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FEDERAL DIB statistical * /^60vtnm H,5 \\ ^ | release v s ^5 | ^ 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. - 27