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FEDERAL .•&2S8&'i-£ RESERVE statistical release For immediate release March 1, 1974 Reserve Positions of Major Reserve City Banks Reserve Period Ended FEBRUARY 20, 1974 H.5 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) 1/ Less: Borrowings from Reserve Banks Le.es: 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 3 5 39 31 8 583 257 325 16,046 5,500 .10,546 4,289 6,257 -16,589 -5,726 -10,863 -4,284 -6,579 105.2 88.5 116.9 270.5 85.3 325 — 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. H.5(a) Federal Funds transactions of Major Reserve City Banks jfor the Week Ended February 20, 1974 (In millions of dollars) 46 banks A. 38 banks outside 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/ 3. 22,199 6,153 6,729 1,229 15,470 4,925 4,946 657 10,524 4,268 5,145 1,229 3,916 657 3,259 17,054 5,500 11,555 4,289 7,266 Total net transactions a. b. c. B. 8 banks in New York Citv Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 1,009 16,046 5,500 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers Z/ 3. Net loans 1,009 1,009 10,546 4,289 6,257 358 527 > 2,260 1,376 885 583 332 250 1,678 1,043 634 250 358 1/ Derived from averages for individual banks for entire week. Figure for each back indicates extent to which its weekly average purchase* 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. Bote: — Averages of daily figures. 276
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