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FEDERAL RESERVE s t a t i s t i c a l release For immediate release July 9, 1974 Reserve P o s i t i o n s of Major Reserve C i t y Banks Reserve Period Ended June 26, 1974 ( I n m i l l i o n s of d o l l a r s u n l e s s o t h e r w i s e n o t e d ) 46 banks Reserve e x c e s s or d e f i c i e n c y ( - ) V Less: Borrowings from Reserve Banks L e s s : Net interbank Federal funds purchases or s a l e s ( - ) 2 / 8 banks i n New York C i t y 38 banks o u t s i d e New York 33 o t h e r 5 banks i n Chicago banks 66 32 34 343 31 311 13,465 4,395 9,070 3,815 5,255 -13,741 -4,394 -9,347 -3,793 -5,554 82.9 65.9 94.3 206.9 68.7 21 13 311 — Equals: Net b a s i c r e s e r v e s u r p l u s or d e f i c i t ( - ) : a. Net amount b. As per c e n t of average r e quired r e s e r v e s 1/ Reserves h e l d a f t e r a l l adjustments a p p l i c a b l e t o t h e r e p o r t i n g p e r i o d i n c l u d i n g a l l o w a b l e c a r r y - o v e r and d e f i c i e n c i e s , l e s s t h e sum of r e q u i r e d r e s e r v e s . 2/ For d e t a i l s s e e Federal Funds T r a n s a c t i o n s of Major Reserve C i t y Banks. Note: — Averages of d a i l y f i g u r e s . H.5(a) F e d e r a l F u n d s t r a n s a c t i o n s of M a j o r R e s e r v e C i t y B a n k s for the Week ended J u n e 2 6 , 1 9 7 4 (In m i l l i o n s of d o l l a r s ) 4 6 banks 8 banks in N e w York City 3 8 banks outside New York 5 banks in Chicago 3 3 other banks A. Interbank Federal f u n d s transactions 1. Gross transactions 19,669 6,205 6,257 1,862 13,412 4,342 4,810 996 8,602 3,347 5,344 1,551 3,793 996 2,798 14,326 4,706 9,619 3,815 5,805 861 312 549 13,465 4,395 9,070 3,815 5,256 1. Loans to dealers 2 / 1,806 702 1,105 402 702 2. Borrowings f r o m dealers 3/ 1,579 499 1,081 227 203 24 a. Purchases b. Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 549 B. Related transactions with U.S. Government securities dealers 3. Net loans 1/ 2/ 1,081 402 - 378 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; t h a t 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. Federal funds loaned, net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject t o 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 t o repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Note:—Averages of daily figures.
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