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Lot GOl ED ERA L L I B R A R Y R s t a t i s t i c a l E S E R V E r e l e a s e For immediate release RESERVE-S August 13, 1971 >H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended August 4, 1971 > (In millions of dollars unless otherwise noted) X . v.: 46 banks 8 banks in New York City 38 banks outside New York 33 other 5 banks in Chicago banks Reserve excess or deficiency (-) 1 / _ 83 100 Less: 1 183 165 43 122 5,190 2,002 3,188 1,422 1,766 -5,172 -1,962 -3,210 -1,423 -1,787 39.7 38.1 40.8 108.9 27.2 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 101 1 122 — Equal s: Net basic reserve surplus * or deficit (-): a. b. V Net amount As per cent of average required reserves Reserves held after all adjustments applicable to the reporting period including allowable carry-over and deficiencies, less the sum of required reserves. > 2/ JT- 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 August 4, 1971 (In millions of dollars) 46 banks A. 38 banks outside New York 5 banks 33 other in Chicago banks Interbank Federal funds transactions 1. - * Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. 9,613 4,423 3,011 1,008 6,603 3,415 1,968 545 4,635 2,869 3,681 990 2,691 514 2,176 5,932 2,020 3,912 1,453 2,459 742 18 7% 31 693 5,190 2,002 3,188 1,422 1,766 1,201 971 230 87 144 - - 321 Total net transactions a. b. c. B. 8 banks in New York City Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 396 75 321 3. Net loans 805 896 91 87 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. 2/ Federal funds loaned, net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject to regale) 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. - 178
@FedFRASER