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FEDERAL

RESERVE

statistical
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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.