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FEDERAL statistical V^LRfc^' RESERVE release For immediate release March 24, 1975 Reserve P o s i t i o n s of Major Reserve C i t y Banks Reserve Period Ended March 12, 1975 (In m i l l i o n s of d o l l a r s u n l e s s o t h e r w i s e noted) 46 banks Reserve e x c e s s or d e f i c i e n c y ( - ) 1 / Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2/ 225 6 8 banks i n New York C i t y 178 - - 38 banks o u t s i d e New York 33 other 5 banks i n Chicago banks 47 33 14 6 -- 6 18,903 7,566 11,338 4,541 6,797 -18,684 -7,387 -11,297 •4,507 -6,789 Equals: Net b a s i c r e s e r v e surplus or d e f i c i t ( - ) : a. Net amount b. As per cent of average r e quired r e s e r v e s 116.0 109.2 120.9 257.7 89.4 1/ Reserves held a f t e r a l l adjustments a p p l i c a b l e t o the r e p o r t i n g period i n c l u d i n g allowable c a r r y - o v e r 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 C i t y Banks. Note: — Averages of d a i l y f i g u r e s . H.5(a) F e d e r a l F u n d s t r a n s a c t i o n s of M a j o r R e s e r v e City B a n k s f o r t h e Week e n d e d M a r c h 12, 1975 (In m i l l i o n s of d o l l a r s ) 4 6 banks 8 banks in New York City 3 8 banks outside New York 5 banks ih Chicago 3 3 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 24,585 51,682 8,379 813 16,206 4,868 5,303 763 10,903 4,106 5,337 814 4,524 763 3,761 19,248 7,566 11,682 4,541 7,142 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks 345 - - 345 —— 345 c. Net purchases or sales (-) 18,903 7,566 11,338 4,541 6,797 4,717 2,123 2,593 396 2,198 824 555 269 3,893 1,568 2,325 B. Related transactions with U.S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans mm mm 396 269 1,929 V Derived from averages for individual banks for entire week. Figure for each bank indicates extent t o 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 t o repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Note:—Averages of daily figures.
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