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•ofcovf FEDERAL RESERVE statistical release LIBRARY H. 5 X x^#4t RESEMt-®!$^ For Immediate Release July 13, 1973 Reserve Positions of Major Reserve City Banks Reserve Period Ended July 4, 1973 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency ( - ) 1J Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales ( - ) 2/ 8 banks in New York City 38 banks outside New York 33 other 5 b ank s in Chicago banks 206 164 42 24 18 991 387 604 188 416 8,123 2,548 5,575 1,899 3,675 -8,908 -2,771 -6,137 -2,063 -4,074 62.1 47.6 71.9 134.2 58.3 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 of daily figures. H.5(a) Federal Fund a transactiona of Major Reaerve City Banka for the Week Ended July 4, 1973 (In millions of dollars) A. 8 banks in New York Cltv 38 banks outslde New York 14,551 6,428 3,943 1,395 10,607 2,623 5,033 724 4,858 1,140 3,718 698 9,693 2,803 6,890 1,925 1,570 255 1,315 26 8,123 2,548 5,575 1,899 1,600 995 605 310 Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions U 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) B. 5 banks 33 other in Chicago banks 46 banks Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 819 2. Net loans 781 226 769 593 30 12 279 1/ ~ Derived from averages for individual banka 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 tranaactions equals net purchases cf net buying banks. Similarly, gross sales leas 2-way transactions equals net sales of net selling banks. 2/ " Federal funds loaned, net funds supplied to each dealer by clearing banka, repurchase agreements (purchases of securities from dealers subject to resele) or other lending arrangements. 3/ Federal funds borrowed, net funds acquired from each dealer by clearing banka, reverse repurchase agreements (sales of securities to dealers subject to repurchase), resale agreements, and borrowings secured by Gov't, or other issuea. Note: Averages of dally figures.
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