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FEDERAL RESERVE statistical release H ^ • g m m o D s . -y <) ' 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.