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R HRR i V l ^ i s t i c a I E S E R V E r e l e a s e For immediate r e l e a s e March 8 , 1974 Reserve P o s i t i o n s of Major Reserve C i t y Banks R e s e r v e Period Ended F e b r u a r y 2 7 , 1974 ( I n 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 n o t e d ) 46 banks Reserve e x c e s s o r d e f i c i e n c y ( - ) 1/ Less: Borrowings from Reserve Banks L e s s : Net i n t e r b a n k F e d e r a l f u n d s purchases or s a l e s ( - ) 2/ 96 487 8 banks i n New York C i t y 104 - - 38 banks o u t s i d e New York 8 487 33 o t h e r 5 banks i n Chicago banks -13 4 487 - - 15,858 5,446 10,412 4,489 5,923 -16,249 -5,341 -10,907 -4,485 -6,422 107.1 87.9 119.9 286.2 85.3 E q u a l s : Net b a s i c r e s e r v e s u r p l u s or d e f i c i t ( - ) : a. Net amount b. As p e r c e n t of a v e r a g e r e quired reserves 1/ Reserves h e l d a f t e r a l l a d j u s t m e n t s a p p l i c a b l e t o t h e r e p o r t i n g p e r i o d i n c l u d i n g a l l o w a b l e 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 t h e sum of r e q u i r e d r e s e r v e s . 2/ For d e t a i l s see F e d e r a l Funds T r a n s a c t i o n s 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) Federal Funds t r a n s a c t i o n s of Major Reserve C i t y Banks f o r the Week Ended F e b r u a r y 2 7 , 1974 (In m i l l i o n s of d o l l a r s ) 46 banks A. 5 banks 33 other 38 banks out- 1| side New York 11 i n Chicago banks 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 1/ 3. Total n e t t r a n s a c t i o n s a. b. c. B. 8 banks In New York Citv Net purchases of n e t buying banks Net s a l e s of n e t s e l l i n g banks Net purchases or s a l e s H 21,748 5,890 6,352 906 15,396 4,984 5,282 792 10,114 4,191 5,332 906 4,426 792 3,634 16,415 5,446 10,970 4,489 6,480 558 - - 558 - ~ 558 15,858 5,446 10,412 4,489 5,923 2,557 1,504 1,053 438 615 499 317 182 2,058 1,187 871 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 I# Loans to d e a l e r s 2/ 2. Borrowings from d e a l e r s 3/ 3s Net loans - - 438 U Derived from averages f o r i n d i v i d u a l banks f o r e n t i r e week. Figure f o r each bank i n d i c a t e s e x t e n t to which i t s weekly average purchases and s a l e s a r e 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 s s 2-way t r a n s a c t i o n s equals net purchases of net buying banks. S i m i l a r l y , gross s a l e s l e s s 2-way t r a n s a c t i o n s equals net s a l e s of net s e l l i n g banks. 2/ Federal funds loaned, net funds supplied to each d e a l e r 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 g a l e ) or o t h e r lending arrangements. 2/ Federal funds borrowed, n e t funds acquired from each d e a l e r 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 r e p u r c h a s e ) , r e s a l e agreements, and borrowings secured by G o v ' t , or o t h e r i s s u e s . Note: — Averages of d a i l y f i g u r e s . 182 434
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