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FEDERAL
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H. 5
RESERVE
statistical
For immediate release
February 26, 1971
sove mots^
^
f T 1~{ R
release
Reserve Positions of Major Reserve City Banks
A T^*"yReserve Period Ended February 17, 1971
millions of dollars unless otherwise noted)
% %
RESERVE S ^
1
>
Reserve excess or deficiency (-) 1V
* Less:
Borrowings from Reserve Banks
" Less: Net interbank Federal funds
^
purchases or sales (-) ,2/
46 banks
8 banks in
New York City
38 banks outside New York
33 other
5 banks
in Chicago banks
41
43
2
- 12
10
235
114
121
18
103
7,094
3,215
3,879
904
2,975
- 7,287
- 3,286
- 4,002
- 933
-3,068
55.1
59.7
51.9
73.6
47.6
> Equals: Net basic resArve surplus
or deficit (-):
>
a.
Net amount
*
b.
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.
t
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 17, 1971
(In millions of dollars)
. »' »
46 banks
A.
38 banks outside New York
5 banks
in- Chicago
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 City
Net purchases of net
buying banks
Net sales of net
selling banks
Net purchases or sales
(-)
10,437
3,343
3,989
774
6,448
2,569
1,458
554
3,257
774
2,483
518
7,180
3,215
3,965
939
86
35
86
7,093
3,215
3,879
904
1,996
1,230
766
85
263
192
71
1,733
1,037
695
Related transactions with
U. S. Government securities
dealers
1.
Loans to dealers 2/
2.
Borrowings from dealers 3/
3.
Net loans
85
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.
@FedFRASER