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^ofcovf,-. H.5 FEDERAL RESERVE statistical release For immediate r e l e a s e March 2, 1973 SOVt^N.% Reserve Positions of Major Reserve City Banks Reserve Period Ended February 21, 1973 Lx V iv V /[In m i l l i o n s of d o l l a r s unless otherwise noted) 46 banks 8 banks in New York City 38 banks outside New York 5 banks 33 other i n Chicago banks Reserve excess or d e f i c i e n c y ( - ) 1/ 257 155 102 22 80 Less: 710 100 610 93 517 8,957 4,582 4,376 2,019 2,357 - 9,410 -4,527 -4,883 -2,089 -2,793 68.1 80.5 59.5 149.4 41.1 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2/ Equals: Net basic reserve surplus or d e f i c i t ( - ) : a. Net amount b. As per cent of average r e quired reserves 1/ Reserves held a f t e r a l l 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 the sum of required r e s e r v e s . 2/ For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. Note: — Averages of d a i l y f i g u r e s . H.5(a) Federal Funds t r a n s a c t i o n s of Major Reserve City Banks f o r the Week Ended February 21, 1973 (In m i l l i o n s of d o l l a r s ) A. 8 banks In New York Citv 38 banks o u t side New York 15,767 6,809 5,621 1,039 10,146 5,770 2,798 780 7,347 4,990 4,670 915 3,755 767 2,988 11,097 4,706 6,391 2,032 4,359 2,140 124 2,016 13 2,003 8,957 4,581 4,375 2,019 2,357 1,492 1,021 472 227 245 445 253 192 -- 192 1,048 768 280 227 Interbank Federal funds transactions 1. Gross t r a n s a c t i o n s a. b. Purchases Sales 2. Total 2-way t r a n s a c t i o n s If 3. Total net t r a n s a c t i o n s a. b. c. Be 5 banks 33 other i n Chicago banks 46 banks Net purchases of net buying banks Net s a l e s of net s e l l i n g banks Net purchases or s a l e s <-) Related t r a n s a c t i o n s with U. S. Government s e c u r i t i e s dealers 1. Loans to d e a l e r s 2/ 2. Borrowings from d e a l e r s 3/ 3. Net loans 1/ ~ Derived rrorn aver age a t o t luaiviuuai. uoukb iw & I n d i c a t e s extent t o which I t # weekly average purchases and s a l e s are o f f s e t t i n g ; t h a t I s , I t I s the l e s s e r of the two amounts. Gross purchases l e e s 2-way t r a n s actions equals net purchases of net buying banks. S i m i l a r l y , gross s a l e s l e e s 2-way t r a n s a c t i o n s equals net sales of net s e l l i n g banks. 2/ ~ Federal funds loaned, net funds supplied to each dealer by c l e a r i n g banks, repurchase agreements (purchases of s e c u r i t i e s from d e a l e r s s u b j e c t to r e s a l e ) or other lending arrangements. 3/ ~ Federal funds borrowed, net funds acquired from each dealer by c l e a r i n g banks, r e v e r s e repurchase agreements ( s a l e s of s e c u r i t i e s to d e a l e r s s u b j e c t t o repurchase), r e s a l e agreements, and borrowings secured by Gov't, or o t h e r l e e u e s . Note: — Averages of d a i l y f i g u r e s . 53