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FEDERAL
DIB

statistical

*

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H,5

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release

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RESERVE

''/.
"^Reserve Positions of Major Reserve City Banks
y
Rejserve Period Ended July 18, 1973

For immediate release
July 27, 1973

n millions of dollars unless otherwise noted)

RESERVE^
46 banks

38 banks out[ 8 banks in
1 New York City side New Ycrk

133 other
5 banks
! in Chicago banks

Reserve excess or deficiency (-) 1/

203

166

36

24

60

Less:

403

0

403

0

403

8,652

2,368

6,284

2,306

3,978

-2,202

-6,651

-2,329

-4,321

36.6

75.5

141.3

60.3

Borrowings from Reserve Banks

Less: Net interbank Federal funds
purchases or sales (-) 2/
Equals: Net basic reserve surplus
or deficit (-):
a.

Net amount

be

As per cent of average required reserves

1
-8,852
59.7

|

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 18, 1973
(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
Purchases
Sales

a.
b.
2.

Total 2-way transactions 1/

3.

Total net transactions
a.
b.
c.

B.

8 banks In
New York Citv

Net purchases of net
buying banks
Net sales of net
selling banks
Net purchases or sales

(-)

14,968
6,316

4,402
2,034

10,567
4,283

3,245
939

7,322
3,343

4,389

1,285

3,104

875

2,229

10,580

3,117

7,463

2,370

5,093

1,928

749

1,179

64

1,115

8,652

2,368

6,284

2,306

3,978

1,299

631

668

438

229
257

Related transactions with
U. S. Government securities
dealers
1.

Loans to dealers 2/

2.

Borrowings from dealers 3/

558

271

287

30

3.

Net loans

741

360

381

408

1/

uerivea rrom averages
luuiviuuoi ^
—
--o
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 repur^
chase), resale agreements, and borrowings secured by Gov't, or other issues.

Note: —

Averages of daily figures.




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