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FEDERAL - RESERVE — /jrta ti sti c a l ^ r e I e a s e -rfSrA immediate release ay 7, 1971 '••f*ALK£&?H.5 Reserve Position Reserve Period Ende ity Banks 1971 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) 1_/ 62 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 5 banks 33 other in Chicago banks 34 28 6 65 42 23 18 3 6,200 2,760 3,440 1,404 2,036 -6,328 -2,837 -3,491 -1,416 -2,076 48.8 55.0 44.8 109.6 31.9 - - 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. » v Note: -- Averages of daily figures. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended APRIL 28, 1971 (In millions of dollars) 46 banks A. 5 banks 33 other in Chicago banks Interbank Federal funds transactions 1. * , 'K Gross transactions a. b. 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 138 banks outNew York City 1 side New York 9,817 3,617 3,546 786 6,271 2,831 1,756 352 4,515 2,47? 3,083 786 2,297 310 1,98? 6,735 2,760 3,974 1,446 2,523 534 42 492 534 6,200 2,760 3,440 1,404 2,036 1,539 986 553 99 454 275 117 158 1,264 869 395 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 158 99 1/ Derived trom averages tor luuivmuai — .. 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 re*ele) 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. 29%
@FedFRASER