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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

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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 .