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FEDERAL
RESERVE
statistical release
H

^ • g m m o D s .

-y
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'

LIBRARY
*<&/

For immediate release
March
23, 1973
Reserve Positions of Major Reserve City Banks
) Reserve Period Ended March 14,1973
(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/

127

117

10

3

7

Less:

494

171

322

102

220

10,465

4,828

5,637

2,327

3,310

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

-10,833
78.4

-4,883
86.6

-5,950
72.8

-2,426
168.9

-3,523
52.3

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 14, 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.
be

Purchases
Sales

2.

Total 2-way transactions 1/

3.

Total net transactions
a.
b.
c.

Net purchases of net
buying banks
Net sales of net
selling banks
Net purchases or sales

(-)
B.

8 banks In
New York Cltv

16,613
6,147

5,494
666

11,119
5,482

3,004
677

8,114
4,805

4,164

550

3,614

674

2,940

12,449

4,944

7,504

2,330

5,174

1,983

116

1,867

2

1,865

10,465

4,828

5,637

2,328

3,309

1,828

1,113

715

408

307

613

236

377

30

346

1,216

877

338

377

-39

Related transactions with
U. S. Government securities
dealers
1.

Loans to dealers 2/

2.

Borrowings from dealers 3/

3.

Net loans

1/
"

Derived rrom averages tor inaiviuum u«u&».9 w *
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 reSsle)
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.