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FEDERAL RES E R V E s t a t i s t i c a l release For immediate release September 16, 1974 Reserve Positions of Major Reserve City Banks Reserve Period Ended SEPTEMBER 4, 1974 (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 Reserve excess or deficiency (-) 1/ 179 5 184 60 123 Less: 735 206 529 — 529 11,176 3,705 7,471 3,324 4,148 -11,731 -3,915 -7,816 -3,263 -4,553 68.1 55.6 76.7 168.4 55.2 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 SEPTEMBER 4, 1974 (In millions of dollars) 46 banks 8 banks in New York City 3 8 banks outside New York 5 banks irt Chicago 33 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 17,730 6,555 5,158 1,454 12,572 5,101 4,226 903 8,346 4,198 5,049 1,294 3,755 903 2,852 12,682 3,864 8,817 3,324 5,494 1,506 160 1,346 11,176 3,705 7,471 3,324 4,148 2,642 1,403 1,239 330 909 1,078 774 304 1,564 629 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 1,346 B. Related transactions with U.S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 935 304 330 605 V 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.
@FedFRASER