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.•siiS%, FEDERAL RESERVE statistical release For immediate release September 24, 1971 H. 5 Reserve Positions of Major Reserve City Banks Reserve Period Ended September 15, 1971 (In millions of dollars unless otherwise noted) 46 banks ^Reserve excess or deficiency (-) 1 / _ Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 125 97 8 banks in New York City 38 banks outside New York 78 47 — 33 other 5 banks in Chicago banks 2 49 97 97 8,258 3,768 4,490 1,343 3,147 -8,231 -3,691 -4,540 -1,345 -3,195 62.9 71.4 57.3 101.9 48.4 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 15, 1971 (In millions of dollars) 46 banks A. 38 banks outside New York 5 banks 33 o t h e ^ in Chicago banks Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. 12,323 4,065 4,390 622 7,933 3,443 1,892 549 6,041 2,894 3,666 621 3,045 549 2,496 8,657 3,768 4,889 1,343 Total net transactions a. be c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) B. 8 banks in New York City 398 398 8,259 3,768 4,490 1,343 2,174 1,272 901 128 339 192 147 1,835 1,080 755 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 147 128 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 redele) 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. 774 627
@FedFRASER