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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.