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FEDERAL *6(i [ill! RESERVE s t a t i s t i c a l r e l e a s e For immediate release October 19, 1973 H.5 ^ /<^ /^ 1 L . I B R . ,-V T A R Y serve Positions of Major Reserve City Banks Reserve Period Ended October 10, 1973 In millions of dollars unless otherwise noted) RESERNt-^$ 46 banks 8 banks in New York City 38 banks outside New York 33 other 5 banks in Chicago bank# 9 4 Reserve excess or deficiency (-) 1,/ 181 169 13 Less: 164 43 121 -- 121 10,136 3,651 6,485 3,359 3,126 -10,118 -3,526 -6,593 -3,355 -3,238 65.7 57.2 71.4 202.6 42.8 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 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 10, 1973 (In millions of dollars) A, 5 banks 33 other in Chicago banks 8 banks in New York Citv 16,541 6,405 4,391 739 12,150 5,666 4,053 694 8,097 4,972 4,859 739 4,120 673 3,447 11,682 3,651 8,031 3,380 4,651 1,546 21 1,525 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. 38 banks outside New York 46 banks Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 1,546 10,136 3,651 6,485 3,359 3,126 2,262 1,071 1,191 394 797 693 311 381 81 300 1,570 760 809 313 497 Related transactions with U. S. Government siecurities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans JL/ ~~ 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 ftom 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.
@FedFRASER