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.voSSStefV.. ^ r Illl! H.5 E M R A 1 E g JBN29 I97ii R A L R statistical E S E R V E r e l e a s e For immediate release January 25, 1974 Reserve Positions of Major Reserve City Banks Reserve Period Ended January 16, 1974 (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/ 30 321 8 banks in New York City 38 banks outside New York 33 other 1 5 banks in Chicago banks 8 8 23 321 - - — 321 — 17,150 6,212 10,939 3,984 6,955 -17,441 -6,189 -11,252 -3,976 -7,276 102.1 88.8 111.2 211.3 88.3 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 o£ daily figures. *.500 Federal Funds transactions of Major Reserve City Banks for the Week Ended January 16, 1974 (In millions of dollars) A. 5 banks 33 other in Chicago banks 8 banks in New York Citv 22,323 5,173 6,955 744 15,368 4,430 4,827 843 10,541 3,586 4,430 744 3,686 828 2,858 17,894 6,212 11,682 3,999 7,683 744 15 728 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. 38 banks outside New York 46 banks Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 744 17,150 6,212 10,938 3,983 6,955 2,329 1,663 667 364 302 465 302 163 - - 163 1,864 1,361 503 364 139 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 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. Note: — Averages of daily figures.
@FedFRASER