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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.