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F E D E R A L statistical f*AL R E S E R V E release For immediate release July 28, 1972 Reserve Positions of Major Reserve City Banks Reserve Period Ended July 19, 1972 (In millions of dollars unless otherwise noted) 46 banks - 8 banks in New York City 38 banks outside New York 5 banks 33 other in Chicago banks. Reserve excess or deficiency (-) 1/ 65 30 35 -3 38 Less: 30 - - 30 — 30 Borrowings from Reserve Banks less: Net interbank Federal funds purchases or sales (-) 2/ 5,583 2,876 2,707 1,555 1,152 -5,548 -2,846 -2,702 -1,558 -1,143 39.5 51.4 31.7 111.4 16.1 ^Equals: Net basic reserve surplus or deficit (-): * a. j b. >1/ 2/ Net amount As per cent of average required reserves Reserves held after all adjustments applicable to the reporting period including allowable carry-over and deficiencies, less the sum of required reserves, 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 19, 1972 (In millions of dollars) 46 banks A. 38 banks outside New York 5 banks in Chicago 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 New York City Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 12,117 6,534 3,693 817 8,424 5,717 2,298 743 3,965 743 3,222 649 8,152 2,950 5,202 1,649 2,569 73 2,496 94 5,583 2,877 2,707 1,555 1,293 854 439 203 Related transactions with U» S. Government securities dealers 1. Loans to dealers If 2. Borrowings from dealers 3/ 526 49 477 3. Net loans 768 805 -38 203 1/ 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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