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FEDERAL RESERVE statistical , ^urGUvavo^ H.5^V O;'A y V Z fv \%b,, T - PPSEPVE-SX^/ r e l e a s e For immediate release January 26, 1973 Reserve Positions of Major Reserve City Banks Reserve Period Ended January 17, 1973 (In millions of dollars unless otherwise noted) 46 banks 8 banks in 38 banks outNew York Citv side New York 5 banks 33 other in Chicago banks Reserve excess or deficiency (-) 1/ 30 59 30 12 42 Less: Borrowings from Reserve Banks 765 173 593 189 403 10,551 5,129 5,422 2,023 3,399 -11,287 -5,243 -6,044 -2,200 -3,844 75.0 85.8 67.7 142.9 52.0 Less: Net Interbank Federal funds purchases or sales (-) 2/ Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves V 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 17, 1973 (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/ 14,972 4,421 5,646 517 9,326 3,904 2,690 667 6,637 3,238 3,486 517 2,969 627 2,342 11,487 5,129 6,357 2,063 4,295 935 40 895 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 935 10,552 5,129 5,422 2,023 3,399 1,851 1,207 644 175 468 248 84 164 -- 164 1,603 1,123 480 175 364 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 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.