5,933 2,713 3,220 1,060 2,161 1,879 1,252 626 106 520 440 173 267 — 267 1,439 1,079 360 106 253 Related transactions with U. S. Government securities v dealers > 1. ft * Loans to dealers 2/ ^ 2*. Borrowings from dealers 3/ 3. Net loans -y 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; tfiat 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. federal funds loaned, net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject to redale) dr other lending arrangements. Federal funds borrowed, net funds acquired from each dealer by clearing banks, feverse repurchase agreements (sales of securities to dealers subject to repur chase), resale agreements, and borrowings secured by Gov't, or other issues. te*" — Averages of daily figures. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis L -