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F E D E R A L R E S E R V E statistical release f*AL RI& For immediate release November 26, 1971 V >H'5 Reserve Positions of Major Reserve City Banks Reserve Period Ended Corrected November 10, 1971 -r <* (In millions of dollars unless otherwise noted) K * [Jr * 46 banks i —- ' > Reserve excess or deficiency (-) \J ^^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 62 12 50 21 -- — - - 8,502 4,179 4,323 1,519 2,804 -8,547 -4,161 -4,385 -1,531 -2,854 65.7 81.9 55.4 119.5 43.0 23 39 21 - Equals: Net basic reserve surplus ^ or deficit (-): \.j ^ a. b. Net amount As per cent of average required reserves > * *1/ > v 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 Corrected November 10, 1971 (In millions of dollars) 46 banks A. 38 banks outside New York 5 banks 33 others in Chicago banks Interbank Federal funds transactions 1. Gross transactions a. be Purchases Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. b. c. B. 8 banks in New York City Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 12,732 4,230 4,699 520 8,033 3,710 2,065 546 3,640 519 3,121 526 2,595 9,092 4,179 4,912 1,539 3,373 589 21 569, 2,804. 589 5,96%, 3,164 8,503 4,179 4,323 1,519 2,385 1,862 523 181 342 366 96 269 — 269 2,019 1,766 253 181 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3J 3. Net loans 1/ ~ Derived rrom averages tur inuiviuu«i 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 9 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. Mote: — Averages of daily figures. 73
@FedFRASER