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FEDERAL II! RESERVI statistical release For immediate release February 8, 1974 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended January 30 , 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 18 29 -11 14 415 15 400 — 13,483 3,243 10,240 4,101 6,139 -13,880 -3,229 -10,651 -4,116 -6,535 87,7 50.9 112.3 251.7 83.3 3 400 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves if 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 fc~ the Week Ended January 30, 1974 (In millions of dollars) 46 banks A. 38 banks out8 banks in New York Citv side New York 5 banks 33 other in Chicago banks Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 19,504 6,021 4,582 1,339 14,922 4,682 4,830 729 10,092 3,954 4,773 1,204 3,569 693 2,876 14,732 3,378 11,354 4,138 7,216 1,249 135 1,114 36 1,078 13,483 3,243 10,240 4,101 6,139 1,919 1,263 657 343 314 542 286 256 - - 1,377 976 401 343 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 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 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. 256 58
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