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,0*00Ur* FEDERAL RESERVE statistical release For immediate release December 14, 1973 Reserve Positions of Major Reserve City Banks Reserve Period Ended December 5, 1973 (In millions of dollars unless otherwise noted) 46 banks 8 banks in New York City 38 banks outside New York 29 Reserve excess or deficiency (-) 1/ 178 149 Less: 322 — Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 5 banks 33 other in Chicago banks 14 16 322 mm w 322 12,076 3,774 8,302 3,455 4,847 -12,219 -3,625 -8,594 -3,442 -5,153 80.5 58.7 95.4 232.7 68.4 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 City Banks for the Week Ended December 5, 1973 (In millions of dollars) A. 5 banks 33 other in Chicago banks 46 banks 8 banks in New York Citv 38 banks outside New York 18,089 6,013 4,686 912 13,403 5,101 4,386 931 9,018 4,171 5,041 912 4,129 859 3,270 13,048 3,774 9,274 3,527 5,747 972 72 901 Interbank Federal funds transactions 1. Gross transactions a. b. Purchases 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 H B. 972 - - 12,076 3,774 8,302 3,455 4,847 1,801 1,198 603 356 247 669 351 318 1,132 847 285 Related transactions with U. S. Government securities dealers 1e Losne to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans - - 356 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 redalc) 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. 318 -71
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