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O?GOV> •. FEDERAL statistical RESERVE release For immediate release January 4, 1 9 7 4 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended D e c e m b e r 26, 1973 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency ( - ) 1J 333 Less: 180 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales ( - ) 2/ 8 banks in New York City 188 38 banks outside New York 33 other 5 banks in Chicago banks 145 57 180 - - 89 180 14,190 4,944 9,246 3,208 6,038 -14,037 -4,757 -9,281 -3,151 -6,130 90.8 76.1 100.7 206.1 79.7 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 December 26, 1973 (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 (-) 19,890 5,700 5,843 899 14,047 4,801 4,007 799 10,040 4,002 4,987 899 4,088 727 3,361 14,903 4,944 9,959 3,281 6,679 713 72 641 713 14,191 4,944 9,246 3,208 6,038 2,660 1,669 991 364 627 446 273 172 2,214 1,395 819 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans - - 364 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. If Federal funds loaned, net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject to retfsle) 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. 172 455
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