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FEDERAL statistical RESERVE release ?3SuS3? For immediate release November 30, 1973 Reserve Positions of Major Reserve City Banks Reserve Period Ended November 21 , 1973 (In millions of dollars unless otherwise noted) 46 banks 8 banks in New York City 38 banks outside New York 5 banks 33 other in Chicago banks Reserve excess or deficiency (-) 1/ 167 87 80 Less: 487 189 298 12,584 4,044 8,539 4,142 4,398 -12,904 -4,147 -8,757 -4,144 -4,614 84.0 67.9 94.6 263.6 60.0 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) If 82 -2 298 - - 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 21, 1973 (In millions of dollars) A. 8 banks in New York Citv 38 banks outside New York 19,131 6,547 5,093 1,048 14,038 5,499 4,943 801 9,095 4,698 5,108 1,048 4,060 717 3,343 14,022 4,044 9,978 4,225 5,753 1,439 84 1,355 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. 5 banks 33 other in Chicago banks 46 banks Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 1,439 — 12,584 4,044 8,539 4,141 4,398 1,354 557 316 241 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 1,911 2. Borrowings from dealers 3/ 1,004 . 421 583 54 528 3. Net loans 908 933 -26 261 -287 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 resale) or other lending arrangements. 3/ Federal funds borrowed, net funds acquired from each dealer by elearlng 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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