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F E D E R A L R E S E R V E A statistical release f*4L For immediate release February 4, 1972 H. 5 Reserve Positions of Major Reserve City Banks Reserve Period Ended January 26, 1972 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) V Less : Borrowings from Reserve Banks. Less : Net interbank Federal funds purchases or sales ( - ) 2/ 66 — 8 banks in New York City 38 banks outside New York -8 — 6 74 - - 33 other 5 banks in Chicago banks 67 — 6,319 2,374 3,945 1,443 2,502 -6,253 -2,382 -3,872 1,436 -2,435 46.6 108.1 34.9 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves 46.0 45.0 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. 8.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended January 26, 1972 (In millions of dollars) a r* 5 banks 33 other * in Chicago banks 46 banks A. 38 banks outside New York 10,909 4,590 3,242 868 7,667 3,722 2,060 617 3,963 868 3,095 569 Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2, Total 2-way transactions 1/ 3. 5,608 3,105 2,526 ^ 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 - > 6,946 627 6,319 2,374 — 2,374 4,572 1,490 3,082 627 47 580 3,945 1,443 2,503 • „ - Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans * 1,851 1,403 448 109 45 63 1,742 1,358 385 340 108 63 „ 277 108 . - ~ 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 regale) 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. 4 L r-\
@FedFRASER