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•V > FEDERAL statistical -A RESERVE release For immediate release May 26, 1972 K H.5 T i T H j R A R Y ^ e s W r v e Positions of Major Reserve City Banks ^ Reserve Period Ended May 17, 1972 ffESERVE-S^^^fln millions of dollars unless otherwise noted) 46 banks 8 banks in New York City 38 banks outside New York 33 other 5 banks in Chicago banks Peserve excess or deficiency (-) 1/ 44 19 25 20 Less: 21 21 - - " 6,064 3,205 2,859 1,741 1,119 -6,041 -3,207 -2,834 -1,721 -1,113 42.7 56.4 33.4 122.9 15.7 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 6 - - - Equals: Net basic reserve surplus or deficit (-): v a. Net amount be 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. ir H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended May 17, 1972 (In millions of dollars) 46 banks A. Total 2-way transactions 1/ 3. Total net transactions b. c. 3/ ~ Purchases Sales 2. a. If 5 banks 33 other in Chicago banks * A 4 - / Gross transactions a. b. 1/ 38 banks outside New York Interbank Federal funds transactions 1. B. 8 banks in New York Citv Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 12,039 5,976 4,060 856 7,979 5,120 2,402 661 3,756 856 2,900 614 5,578 k 4,459 i 2,2-86A k- 8,284 3,204 2,220 6,064 3,204 5,079 1,788 2,220 47 2,859 1,740 3,292 " 2,173* 1,119 4 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans >-• 1,476 1,037 439 233 30 203 1,243 1,007 236 268 171* 268 203 * 1 -32 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. 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. ' A v y v *