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FEDERAL RESERVE statistical release For immediate release M a y 16, 1975 Reserve Positions of Major Reserve City Banks Reserve Period Ended M a y 7, 1975 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency ( - ) Less: 1/ 8 banks in New York City 164 207 -- Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales ( - ) 2/ 38 b a n k s o u t s i d e New Y o r k - - 2,765 11,983 33 o t h e r 5 banks in Chicago banks 43 30 13 - - — - " 9,218 3,631 9,175 - 3,601 96.8 208.4 5,588 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves - 11,777 73.1 - 2,601 39.2 - - 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. 5,575 71.9 H.5(a) Federal Funds transactions of Major Reserve C i t y Banks f o r the Week ended May 7 , (In m i l l i o n s of dollars) 4 6 banks 1975 8 banks in New York City 3 8 banks outside New Y o r k 5 banks in Chicago 3 3 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 18,600 6,616 4,564 1,799 14,036 4,817 4,584 954 9,451 3,864 4,919 1,074 3,845 954 2,891 13,680 3,490 10,190 3,631 6,560 1,697 724 973 __ 11,983 2,765 9,218 3,631 5,587 2,408 1,130 1,278 267 1,012 603 391 212 — — 212 1,806 740 1,066 267 800 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 973 B. Related transactions with U.S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans V 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 ouying 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 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. Note:—Averages of daily figures.
@FedFRASER