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FEDERAL RESERVE statistical release FOR IMMEDIATE RELEASE February 22, 1974 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended February 13, 1974 (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 58 59 -1 18 -19 497 92 405 56 350 15,936 5,624 10,313 4,486 5,826 -16,375 -5,656 -10,719 -4,524 -6,195 105.3 90.6 115.2 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves 281.9 80.4 IJ 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 February 13, 1974 (In millions of dollars) 46 banks A. 36 banks outFide New York 5 banks 33 other in Chicaco banks 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. 8 banks in New York Citv Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 22,068 6,132 6,456 832 15,612 5,300 5,118 631 10,495 4,668 4,745 832 3,913 631 3,281 17,323 5,624 11,700 4,486 1,387 1,387 7,213 1,387 15,937 5,624 10,313 4,486 5,826 2,513 1,672 841 376 465 593 342 250 — 250 1,921 1,330 591 376 215 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 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 resale) 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.
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