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FEDERAL RESERVE statistical release For immediate release September 14, 1973 Reserve Positions of Major Reserve City Banks Reserve Period Ended September 5, 1973 (In millions of dollars unless otherwise noted) 46 banks Peserve 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 225 159 65 19 47 461 143 318 71 246 6,079 2,092 3,987 1,946 2,041 -6,315 -2,075 -4,240 -1,999 -2,241 42.3 34.7 47.4 121.3 30.7 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves %_/ 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 5, 19=73 (In millions of dollars) A. 38 banks outside New York 13,536 7,457 3,713 1,622 9,823 5,835 2,677 730 7,146 5,105 5,098 1,538 3,561 670 2,890 8,437 2,175 6,262 2,006 4,256 2,359 84 2,275 60 2,215 6,078 2,091 3,987 1,946 2,041 1,713 981 733 520 213 401 ' 299 101 1,313 681 631 Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2, Total 2-way transactions 1/ 3# Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) B. 5 banks 33 other In Chicago banks 8 banks In New York Cltv 46 banks Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 101 520 1/ ~ Derived rrom averages tor m u i v i u u * ! 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. 111