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FEDERAL RESERVE statistical library' «*v . s s €Positions H. 5 release For immediate release July 23, 1971 of Major Reserve City Banks Q S Or Reserve Period Ended July 14, 1971 (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 City 38 banks outside New York 33 other 5 banks in Chicago banks 20 10 41 11 30 561 252 308 7,020 2,894 4,126 1,711 2,416 -7,622 -3,157 -4,465 -1,720 -2,744 58.4 59.7 57.5 133.9 42.3 308 — 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 14, 1971 (In millions of dollars) 46 banks A. 38 banks outside New York 5 banks 33 other in Chicago banks < i 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 Citv 5,100 2,685 I "1 10,981 3,961 3,649 755 7,332 3,206 2,232 521 3,587 755 2,832 499 2,334" - 7,394 2,894 4,500 1,734 2,766 " 373 23 350 373 A 7,020 2,894 4,127 1,710 2,416 1,360 884 476 84 392 253 71 181 — 181 , 1,108 813 295 84 211 < Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 1/ ~ Derived rrom averages tur inuiviuuai w^s*. * ^—• - — indicates extent to which its weekly average purchases and sales are offsetting; that is, it is the lesser of the two amounts. Gross purcnases 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,