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H.5 > Reserve Positions of Major Reserve City Banks Reserve Period Ended Corrected January 20, 1971 >* (In millions of dollars unless otherwise noted) 46 banks > Reserve excess or deficiency (-) 1/ Less: y Borrowings from Reserve Banks ^ess: Net interbank Federal funds purchases or sales (-) 2/ * Equals: Net basic reserve surplus or deficit (-): * a. Net amount > b. As per cent of average re quired reserves 8 banks in New York City 38 banks out side New York 5 banks 33 other in Chicago banks -112 -43 -69 -32 -38 145 82 63 5 58 6,570 2,198 4,372 1,145 3,227 -6,828 -2,324 -4,504 -1,182 -3,322 49.9 41.2 56.0 88.5 49.6 > 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. Jstote: — Averages of daily figures. Federal Funds transactions of Major Reserve City Banks for the Week Ended January 20, 1971 (In millions of dollars) 46 banks A. 8 banks in New York City 38 banks out side New York 5 banks 33 oth» in Chicago banks Interbank Federal funds transactions 1. 4 Gross transactions a. b. Purchases Sales 9,570 3,000 6,419 2,047 3,151 953 1,493 348 4,927 1,700 ► 2. Total 2-way 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 (-) 2,837 348 1,945 892 1,597 U 6,733 2,259 4,474 163 61 102 6,570 2,198 4,372 1,145 w 3,329 -- 102 1,145 * 3 ,22? A B. Related transactions with U. S. Government securities dealers 1. Loans to dealers 2 / 2. Borrowings from dealers 3/ 3. Net loans *, 2,551 1,353 1,198 144 1,054 77 74 4 -- 4 2,474 1,280 1,194 144 1,050 ---1/ Derived trom averages rot mui v i u u a i “ 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 trans actions* 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 repur chase), resale agreements, and borrowings secured by Gov't, or other issues. Note: — Averages of daily figures. --- - °--- r-
@FedFRASER