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For immediate release July 20, 1973 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended July 11, 1973 (In millions of dollars unless otherwise noted) 46 banks Peserve excess or deficiency (-) 1/ 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 banks in Chicago banks 24 47 23 2 21 300 115 185 14 171 9,802 2,697 7,105 2,376 4,729 -10,127 -2,860 -7,267 -2,389 -4,878 71.0 49.8 85.3 159.7 69.4 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 July 11, 1973 (In millions of dollars) 46 banks A. 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 j 38 banks outNew York City | aide New York Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 15,570 5,768 4,288 1,591 11,282 4,177 3,176 800 8,106 3,378 4,555 1,314 3,241 746 2,495 11,015 2,974 8,041 2,430 5,611 1,213 277 936 54 882 9,802 2,697 7,105 2,376 4,729 1,523 833 691 401 290 511 289 222 80 142 1,013 544 469 321 148 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 1j 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 redale) 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.
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