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FEDERAL RESERVE statistical release f*AL For immediate release July 1 9 , 1 9 7 4 Reserve Positions of Major Reserve City Banks Reserve Period Ended J u l y 1 0 , 1 9 7 4 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) 1/ Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 8 banks in New York Citv 38 banks outside New York 33 other 5 banks in Chicago banks. 222 114 109 6 103 267 14 252 21 231 14,249 4,215 10,034 3,552 6,482 -14,293 -4,116 -10,178 -3,568 -6,610 85.5 61.3 101.7 193.0 81.0 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 d a i l y f i g u r e s . H .5 (a) Federal Funds transactions of Major Reserve City Banks for the Week ended J u l y 1 0 , 1974 (In millions of dollars) 46 banks 8 banks in New York City 3 8 banks outside New York 5 banks in Chicago 33 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-wav transactions 1/ 20,324 5 , 9 3 3 14,391 4 , 4 0 7 9,985 6,075 1,718 4 , 3 5 7 854 3,503 5 , 6 4 6 1,518 4 , 1 2 7 855 3,273 14,678 4 , 4 1 4 1 0 , 2 6 4 3 , 5 5 2 6,712 429 199 230 14,249 4 , 2 1 5 1 0 , 0 3 4 3 , 5 5 2 6,482 1,788 846 943 312 631 1,091 558 532 698 287 410 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 230 B. Related transactions with U.S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans —— 312 532 98 V 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.
@FedFRASER