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FEDERAL
RESERVE
statistical release
For Immediate R e l e a s e
December 6 , 1974
Reserve Positions of Major Reserve City Banks
Reserve Period Ended November 2 7 , 1 9 7 4
(In millions of dollars unless otherwise noted)

46 banks

8 banks in
New York City

38 banks outside New York

33 other
5 banks
in Chicago banks.

38

59

Reserve excess or deficiency (-) 1_/

147

50

97

Less:

471

82

389

15,342

5,763

9,579

3,794

5,785

- 15,666

- 5,795

- 9,871

- 3,756

- 6,115

94.3

85.4

100.4

213.9

75.8

Borrowings from Reserve Banks

Less: Net interbank Federal funds
purchases or sales (-) 2/

389

- -

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 November 2 7 , 1 9 7 4
(In millions of dollars)

4 6 banks

8 banks in
New York City

3 8 banks outside New York

5 banks
ift Chicago

3 3 other
banks

A. Interbank Federal funds
transactions
1. Gross transactions
a. Purchases
b. Sales
2. Total 2-wav transactions 1/

21,227
5,885

6,921
1,158

14,306
4,727

4,630
836

9,676
3,891

5,080

1,158

3,922

836

3,087

16,146

5,763

10,383

3,794

6,589

3. Total net transactions
a. Net purchases of net
buying banks
b. Net sales of net
selling banks
c. Net purchases or sales
(-)

805

mm mm

805

——

805

15,342

5,763

9,579

3,794

5,785

3,050

1,707

1,343

341

1,002

922

572

351

2,128

1,135

992

B. Related transactions with
U.S. Government securities
dealers
1. Loans to dealers 2/
2. Borrowings from dealers 3/
3. Net loans

- -

341

351
651

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.