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FEDERAL w H . 5 # RESERVE statistical For immediate release August 17, 1973 0 LTIUURY release ,Reserve Positions of Major Reserve City Banks 'Reserve Period Ended August 8, 1973 (In millions of dollars unless otherwise noted) f?rs r RV£-^^ y 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/ 152 51 102 42 Less: 361 90 271 — Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 60 271 7,477 2,276 5,202 1,975 3,227 -7,687 -2,315 -5,372 -1,933 -3,439 52.3 39.1 61.3 122.6 47.9 Equals: Net basic reserve surplus or deficit (-): a. Net amount be As per cent of average required reserves 1J 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 August 8, 1973 (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. Total net transactions a. b. c. B. 8 banks in New York Citv Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 14,166 6,689 4,104 1,829 10,062 4,860 2,767 793 7,295 4,067 4,715 1,437 3,278 672 2,606 9,451 2,667 6,784 2,095 4,689 1,974 392 1,582 121 1,462 7,477 2,275 5,202 1,975 3,227 1,867 860 1,007 493 514 460 268 192 1,407 592 815 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans -- 493 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. 21 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. 192 322
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