The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
r ^ : FEDERAL RESERVE s ta tistica I X release For immediate release X x^%- - February 19, 1971 Reserve Positions of Major Reserve City Banks Reserve Period Ended February 10, 1971 (In millions of dollars unless otherwise noted) > 46 banks 8 banks in New York City 38 banks outside New York 33 other 5 banks in Chicago banks - Reserve excess or deficiency (-) 1/ 27 27 54 Itess: — - - - - Borrowings from Reserve Banks Less: Net interbank Federal funds > purchases or sales (-) 2/ 45 9 — 7,693 2,551 5,141 1,468 3,674 - 7,666 - 2,578 - 5,088 - 1,459 - 3,629 59.5 49.4 66.4 117.3 56.6 Equals: Net basic reserve surplus > or deficit (-): * a. b. » Net amount As per cent of average required reserves 1/ * 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. Nrote: — Averages of daily figures. k ¥ H.5(a) Federal Funds transactions of Major Reserve City Banks for" the Week Ended February 10, 1971 (In millions of dollars) 46 banks A. 38 banks outslde New York 5 banks in Chicago Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-wav transactions 1/ 3. Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) B. 8 banks in New York City 10,459 2,766 3,349 798 7,110 1,968 1,800 2,662 755 1,907 292 7,797 2,594 5,203 1,509 104 43 61 41 2,551 5,142 1,468 3,158 1,668 1,490 113 99 89 10 3,058 1,579 1,479 7,693 332 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 113 1/ ™ Derived from averages for individual banks for entire week. Figure for each bank 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 rettle) or other lending arrangements. 3/ - Federal funds borrowed, net funds acquired from 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 daily figures.
@FedFRASER