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R E S E R V E
release
For Immediate R e l e a s e
J u n e 6 , 1975
H.5
Reserve Positions of Major Reserve City Banks
Reserve Period Ended May 2 8 , 1 9 7 5
(In millions of dollars unless otherwise noted)
46 banks
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
Reserve e x c e s s or d e f i c i e n c y ( - ) 1 /
30
22
52
- -
52
Less:
38
9
30
—
30
13,223
4,003
9,220
3,876
5,345
-3,990
-9,302
-3,876
-5,426
100.5
229.3
71.7
Borrowings from R e s e r v e Banks
L e s s : Net i n t e r b a n k F e d e r a l funds
p u r c h a s e s or s a l e s ( - ) 2/
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 o f a v e r a g e r e quired r e s e r v e s
85.4
63.2
1/
Reserves held after all adjustments applicable to the reporting period including allowable
carry-over and d e f i c i e n c i e s , l e s s t h e 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 F u n d s transactions of Major Reserve City Banks
for the Week ended May 2 8 , 1 9 7 5
(In m i 11 ions of dollars)
4 6 banks
8 banks in
New York City
3 8 banks outside New York
5 banks
ih Chicago
3 3 other
banks
A. Interbank Federal funds
transactions
1. Gross transactions
a. Purchases
b. Sales
2. Total 2-way transactions 1/
18,233
5,010
5,113
1,110
13,121
3,901
4,700
824
8,421
3,076
4,530
891
3,640
824
2,815
13,703
4,222
9,481
3,876
5,605
480
219
261
——
261
13,223
4,003
9,220
3,876
5,345
3,361
1,269
2,092
370
1,722
685
264
420
- -
420
2,676
1,005
1,671
3. Total net 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 2/
2. Borrowings from dealers 3/
3. Net loans
370
1,301
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.
@FedFRASER