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% 4 ^ FEDERAL as statistical ^ W / M S 0 % L - l 1 > i-x.^A.l?£ 5 T H.S RESERVE \'%) \ A I release For immediate release October 12, 1973 Reserve Positions of Major Reserve City Banks Reserve Period Ended October 3, 1973 (In millions of dollars unless otherwise noted) 46 banks 8 banks in New York City Reserve excess or deficiency (-) 1/ 223 78 Less: 109 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ ' 38 banks outside New York 33 other 5 banks in Chicago banks 146 12 133 43 66 21 45 7,637 2,945 4,691 2,789 1,902 -7,522 -2,910 -4,612 -2,798 -1,813 49.8 48.0 50.9 173.3 24.4 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 October 3, 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 (-) 15,720 8,084 4,339 1,394 11,382 6,690 3,580 791 7,801 5,899 5,512 1,381 4,131 710 3,421 10,208 2,958 7,250 2,871 4,380 2,572 13 2,559 81 2,478 7,637 2,945 4,692 2,789 1,902 1,827 1,118 709 404 305 601 Related transactions with U. S. Government securities dealers 1. Loans to dealers If 2. Borrowings from dealers 3/ 936 335 601 — 3. Net loans 892 783 108 404 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 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. - 296
@FedFRASER