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FEDERAL RESERVE statistical release For immediate release March 3, 1972 Reserve Positions of Major Reserve City Banks Reserve Period Ended February 23, 1972 (In millions of dollars unless otherwise noted) . -k 46 banks • Y~- — - .#e<serve excess or deficiency (-) 1/ l^ess: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 48 - - 8 banks in New York City 3 38 banks outside New York 51 - - 5 banks 33 other in Chicago banks 18 33 - - -- 5,569 2,980 2,589 1,288 1,301 -5,521 -2,984 -2,537 -1,270 -1,268 41.4 56.7 31.4 97.9 18.7 "Equals: Net basic reserve surplus ^ or deficit (-): *a. Net amount b. As per cent of average required reserves '17 ^ 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, HNc^te: — Averages of daily figures. r- "h H.5(a) > A- Federal Funds transactions of Major Reserve City Sank8 for the Week Ended February 23, 1972 (In millions of dollars) ^ / \ A. 8 banks in New York Citv 38 banks outside New York 5 banks 33 oth^r4 in Chicago banks Interbank Federal funds transactions 1. Jk Gross transactions a. b. 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. 46 banks r > 11,458 5,889 3,789 809 7,669 5,081 2,096 808 5,573 A4,273 4,193 809 3,385 703 2,682^ , r y 7,265 2,980 1,696 5,569 2,980 4,284 1,393 1,696 105 2,589 1,288 2,892 1,591*. » 1,301 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 1,787 1,467 320 210 52 158 1,576 1,415 162 136 136 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 to repurchase) , resale agreements, and borrowings secured by Gov't, or other issues. 184. . 158 Derived from averages for individual banks for entire week. Figure for each bank 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. Averages of daily figures. r V 1/ Note: — v ^ 26 ^ V
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