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FEDERAL statistical RESERVE r e l e as e For immediate release November 16, 1973 Reserve Positions of Major Reserve City Banks Reserve Period Ended November 7, 1973 (In millions of dollars unless otherwise noted) 46 banks Peserve 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 5 banks 33 other in Chicago banks 54 74 -20 256 170 86 11,833 5,072 6,761 3,518 3,243 -12,034 -5,168 -6,867 -3,543 -3,324 78.7 85.7 74.1 216.2 43.6 -25 5 86 - - 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. Note: — Averages of daily figures. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended November 7, 1973 (In millions of dollars) A. 8 banks in New York Citv 38 banks outside New York 18,939 7,106 5,679 607 13,260 6,499 4,254 736 9,006 5,763 4,871 607 4,264 652 3,612 14,068 5,072 8,996 3,602 5,394 2,235 - - 2,235 84 2,152 Interbank Federal funds transactions 1. 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. 5 banks 33 other in Chicago banks 46 banks 11,832 5,072 6,761 3,518 3,242 2,463 1,656 807 509 298 683 383 300 95 205 1,780 1,272 507 414 93 Related transactions with U« S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3V 3. Net loans 1/ Derived rrom averages tor muiviuuai u o u m a vs. »»». 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.
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