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FEDERAL

RESERVE

s t a t i s t i c a l

r e l e a s e
For immediate release
M a y 12, 1972

Reserve Positions of Major Reserve City Banks
Reserve Period Ended
M a y 4, 1972
(In millions of dollars unless otherwise noted)

46 banks

8 banks in
New York City

38 banks outside New York

5 banks
33 other
in Chicago banks

Reserve excess or deficiency ( - ) 1/

21

37

57

23

Less:

60

60

—

—

4,306

1,541

2,765

1,544

1,221

-4,345

-1,638

-2,708

-1,521

-1,187

31.7

30.4

32.6

112.9

17.0

Borrowings from Reserve Banks

Less: Net interbank Federal funds
purchases or sales ( - ) If

34

Equals: Net basic reserve surplus
or deficit (-):
a.

Net amount

b.

As per cent of average required reserves

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 May 3 , 197 2
(In millions of dollars)

A.

5 banks 33 other
in Chicago banks

8 banks in
New York Citv

10,211
5,905

2,757
1,216

7,453
4,689

2,288
744

5,166
3,945

4,100

991

3,109

676

2,433

6,111

1,767

4,344

1,611

2,733

1,805

225

1,580

67

1,512

4,306

1,541

2,765

1,544

1,221

1,828

1,470

358

229

130

233

78

155

—

155

1,595

1,392

203

229

- 26

Interbank Federal funds
transactions
1.

Gross transactions
a.
b.

Purchases
Sales

2.

Total 2-way transactions If

3.

Total net transactions
a.
b.
c•

B.

38 banks outside New York

46 banks

Net purchases of net
buying banks
Net sales of net
selling banks
Net purchases or sales
(-)

Related transactions with
U. S. Government securities
dealers
1.

Loans to dealers 2/

2.

Borrowings from dealers 3/

3.

Net loans

1/
~

D e r i v e d trom a v e r a g e s t u t l u u i v i u u a i
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.