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. • * Of GOW FEDERAL RESERVE statistical release For immediate release May 21, 1971 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended -May- 12, 1971 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) 1/ : , Less Borrowings from Reserve Banks 'Less: Net interbank Federal funds ' purchases or sales (-) 2/ 8 banks in New York City 136 38 banks outside New York — 135 33 other 5 banks in Chicago banks 112 24 20 59 39 20 7,285 3,747 3,538 1,491 2,047 -7,209 -3,786 -3,423 -1,467 -1,956 56.1 73.0 44.7 115.7 30.6 >Equals: Net basic reserve surplus or deficit (-): • *' b. Net amount As per cent of average required reserves > * 1J 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. library' - »ESERVE-S1$/ H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended May 12, 1971 (In millions of dollars) 5 banks 33 other ^ in Chicago banks 46 banks A. 38 banks outside New York 11,371 4,086 4,335 588 7,036 3,498 2,005 514 5,030 2,983 3,234 588 2,645 450 2,196 Interbank Federal funds transactions 1. Gross transactions a. be Purchases Sales 2, Total 2-way transactions 1/ 3. Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) B. 8 banks in New York City K 8,137 852 3,747 — 4,390 1,556 2,835 852 65 788 7,285 3,747 3,538 1,491 2,047 1,360 977 383 32 352 279 «. Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 504 225 279 — 3. Net loans 856 751 105 32 ~ 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 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. 73 ^
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