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FEDERAL RESERVE statistical release f*AL FOR IMMEDIATE RELEASE May 2 4 , 1974 Reserve Positions of Major Reserve City Banks Reserve Period Ended May 1 5 , 1974 (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 38 banks outside New York 33 other 5 banks in Chicago banks 80 60 19 13 33 429 121 308 14 294 12,742 3,940 8,802 3,800 5,002 -13,092 -4,002 -9,091 -3,828 -5,263 78.8 59.2 215.6 65.1 •Equals: Net basic reserve surplus or deficit (-): a. Net amount be As per cent of average required reserves 92.2 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. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week ended May 1 5 , 1 9 7 4 (In m i l l i o n s of dollars) 4 6 banks 8 banks in New York City 3 8 banks outside N e w Y o r k 5 banks in Chicago 3 3 other banks A. Interbank Federal funds transactions 1. Gross transactions 18,783 6,040 5,408 1,467 13,375 4,573 4,778 978 8,597 3,595 5,659 1,369 4,291 978 3,313 13,123 4,039 9,084 3,800 5,284 380 98 282 12,743 3,941 8,802 3,800 5,002 1,316 521 795 324 472 2. Borrowings from dealers 3/ 639 360 278 3. Net loans 678 161 517 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 (-) 282 B. Related transactions with U.S. Government securities dealers 1. Loans to dealers 2/ V 2/ 278 324 193 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. 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.
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