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FEDERAL RESERVE statistical • • • • LIBRARY H.5 release For immediate release August 27, 1971 RESERVt-^S^ -Reserve Positions of Major Reserve City Banks Reserve Period Ended August 18, 1971 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) 1_/ Less: * Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales ( - ) 2/ —y ^ Equals: Net basic reserve surplus <+ or deficit (-): M a. Net amount b. As per cent of average required reserves I 1/ !r 8 banks in New York City 38 banks outside New York 5 banks 33 other in Chicago banks 71 61 10 2 8 560 338 222 31 191 6,195 2,879 3,316 1,449 1,868 -6,684 -3,156 -3,528 -1,478 -2,050 51.3 60.3 45.3 114.9 31.5 Reserves held after all adjustments applicable to the reporting period including allowable carry-over and deficiencies, less the sum of required reserves. I 2/ For details see Federal Funds Transactions of Major Reserve City Banks. -4 i Note: — Averages of daily figures. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended August 18, 1971 (In millions of dollars) 46 banks A. 38 banks outside New York 5 banks 33 other in Chicago banks -.4 , Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) B. 8 banks in New York City 10,790 4,595 3,635 757 7,154 3,838 1,886 437 3,780 718 3,062 435 2,627 7,010 2,917 4,092 1,451 2,642 816 39 777 2 775 6,194 2,879 3,316 1,449 1,867 1,305 1,112 194 35 159 271 5,269 3.401,, " * ' Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 447 176 271 — 3. Net loans 858 935 -77 35 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 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. -112 •
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