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&as% FEDERAL RESERVE statistical release For immediate release July 14, 1972 Reserve Positions of Major Reserve City Banks Reserve Period Ended July 5, 1972 (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/ 170 83 88 30 58 • Less: 113 42 70 - - 70 4,735 2,713 2,022 1,614 408 -4,678 -2,673 -2,005 -1,584 -420 34.0 49.2 24.1 115.1 6.1 Borrowings from Reserve Banks 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 1/ * 2/ Reserves held after all adjustments applicable to the reporting period including allowable carry-over and deficiencies, less the sum of required reserves. For details see Federal Funds Transactions of Major Reserve City Banks. Note: — Averages of daily figures. *? t , 4 H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended July 5, 1972 (In millions of dollars) 8 banks In New York City 38 banks outside New York 11,315 6,580 3,442 728 7,874 5,852 2,166 552 5,708 5,300 3,952 710 3,242 528 2,714 7,363 2,732 4,631 1,638 2,993 2,628 19 2,609 24 2,586 4,735 2,713 2,022 1,614 408 1,707 1,182 525 259 266 437 58 379 1,270 1,124 146 46 banks A. 5 banks 33 other In Chicago banks ' Interbank Federal funds transactions 1• Gross transactions a. be Purchases Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) B. Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 379 259 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. -113
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