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FEDERAL m * * f*4L RESERVE statistical release For immediate release August 16, 1974 R t ^ H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended August 7, 1974 (In millions of dollars unless otherwise noted) — ; 46 banks Reserve excess or deficiency (-) 1/ 107 Less: 123 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2 / 8 banks in New York City 25 38 banks outside New York 83 123 33 other 5 banks in Chicago banks 65 18 - 123 - 14,388 4,490 9,898 3,703 6,195 -14,404 -4,466 -9,938 -3,685 -6,254 84.6 64.1 98.8 198.3 76.2 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 Ci y Banks for the Week ended AUGUST 7, 1974 (In millions of dollars) 46 banks 8 banks in New York City 3 8 banks outside New York 5 banks in Chicago 33 other banks A. Interbank Federal funds transactions 1. Gross transactions 20,168 5,779 6,338 1,848 13,829 3,932 4,524 821 9,306 3,111 5,005 1,425 3,580 812 2,768 15,162 4,913 10,249 3,712 6,538 774 423 352 9 342 14,388 4,491 3,703 6,195 1. Loans to dealers 2/ 3,168 1,886 332 950 2. Borrowings from dealers 3/ 1,170 635 535 3. Net loans 1,998 1,251 747 a. Purchases b. 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 (-) . 9,898 B. Related transactions with U.S. Government securities dealers 1/ 2/ 1,282 535 332 416 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. 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.
@FedFRASER