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FEDERAL RESERVE statistical release For immediate release January 18, 1974 Reserve Positions of Major Reserve City Banks Reserve Period Ended January 9, 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 21 40 19 16 3 357 230 127 44 84 15,414 4,945 10,469 3,686 6,783 -15,750 -5,135 -10,615 -3,745 -6,870 96.1 76.7 109.6 216.4 86.4 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 9, 1974 (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. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-> B. 8 banks in New York City 21,147 5,733 5,823 878 15,324 4,855 4,607 922 10,717 3,933 4,787 878 3,909 922 2,987 16,360 4,945 11,415 3,685 7,729 946 — 946 946 15,414 4,945 10,469 3,685 6,783 2,460 1,642 819 396 423 420 222 198 — 198 2,040 1,420 621 396 224 Related transactions with U. S. Government securities dealers 1, Loans to dealers 2/ 2, Borrowings from dealers 3/ 3, Net loans 1/ Derived rrom averages ror inui.vj.uuai »-o 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. w Note: — Averages of daily figures.