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FEDERAL RESERVE statistical release ••f*4LRES?. For immediate release June 9, 1972 H. 5 Reserve Positions of Major Reserve City Banks Reserve Period Ended May 31, 1972 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) 1/ 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 5 banks 33 other in Chicago banks 14 8 6 12 - 18 159 29 131 54 77 4,397 2,364 2,033 1,434 599 -4,570 -2,401 -2,169 -1,475 -694 33.1 44.8 25.7 108.4 9.8 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. •i * r H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended May 31, 1972 (In millions of dollars) 46 banks A. 38 banks out8 banks in New York City side 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/ 10,300 5,903 3,075 710 7,226 5,193 2,084 651 5,142 4,542 3,546 710 2,836 603 2,232 6,754 2,364 4,390 1,481 2,909 2,358 48 2,310 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 2,358 4,397 2,364 2,032 1,433 599 1,499 1,174 326 217 109 321 50 271 1,178 1,124 55 B. Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 217 1/ Derived trom averages tor i n u i v m u a i 2/ Federal funds loaned, net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject to reitle) or other lending arrangements. 3/ ~~ Federal funds borrowed, net funds acquired from each dealer by olearing banks, reverse repurchase agreements (sales of securities to dealers subject to repurchase), resale agreements, and borrowings secured by Gov't, or other issues. "" —• 271 - -o 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• Note: — Averages of daily figures. -162
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