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FEDERAL RESERVE statistical release HIE 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 18, 1972 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 9 , 1972 ( 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 ) •A 46 banks 8 banks i n New York C i t y 38 banks o u t s i d e New York 33 o t h e r 5 banks i n Chicago banks 23 1 ^Reserve e x c e s s o r d e f i c i e n c y ( - ) 1/ 23 47 24 * iress: 22 22 - - 6,885 3,066 3,818 1,510 2,309 -6,930 -3,135 -3,795 -1,508 -2,286 51.6 59.4 46.6 114.8 33.5 Borrowings from R e s e r v e 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/ < — — 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 b» As p e r c e n t of a v e r a g e r e quired reserves > JV 2/ R e s e r v e s 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 allowable 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 . 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, Npte: — Averages of d a i l y f i g u r e s . ^ - H.5(a) F e d e r a l F u n d s t r a n s a c t i o n s o f M a j o r R e s e r v e C i t y Banks f o r t h e Week Ended February 9 , 1972 ( I n m i l l i o n s of d o l l a r s ) 46 b a n k s A. Interbank Federal transactions 1. 38 b a n k s o u t s i d e New York 5 banks i n Chicago funds 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 1/ 3. Total net a. be c. B. 8 banks i n New York C i t y 11,669 4,784 3,851 785 7,818 3,999 2,132 622 4,102 785 3,317 585 7,567 3,066 4,501 1,547 683 37 transactions Net p u r c h a s e s o f n e t buying banks Net s a l e s o f 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 (-) 683 6,884 3,066 3,818 1,509 1,639 1,332 307 95 121 56 65 1,518 1,276 242 Related t r a n s a c t i o n s with Ue Se G o v e r n m e n t s e c u r i t i e s dealers 1. L o a n s 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 95 1/ ~ D e r i v e d 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 w h i c h i t s w e e k l y a v e r a g e p u r c h a s e s 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 o f t h e two a m o u n t s . G r o s s p u r c h a s e s l e s s 2 - w a y 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• Similarly, gross sales less 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 b a n k s . 2/ ~ F e d e r a l f u n d s l o a n e d , n e t f u n d s s u p p l i e d 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 a g r e e m e n t s ( 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 other lending arrangements. 3/ ™" F e d e r a l f u n d s b o r r o w e d , n e t f u n d s a c q u i r e d from each d e a l e r by c l e a r i n g b a n k s , 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 to 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 a g r e e m e n t s , and b o r r o w i n g s s e c u r e d b y G o v ' t , o r 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 .
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