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F E D E R A L R E S E R V E statistical For i m m e d i a t e r e l e a s e F e b r u a r y 16, 1973 _0r«V£RIIOto^ « • $ # < MBjRARlf RFSFRVE-S<S> Reserve P o s i t i o n s of Major Reserve C i t y Banks Reserve P e r i o d Ended F e b r u a r y 7 , 1973 ( I n m i l l i o n s of d o l l a r s u n l e s s o t h e r w i s e n o t e d ) 46 banks P e s e r v e e x c e s s o r d e f i c i e n c y ( - ) 1/ Less: release Borrowings from Reserve Banks L e s s : Net i n t e r b a n k F e d e r a l f u n d s purchases or s a l e s ( - ) 2/ 8 banks i n New York C i t y 38 banks o u t s i d e New York 5 banks 33 o t h e r i n Chicago bank** 73 8 65 4 61 424 172 252 7 245 8,743 3,523 5,220 2,112 3,109 -9,093 -3,686 -5,407 -2,115 -3,292 66.5 66.9 66.1 152.1 48.5 E q u a l s : Net b a s i c r e s e r v e s u r p l u s or d e f i c i t ( - ) : a. Net amount be As p e r c e n t of a v e r a g e r e quired reserves 1/ Reserves h e l d a f t e r a l l a d j u s t m e n t s a p p l i c a b l e t o t h e r e p o r t i n g p e r i o d i n c l u d i n g a l l o w a b l e c a r r y - o v e r and d e f i c i e n c i e s , l e s s t h e sum of r e q u i r e d r e s e r v e s . 2/ For d e t a i l s see F e d e r a l Funds T r a n s a c t i o n s of Major Reserve C i t y Banks. Note: — Averages of d a i l y f i g u r e s . H.5(a) Federal Funds t r a n s a c t i o n s of Major Reserve C i t y Banks f o r the Week Ended February 7, 1973 ( I n m i l l i o n s of d o l l a r s ) 46 banks A. 38 banks o u t s i d e New York 5 banks 33 o t h e r i n Chicago banks I n t e r b a n k F e d e r a l funds transactions 1. Gross t r a n s a c t i o n s a. b. Purchases Sales 2. T o t a l 2-way t r a n s a c t i o n s V 3. Total n e t t r a n s a c t i o n s a. b. c. B. 8 banks i n New York C i t v Net p u r c h a s e s of n e t buying banks Net s a l e s of n e t s e l l i n g banks Net p u r c h a s e s o r s a l e s (-) 13,854 5,111 4,452 929 9,402 4,182 2,746 635 6,656 3,547 4,161 929 3,232 635 2,598 9,693 3,523 6,170 2,112 4,058 950 — 950 - - 950 8,743 3,523 5,220 2,112 3,108 2,010 1,287 724 128 596 307 169 139 - - 139 1,703 1,118 585 128 457 Related t r a n s a c t i o n s w i t h U. S. Government s e c u r i t i e s dealers 1. Loans t o d e a l e r s 2 / 2. Borrowings from d e a l e r s 3/ 3. Net l o a n s 1/ Derived from a v e r a g e s f o r i n d i v i d u a l banks f o r e n t i r e week. F i g u r e f o r each bank i n d i c a t e s e x t e n t t o which i t s weekly average purchases and s a l e s a r e o f f s e t t i n g ; t h a t i s , i t i s t h e l e s s e r of t h e two amounts. Gross p u r c h a s e s l e e s 2-way t r a n s a c t i o n s e q u a l s n e t p u r c h a s e s of n e t buying banks. S i m i l a r l y , g r o s s s a l e s l e s s 2-way t r a n s a c t i o n s e q u a l s n e t s a l e s of n e t s e l l i n g banks. 2/ Federal funds l o a n e d , n e t funds supplied t o each d e a l e r by c l e a r i n g b a n k s , r e p u r c h a s e agreements ( p u r c h a s e s of s e c u r i t i e s from d e a l e r s s u b j e c t t o r e s a l e ) or o t h e r l e n d i n g a r r a n g e m e n t s . 3/ "" Federal f u n d s borrowed, n e t funds acquired from each d e a l e r by c l e a r i n g banks, r e v e r s e r e p u r c h a s e agreements ( s a l e s of s e c u r i t i e s t o d e a l e r s s u b j e c t t o r e p u r c h a s e ) , r e s a l e agreements, and borrowings secured by G o v ' t , or o t h e r i s s u e s . Note: — Averages of d a i l y f i g u r e s .