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••oOigovA;. FEDERAL 0(11 RESERVE statistical r e l e a s e For immediate release July 6, 1973 Of lxbh Reserve Positions of Major Reserve City Banks Reserve Period Ended June 27, 1973 (In millions of dollars unless otherwise noted) - ^Vs^/lL 46 banks Reserve excess or deficiency (-) V Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 38 banks out8 banks in New York City side New York 5 banks 33 other in Chicago banks 18 57 22 18 39 480 99 381 9,015 2,816 6,199 2,264 3,935 -9,473 -2,932 -6,541 -2,282 -4,259 68.2 53.2 78.1 155.8 61.7 381 — 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 June 27, 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 a. b. Purchases Sales 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 (-) 14,335 5,320 3,981 1,165 10,354 4,155 2,949 685 7,405 3,470 4,323 1,053 3,270 590 2,680 10,012 2,928 7,084 2,359 4,725 998 112 885 95 790 9,015 2,816 6,199 2,264 3,935 1,565 960 605 332 273 349 259 90 30 60 1,217 701 515 302 213 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 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 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.
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