The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Of c o v MiMi F E D E R A L iiiiitt R E S E R V E statistical release For Immediate R e l e a s e October 11, 1974 H.5 R e s e r v e P o s i t i o n s of Major R e s e r v e C i t y Banks R e s e r v e Period Ended O c t o b e r 2 , 1 9 7 4 ( I n m i l l i o n s of d o l l a r s u n l e s s o t h e r w i s e n o t e d ) P e s e r v e e x c e s s or d e f i c i e n c y ( - ) 1_/ Less: Borrowings from R e s e r v e Banks L e s s : Net i n t e r b a n k F e d e r a l f u n d s p u r c h a s e s or s a l e s ( - ) 2 / 38 banks o u t s i d e New York 33 o t h e r 5 banks i n Chicago banks 46 banks 8 banks i n New York C i t y 271 76 195 49 146 184 0 184 0 184 -9,977 3,920 6,057 1,986 4,071 -9,890 -3,244 -6,046 -1,937 -4,109 57.4 54.5 59.3 99.4 49.9 , Equals: Net b a s i c r e s e r v e s u r p l u s or d e f i c i t ( - ) : a. Net amount b. As per c e n t o f a v e r a g e r e quired r e s e r v e s 1J R e s e r v e s held a f t e r a l l a d j u s t m e n t s a p p l i c a b l e t o t h e r e p o r t i n g p e r i o d i n c l u d i n g a l l o w a b l e c a r r y - o v e r and d e f i c i e n c i e s , l e s s t h e sum of r e q u i r e d r e s e r v e s . 2y For d e t a i l s s e e F e d e r a l Funds T r a n s a c t i o n s of Major R e s e r v e C i t y Banks. Note: — Averages of d a i l y f i g u r e s . • H . 5 (a) F e d e r a l F u n d s t r a n s a c t i o n s of M a j o r R e s e r v e C i t y B a n k s for the Week ended October 2, 1974 (In m i l l i o n s of d o l l a r s ) 4 6 banks 8 b a n k s In N e w York City 3 8 banks outside N e w York 5 banks in C h i c a g o 33 other banks A. I n t e r b a n k Federal f u n d s transactions 1 . Gross t r a n s a c t i o n s a. Purchases b. Sales 2. Total 2-way t r a n s a c t i o n s 1/ 17,661 7,684 5,305 1,385 12,356 6,299 3,163 1,177 9,193 5,122 5,868 1,355 4,513 1,177 3,336 3,949 " 7,843 1,986 5,857 1,786 . 3. Total net t r a n s a c t i o n s a. Net p u r c h a s e s of n e t buying b a n k s b. Net sales of n e t selling b a n k s 11,792 1,815 29 /• . 0 c. Net p u r c h a s e s o r sales • 1,786 ~ 9,977 3,920 6,057 1,986 3.262 1,524 1,738 360 891 601 290 0 290 2,371 923 1,449 . ,360 1,088 4,071 B. Related t r a n s a c t i o n s w i t h U.S. G o v e r n m e n t securities dealers 1. Loans t o dealers 2 / 2. Borrowings f r o m dealers 3 / 1,378 - 3. Net loans 1/ Derived f r o m averages f o r individual b a n k s f o r e n t i r e w e e k . Figure for each b a n k i n d i c a t e s e x t e n t t o w h i c h its w e e k l y average purchases and sales are o f f s e t t i n g ; t h a t is, it is t h e lesser of t h e t w o a m o u n t s . Gross p u r c h a s e s less 2 - w a y t r a n s a c t i o n s e q u a l s n e t purchases of n e t b u y i n g b a n k s . Similarly, gross sales less 2-way t r a n s a c t i o n s e q u a l s n e t sales of n e t selling b a n k s . 2/ Federal f u n d s l o a n e d , n e t f u n d s s u p p l i e d t o each dealer by clearing b a n k s , r e p u r c h a s e a g r e e m e n t s ( p u r c h a s e s of s e c u r i t i e s f r o m dealers s u b j e c t t o resale) or o t h e r lending a r r a n g e m e n t s . 3/ Federal f u n d s b o r r o w e d , n e t f u n d s a c q u i r e d f r o m each dealer by clearing b a n k s , reverse r e p u r c h a s e a g r e e m e n t s (sales of s e c u r i t i e s t o dealers s u b j e c t t o r e p u r c h a s e ) , resale a g r e e m e n t s , a n d b o r r o w i n g s s e c u r e d by G o v ' t , or o t h e r issues. N o t e : — A v e r a g e s of d a i l y figures.