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•^bfcog;. FEDERAL RESERVE statistical release For i m m e d i a t e release December 17, 1971 H. 5 Reserve Positions of Major Reserve City Banks Reserve Period Ended D e c e m b e r 8, 1971 (In millions of dollars unless otherwise noted) —- f 46 banks Peserve excess or deficiency ( - ) V Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales ( - ) 2/ i Equals: Net basic reserve surplus or deficit (-): A a. Net amount b. As per cent of average required reserves 155 — 8 banks in New York City 122 - - 38 banks outside New York 33 other 5 banks in Chicago banks 34 6 - - - - 28 — 7,098 2,381 4,718 1,337 3,381 -6,943 -2,259 -4,684 -1,331 -3,353 54.1 44.4 60.4 107.3 51.4 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 8, 1971 (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. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) B. 8 banks in New York City 11,121 4,022 3,223 843 7,897 3,180 1,933 596 5,964 2,584 3,796 822 2,974 574 2,400 7,325 2,402 4,924 1,360 3,564 227 21 206 22 184 7,098 2,381 4,717 1,337 3,380 1,789 1,299 490 114 376 164 76 89 1,625 1,223 402 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2,/ 2. Borrowings from dealers 3/ 3. Net loans — 114 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 redale) or other lending arrangements. 2/ 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. 89 288
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