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FEDERAL statistical RESERVE release r \ For immediate release Friday March 12, 1971 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended March 3, 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/ 72 1 8 banks in New York City 38 banks outside New York 65 7 — — 1 5 banks 33 other in Chicago banks 7 1 1 — — 6,434 2,365 4,069 1,317 2,752 -6,363 -2,300 -4,064 -1,311 -2,753 50.3 45.6 53.3 102.6 43.4 Equals: Net basic reserve surplus or deficit (-): a. Net amount be 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 for the Week Ended March 3, 1971 (In millions of dollars) 46 banks A. 38 banks outside New York 5 banks 33 other I in Chicago banks A Interbank Federal funds transactions 1. A Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. 4 9,575 3,142 3,263 898 6,313 2,244 1,701 384 4,611k 1,859^ 2,974 860 2,114 359 1,756* Total net transactions a. b. c. B. 8 banks in New York City Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) K 6,601 2,402 4,199 1,343 2,856A 168 38 130 26 104" 6,433 2,365 4,069 1,317 2,752* Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans • 2,439 1,554 885 218 148 71 2,220 1,406 815 93 7l" 93 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. 793" 722
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