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FEDERAL RESERVE statistical release For imme d i a t e r e l ease F e b r u a r y 28, 1975 Reserve Positions of Major Reserve City Banks Reserve Period Ended F e b r u a r y 19, 1975 (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 out side New York 33 other 5 banks in Chicago banks 16 26 41 1 42 142 135 7 16,440 6,305 10,135 4,742 5,393 - 16,623 - 6,439 - 10,184 - 4,767 - 5,416 100.2 92.1 106.1 261.9 69.7 — 7 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average re quired 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. Note: — Averages of daily figures. H .5 (a) Federal Funds transactions of M ajor Reserve C ity Banks fo r the Week ended February 1 9 , (In m illions o f dollars) 4 6 banks 8 banks in N ew Y o rk C ity 1975 3 8 banks o u t side N ew Y o rk 5 banks in Chicago 3 3 o th er banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-wav transactions 1/ 2 3 ,5 6 8 7 ,1 2 8 7 ,6 9 7 1 ,3 9 2 1 5 ,8 7 0 5 ,7 3 6 5 ,6 3 9 897 1 0 ,2 3 2 4 ,8 3 8 5 ,9 4 9 1 ,3 9 3 4 ,5 5 7 897 3 ,6 6 0 1 7 ,6 1 8 6 ,3 0 5 1 1 ,3 1 4 4 ,7 4 2 6 ,5 7 2 1 ,1 7 9 _ _ 1 ,1 7 9 1 6 ,4 4 0 6 ,3 0 5 1 0 ,1 3 5 4 ,7 4 2 5 ,3 9 3 2 ,7 2 7 1 ,3 3 1 1 ,3 9 6 300 1 ,0 9 6 932 610 322 ... 322 1 ,7 9 5 721 1 ,0 7 4 300 774 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) . . 1 ,1 7 9 B. 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.
@FedFRASER