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: 0f gov/• FEDERAL RESERVE statistical release For immediate release March 16, 1973 ^ciOVERNO/iS "• 5 # % LIBRARY iserve Positions of Major Reserve City Banks •serve Period Ended March 7, 1973 sty/ (In millions of dollars unless otherwise noted) 46 banks 8 banks in New York City 38 banks outside New York 33 other 5 banks in Chicago banks Reserve excess or deficiency (-) 1/ 104 41 63 16 47 Less: 614 193 422 86 336 9,485 3,608 5,877 2,145 3,732 -9,995 -3,760 -6,235 -2,214 -4,021 71.7 66.5 75.3 153.9 58.7 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 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 for the Week Ended March 7 , 1973 (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. Total net transactions a. be c. B. 8 banks in New York City Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 14,915 5,431 4,507 899 10,408 4,532 2,807 662 7,602 3,870 4,082 817 3,266 660 2,605 10,833 3,690 7,143 2,146 4,996 1,349 82 1,266 1 1,265 9,484 3,608 5,876 2,145 3,732 1,978 1,226 752 373 379 382 255 127 — — 127 1,596 971 625 373 252 Related transactions with U. S. Government securities dealers 1, Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 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 males leas 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 reaele) 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 leeues. Note: — Averages of dally figures.
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