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FEDERAL m t statistical r e l e a s e For immediate release November 2, 1973 €* " « ' * - • H.5 L I B R A R Y RESERVE Reserve Positions of Major Reserve City Banks Reserve Period Ended October 24, 1973 (In millions of dollars unless otherwise noted) 8 banks in New York City 38 banks outside New York 50 12 38 -6 44 475 160 315 54 262 9,358 3,758 5,599 2,646 2,953 -9,783 -3,906 -5,877 -2,706 -3,171 62.9 63.4 62.6 161.5 41.2 46 banks Reserve excess or deficiency (-) 1/ Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 5 banks 33 other in Chicago banks 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: — A v e r a g e s of daily figures. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended October 24, 1973 (In millions of dollars) 46 banks A. 38 banks outside New York 5 banks 33 other in Chicago banks Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. b. c. B. 8 banks in New York Citv Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 16,728 7,370 4,989 1,231 11,739 6,139 3,561 915 8,178 5,225 4,909 1,231 3,678 810 2,869 11,819 3,758 8,060 2,751 5,309 2,461 105 2,356 2,461 9,357 3,758 5,599 2,647 2,953 1,643 1,084 559 430 130 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2f 2. Borrowings from dealers 3/ 811 399 411 95 316 3. Net loans 832 684 148 335 -187 1/ 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. 2/ Federal funds loaned, net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject to redele) 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.