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r* FEDERAL *» 11 statistical RESERVE release For immediate release January 28, 1972 I ^ H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended January 19, 1972 k (In millions of dollars unless otherwise noted) 46 banks 8 banks in New York City 38 banks outside New York 33 other 5 banks in Chicago banks Reserve excess or deficiency (-) 1/ 63 75 12 10 Less: - - - - - - - - Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2,/ v 7,448 2,844 4,604 1,708 -7,385 -2,769 -4,616 -1,718 51.5 48.7 53.3 120.7 2 - - 2,896 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves » -2,898 ' 40.0 u> 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. L-J ^ s- -» I Note: — Averages of daily figures. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended January 19, 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 City Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 11,692 4,244 3,629 785 8,064 3,459 2,319 611 5,745 2,849 3,789 785 3,004 574 2,430 7,904 2,844 5,059 1,744 3,315 455 36 419 „ 2,896 - 455 7,448 2,844 4,604 1,708 1,671 1,241 429 74 173 69 103 1,498 1,172 326 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 103 74 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 redale) 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. 355 252 V r
@FedFRASER