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F E D E R A L R E S E R V E statistical release For immediate release October 1, 1971 Reserve Positions of Major Reserve City Banks Reserve Period Ended September 22, 1971 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) 1/ 'Less: Borrowings from Reserve Banks w 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 20 26 6 7 13 134 86 49 9 39 i 8,066 3,436 4,629 1,206 3,424 -8,220 -3,549 -4,672 -1,221 -3,450 63.8 70.2 59.8 95.0 52.8 Equals: Net basic reserve surplus < or deficit (-): 4 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 September 22, 1971 (In millions of dollars) 46 banks A, 38 banks outslde New York 5 banks 33 othep 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. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) B. 8 banks in New York City 12,397 4,331 4,219 782 8,178 3,549 1,833 627 6,345 2,922 4,003 783 3,220 613 2,608 8,394 3,436 4,958 1,220 3,738 328 14 314 328 8,066 3,436 4,630 1,206 1,879 1,078 801 86 292 141 151 1,587 937 651 3,424 ^ Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 37 3. Net loans 151 86 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 redale) or other lending arrangements. 2/ 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. 715 565
@FedFRASER