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FEDERAL statistical RESERVE release library For immediate release July 30, 1971 RESERV&S H. 5 Reserve Positions of Major Reserve City Banks Reserve Period Ended July 21, 1971 (In millions of dollars unless otherwise noted) 46 banks Peserve 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 59 27 31 1 32 390 47 344 116 228 5,815 2,504 3,311 1,091 2,220 -6,147 -2,524 -3,623 -1,207 -2,416. 46.5 47.3 46.0 91.3 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. s 36.8 H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended July 21, 1971 (In millions of dollars) A. 38 banks outslde New York 9,975 4,160 3,402 898 6,573 3,262 1,656 565 3,497 898 2,599 493 6,478 2,504 3,974 1,163 664 72 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. 5 banks in Chicago 8 banks in New York City 46 banks 664 5,815 2,504 3,311 1,091 1,028 805 223 46 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 368 74 294 3. Net loans 660 731 -71 46 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 red&le) 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. /