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FEDERAL RESERVE statistical release For immediate release December 28, 1973 Reserve Positions of Major Reserve City Banks Reserve Period Ended , December 19, 1973 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) 1J Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 8 banks in New York City 38 banks outside New York 33 other 5 banks in Chicago banks 40 86 -46 -23 -23 768 163 606 - - 606 14,949 4,940 10,009 4,085 5,924 -15,677 -5,017 -10,661 -4,108 -6,553 100.5 78.7 115.4 251.3 86.2 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves V 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 19, 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 City Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 20,537 5,588 5,788 848 14,749 4,740 4,766 681 9,983 4,059 5,028 848 4,180 681 3,498 15,509 4,940 10,570 4,084 6,485 561 561 561 14,948 4,940 10,009 4,084 5,924 2,322 1,674 649 366 283 503 329 174 — 174 1,819 1,344 475 366 109 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 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. 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.
@FedFRASER