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FEDERAL RESERVE statistical release For immediate release December 15, 1972 Reserve Positions of Major Reserve City Banks Reserve Period Ended December 6, 1972 (In millions of dollars unless otherwise noted) 46 banks 8 banks in New York City 38 banks outside New York 5 banks 33 other in Chicago banks Reserve excess or deficiency (-) 1/ 106 55 51 20 31 V Less: 139 43 96 64 32 V Less: Net interbank Federal funds purchases or sales (-) 2/ 8,614 4,245 4,370 1,648 2,722 -8,648 -4,233 -4,415 -1,693 -2,723 64.9 79.7 55.1 125.4 40.9 > Borrowings from Reserve Banks Equals: Net basic reserve surplus or deficit (-): • -4 ~1 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 6, 1972 (In millions of dollars) 46 banks A. 8 banks in New York Citv 38 banks outside New York 5 banks 33 other in Chicago banks 1 • 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 (-) 13,893 5,279 4,813 569 9,080 4,710 2,343 695 4,629 569 4,060 649 6,73f ' 4,015i. - 3.411K' * 9,264 4,244 650 8,615 4,244 5,020 1,694 650 46 4,370 1,648 ~ 3,32er 604* 2,722 ' B. Related transactions with U. S. Government securities dealers 1. Loans to dealers If 2. Borrowings from dealers 3/ 3. Net loans - 2,434 1,821 613 153 33 120 2,281 1,788 493 197 - - 197 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. 41(3 120 296.. t-" ** ^- ^ * Note: — Averages of daily figures. -