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FEDERAL RESERVE statistical release For immediate release December 8, 1972 Reserve Positions of Major Reserve City Banks Reserve Period Ended November 29, 1972 (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 17 52 35 9 26 219 60 159 9 150 7,836 4,321 3,515 1,508 2,007 -8,038 -4,329 -3,709 -1,526 -2,183 61.6 84.9 46.7 117.3 32.9 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves 1J 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 29, 1972 (In millions of dollars) A. 38 banks outside New York 13,387 5,551 4,978 658 8,409 4,893 2,272 764 6,136 4,129 4,219 658 3,561 723 2,838 9,168 4,321 4,848 1,549 3,298 1,332 41 1,291 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 8 banks in New York Cltv 46 banks Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 1,332 - - 7,836 4,321 3,515 1,508 2,007 2,061 1,581 479 118 361 169 55 114 6 108 1,892 1,526 366 113 253 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 1/ ~ uerivea rron average# iwr iuuiviuu«i ™ 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 ftom 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 dally figures.