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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.