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f. i FEDERAL RESERVE statistical r e l e a s e For immediate release January 14, 1972 H. 5 Reserve Positions of Major Reserve City Banks Reserve Period Ended January 5, 1972 (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/ 154 8 banks in New York City 79 - - 38 banks outside New York 75 5 banks 33 other in Chicago banks 12 63 • — — e» 6,567 2,881 3,686 1,361 2,325 -6,413 -2,802 -3,611 -1,349 -2,262 46.1 50.4 43.2 96.6 32.5 Equals: Net basic reserve 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. 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 January 5, 1972 (In millions of dollars) 46 banks A. 38 banks outside 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/ 3. Total net transactions a. b. c. B. 8 banks in New York Citv Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 11,770 5,203 3,765 884 8,005 4,319 2,006 644 5,999 3,674' 4,451 884 3,567 567 3*000' 7,319 2,881 4,438 1,439 2,999 752 78 674 2,324 752 6,567 2,881 3,686 1,361 2,024 1,488 535 69 466" 477 77 400 — 400 1,547 1,411 136 69 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 reSsle) 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: — 67 1 ^ ^ j j Averages of daily figures. 1 e
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