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FEDERAL
Kill
H.5

RESERVE

statistical

J L I i i i %. \
\ ^
RESERVE S ^

release

.

For immediate release
December 7, 1973
rve Positions of Major Reserve City Banks
^erve Period Ended November 28, 1973
(In millions of dollars unless otherwise noted)

46 banks
Reserve excess or deficiency (-) 1/
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.
65

11

88

12

76

270

76

195

11,773

3,692

8,081

3,448

4,633

-11,955

-3,756

-8,199

-3,437

-4,763

79.8

63.3

90.6

226.2

63.3

195

- -

Equals: Net basic reserve surplus
or deficit (-):
a.

Net amount

be

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 28, 1973
(In millions of dollars)

A.

8 banks in
N e w York City

3 8 banks outside N e w York

18,265
6,492

4,787
1,095

13,478
5,397

4,371
924

9,107
4,474

5,304

1,095

4,208

847

3,362

12,962

3,692

9,270

3,525

5,745

1,189

77

1,112

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.

5 banks 33 other
in Chicago banks

46 banks

Net purchases of net
buying banks
Net sales of net
selling banks
Net purchases or sales

(-)

1,189

- -

11,773

3,692

8,081

3,448

4,633

1,890

1,273

618

330

287

765

395

370

- -

370

1,125

878

248

330

-82

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.

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.