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FEDERAL RESERVE statistical release * For^ediate^elease 4 )f GOVERA,^ Zt> A H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended June 30, 1971 • (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) 1/ v 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 library RESERVE-' 5 banks 33 other in Chicago banks 82 21 61 2 59 239 107 132 11 122 4,907 1,889 3,018 1,139 1,879 -5,065 -1,976 -3,089 -1,148 -1,941 39.5 38.1 40.4 90.4 30.4 Equals: Net basic reserve surplus or deficit (-): w 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. > y *7 % y H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended June 30, 1971 (In millions of dollars) A. 38 banks outside New York 5 banks 33 other in Chicago banks 46 banks 8 banks in New York Citv a. Purchases b. Sales 8,814 3,907 2,793 - 904 6,021 3,004 1,673 534 4,348 2,470 2. Total 2-way transactions 1/ 3,495 883 2,612 485 2,127 3. Total net transactions 5,320 1,910 3,409 1,188 2,221 412 21 391 49 342 4,907 1,889 3,018 1,139 1,879 1,207 893 314 100 214 472 185 287 - - 287 - 735 - 708 -27 Interbank Federal funds transactions 1. Gross transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-> B. Related transactions with U. S. Government securities dealers 1. Loans to dealers If 2. Borrowings from dealers 3/ 3. Net loans -100 If 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. + 73
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