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-voSL^'V F E D E R A L R s t a t i s t i c a l E S E R V E r e l e a s e For H. 5 immediate r e l e a s e September 2 7 , 1974 R e s e r v e P o s i t i o n s of Major R e s e r v e C i t y Banks R e s e r v e P e r i o d Ended SEPTEMBER 1 8 , 1 9 7 4 (In m i l l i o n s of d o l l a r s u n l e s s otherwise noted) 46 banks Reserve e x c e s s or d e f i c i e n c y (•») 1 / Less: 8 banks i n New York C i t y 38 banks o u t s i d e New York 33othe r 5 banks i n C h i c a g o bankn L e s s : Net i n t e r b a n k F e d e r a l f u n d s p u r c h a s e s or s a l e s ( - ) 2.1 68 101 .2 100 330 36 295 - - 295 13,238 4,343 8,896 3,554 5,341 -13,536 Borrowings from R e s e r v e Banks 33 -4,447 -9,089 -3,553 -5,537 77.9 63.0 88.1 185.3 65.9 . Equals: Net b a s i c r e s e r v e s u r p l u s or d e f i c i t ( - ) : a. b. 1/ Net amount As p e r c e n t o f a v e r a g e r e quired r e s e r v e s Reserves held a f t e r a l l adjustments a p p l i c a b l e to the r e p o r t i n g p e r i o d carry-over and deficiencies, less the sum o f 2/ For d e t a i l s r e q u i r e d reserves• s e e F e d e r a l Funds T r a n s a c t i o n s o f Major R e s e r v e C i t y Banks. Note: -- Averages of daily figures. including allowable 1,6(9) F e d e r a f F u n d s t r a n s a c t i o n s of M a j o r R e s e r v e C i t y B a n k s for the Week ended September 18, 1974 (In m i l l i o n s of d o l l a r s ) 4 6 bank* A. I n t e r b a n k F e d e r a l f u n d s transactions 5 banks in C h i c a g o 3 8 banks outside N e w York I . • -* S „ V 18,820 13,317 4,422 . 4,401 8,916 1,160 847 3,575 4,986 * 5,503 5,582 a. P u r c h a s e s b . Sales ' 2. J o t a l 2 w a y t r a n s a c t i o n s 1 / 1,160 3,826 847 2,979 , 3. Total net transactions , 33 other banks • 1 G r o s s transactions - 8 b a n k s in N e w York City a. N e t p u r c h a s e s of n e t buying banks 13,834 b . Net sales of n e t selling b a n k s , 596 4,343 - - 9,491 3,554 596 —— 5,937 596 v c. N e t p u r c h a s e s o r sales •w . 13,238 4,343 8,895 3,554 5,341 3,665 1,859 1,806 364 1,442 919 697 222 2,746 1,162 1,583 B. R e l a t e d t r a n s a c t i o n s w i t h U.S. G o v e r n m e n t s e c u r i t i e s dealers 1. L o a n s t o d e a l e r s 2 / 2. Borrowings f r o m dealers 3 / 3 . N e t loans 1/ J.' —— 364 222 1,219 Derived f r o m a v e r a g e s f o r i n d i v i d u a l b a n k s f o r e n t i r e w e e k . F i g u r e f o r e a c h b a n k i n d i c a t e s e x t e n t t o w h i c h its w e e k l y a v e r a g e p u r c h a s e s a n d sales a r e o f f s e t t i n g ; t h a t is, it is t h e lesser of t h e t w o a m o u n t s . G r o s s p u r c h a s e s less 2 - w a y t r a n s a c t i o n s e q u a l s n e t p u r c h a s e s of n e t b u y i n g b a n k s . S i m i l a r l y , gross sales less 2 - w a y t r a n s a c t i o n s e q u a l s n e t sales of n e t selling b a n k s . 2/ F e d e r a l f u n d s l o a n e d , n e t f u n d s s u p p l i e d t o e a c h d e a l e r b y c l e a r i n g b a n k s , r e p u r c h a s e a g r e e m e n t s ( p u r c h a s e s of s e c u r i t i e s f r o m d e a l e r s s u b j e c t t o r e s a l e ) or o t h e r l e n d i n g a r r a n g e m e n t s . 3/ . F e d e r a l f u n d s - b o r r o w e d , n e t f u n d s a c q u i r e d f r o m e a c h d e a l e r b y c l e a r i n g b a n k s , r e v e r s e r e p u r c h a s e a g r e e m e n t s (sales of s e c u r i t i e s . t o d e a l e r s s u b j e c t t o r e p u r c h a s e ) , resale a g r e e m e n t s , a n d b o r r o w i n g s s e c u r e d b y G o v ' t , or o t h e r i s s u e s . N o t e : — A v e r a g e s of d a i l y f i g u r e s .