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.••'of cov/'. FEDERAL RESERVE statistical release For immediate release September 15, 1972 H.5 ve Positions of Major Reserve City Banks rve Period Ended September 6, 1972 In millions of dollars unless otherwise noted) 1 A 46 banks 8 banks in New York City 38 banks outside New York 33 other 1 5 banks in Chicago banks 63 138 Reserve excess or deficiency (-) 1/ 561 359 202 Less: 388 260 128 7,166 3,502 3,664 1,234 2,430 -6,994 -3,403 -3,591 -1,171 -2,420 51.9 64.9 43.6 86.1 35.2 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 128 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. y Note: — Averages of daily figures, H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended September 6, 1972 (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 1J 3. 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 (-) 12,719 5,553 4,168 666 8,551 4,886 2,119 885 6,432 4,001 4,228 666 3,562 762 2,800 x y 8,491 3,502 1,325 4,989 1,358 3,632 1,325 124 1,202 7,165 3,502 3,664 1,234 2,430 1,852 1,334 518 128 390 - 235 73 163 163 * 1,617 1,262 356 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 128 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. 228
@FedFRASER