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FEDERAL % 3 + k statistical LIBRARY v <6 •*H.5 X^4l • RESERVE release For immediate release July 16, 1971 , sit ions of Major Reserve City Banks "Reserve Period Ended July 7, 1971 • (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) 1/ ^l.ess: Borrowings from Reserve Banks * Less: Net interbank Federal funds H purchases or sales (-) 2/ 162 8 banks in New York City 45 149 38 banks outside New York 33 other 5 banks in Chicago banks 117 16 101 149 — 149 6,145 2,601 3,545 1,419 2,125 -6,132 -2,556 -3,576 -1,404 -2,173 48.0 49.7 46.8 112.4 34.0 * Equals: Net basic reserve surplus ^ or deficit (-): ^ a. Net amount b. As per cent of average required reserves > w » l/ 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. t* Note: — Averages of daily figures. B ¥ * * v w % H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended July 7, 1971 (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. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-> B. 8 banks in New York City 10,668 4,523 3,658 1,057 7,010 3,466 1,984 564 5,027 2,901 3,818 872 2,947 518 2,429 6,850 2,787 4,063 1,465 2,598 705 186 519 46 473 6,145 2,601 3,545 1,419 2,125 1,271 923 349 98 251 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 425 162 264 3. Net loans 846 761 85 264 98 1/ - — " „ Derived trom averages LUL iumviuu« A rr 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. -12
@FedFRASER