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FEDERAL RESERVE statistical release f^AL RtS^ For immediate release September 10, 1971 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended September 1, 1971 - Preliminary (In millions of dollars unless otherwise noted) 46 banks 8 banks in New York City 38 banks outside New York 33 other 5 banks in Chicago banks 31 6 Peserve excess or deficiency (-) 1/ 144 107 37 Less: 151 99 52 6,110 2,529 3,581 1,280 2,301 -6,117 -2,521 -3,596 1,274 -2,322 47.8 49.9 46.4 99.9 35.9 Borrowings from Reserve Banks "Less: Net interbank Federal funds > purchases or sales (-) 2/ 52 — Equals: Net basic reserve surplus > or deficit (-): >> a. Net amount b. As per cent of average required reserves » ^ * -Sr V >" 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 1, 1971 (In millions of dollars) 46 banks A. 38 banks outside New York 5 banks 33 otfoa* in Chicago banks Interbank Federal funds transactions 1. Purchases Sales 2. . Total 2-way transactions 1/ 3. <- Gross transactions a. b. 10,329 4,219 3,213 683 7,116 3,536 1,861 581 3,584 683 2,900 559 6,745 2,529 4,216 1,302 635 22 3,581 1,280 5,256 " 2,955 ^ 2,341 - Total net transactions a. b. c. B. 8 banks in New York City Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 635 6,110 — — 2,529 Related transactions with U. S. Government securities dealers 2,914" | 613 ] 2,301 , " < •* 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 1,593 1,108 485 93 392 355 176 179 — 179 , 1,238 932 306 93 213" 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 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.