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0* cow;. FEDERAL RESERVE statistical release For immediate r e l e a s e May 1 0 , 1974 H.5 Reserve P o s i t i o n s of Major Reserve C i t y Banks Reserve Period Ended May 1 , 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 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 / 8 banks i n New York C i t y 38 banks o u t s i d e New York 5 banks 33 o t h e r i n Chicago banks 77 78 -1 -20 19 579 107 471 —— 471 12,177 2,938 9,239 3,521 5,718 -12,679 -2,967 -9,712 -3,541 -6,171 76.8 44.2 99.2 199.3 77.0 Equals: 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 be As per cent of average r e quired r e s e r v e s 1 1/ Reserves held a f t e r a l l adjustments a p p l i c a b l e to the 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 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 C i t y B a n k s f o r t h e Week e n d e d May 1 , 1 9 7 4 (In m i l l i o n s of d o l l a r s ) 46 banks 8 banks in New York City 3 8 banks outside New York 5 banks in Chicago 33 other banks A. Interbank Federal funds transactions 1. Gross transactions 19,231 7,054 5,161 2,224 14,070 4,830 4,406 885 9,663 3,945 5,704 1,717 3,987 885 3,102 13,527 3,444 10,083 3,521 6,561 1,350 507 844 12,176 2,938 9,239 3,521 5,718 1,467 783 685 320 365 2. Borrowings from dealers 3[ 562 310 252 — — 252 3. Net loans 906 473 432 320 112 a. Purchases b. Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 844 B. Related transactions with U.S. Government securities dealers 1. Loans to dealers 2/ 1/ 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. 2/ Federal funds loaned, net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject t o 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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