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FEDERAL mi <£:. A buVtnN0##5 statistical library % > H. 5 % RESERVE release For immediate release June 25, 1971 8ESERVt-S^/ "Reserve Positions of Major Reserve City Banks Reserve Period Ended June 16, 1971 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) 1J 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 45 25 20 104 86 19 - - 19 6,428 2,849 3,580 1,284 2,295 -6,488 -2,910 -3,578 -1,278 -2,300 50.1 55.8 46.2 95.2 36.0 6 14 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. V v V H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended June 16, 1971 (In millions of dollars) 46 banks A, 5 banks 33 other in Chicago banks ^ - A Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. b. c. 1/ 38 banks outside New York Interbank Federal funds transactions 1. B. 8 banks in New York City < Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 4,768 2,473 A 10,581 4,152 3,799 950 6,782 3,202 2,014 729 3,881 934 2,947 663 2,284 u - 6,699 2,865 3,835 1,351 2,484 - 271 16 255 67 6,429 2,849 3,580 1,284 1,339 988 351 60 291 * ^ 189 * 2,295 x Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 356 173 183 — 183 ^ 3. Net loans 984 815 169 60 109 - 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 re stale) 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. ir— * ^ ^ y
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