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FEDERAL RESERVE statistical release For immediate release October 15, 1971 H. 5 Reserve Positions of Major Reserve City Banks Reserve Period Ended October 6, 1971 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) 1/ 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 33 other 5 banks in Chicago banks 143 53 91 34 29 5 6,192 1,977 4,215 1,145 3,070 -6,082 -1,953 -4,130 -1,130 -3,000 46.6 37.9 52.3 87.1 45.5 15 75 5 — Equal s: 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 6, 1971 (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. be c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) B. 8 banks in New York City 10,616 4,424 2,897 920 7,719 3,504 1,731 586 5,989 2,918 3,839 920 2,919 586 2,333 6,777 1,977 4,800 1,145 3,655 585 — 585 585 6,192 1,977 4,215 1,145 3,071 1,764 1,095 669 94 575 427 118 310 1,337 977 359 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 310 94 17 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 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. 265
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