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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,