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L.5.6 November 1 9 , 1971 CONFIDENTIAL ( F . R . ) Table I T r a n s a c t i o n s of Major R e s e r v e C i t y Banks w i t h U. S. Government S e c u r i t i e s D e a l e r s f o r t h e Week Ended November 10, 1971 ( I n m i l l i o n s of d o l l a r s ) 46 banks 1. Collateral loans (balances outstanding) a. b. 2. b. b. Gross p u r c h a s e s from dealers (-) Gross s a l e s t o d e a l e r s Net F e d e r a l f u n d s s u p p l i e d to dealers Net F e d e r a l f u n d s a c q u i r e d from d e a l e r s ( - ) Borrowings from d e a l e r s and r e v e r s e repurchase agreements (balances outstanding) ( - ) Net l o a n s 1/ 2,075 1,553 523 181 342 184 184 XX XX XX 12 60 12 60 XX XX XX XX XX XX 66 66 XX XX XX 46 46 XX XX XX 308 38 269 2,019 1,766 253 C l e a r i n g bank b a l a n c e s a. 4. Made o r i g i n a l l y i n F e d e r a l funds Made o r i g i n a l l y i n C l e a r i n g House f u n d s 1 / Unsecured o n e - d a y F e d e r a l funds t r a n s a c t i o n s a. 3. 8 banks i n 38 banks 33 o t h e r 5 banks New York o u t s i d e i n C h i c a g o banks New York City 269 181 These d a t a are i n c l u d e d i n terms of the day on which r e s e r v e b a l a n c e s are a f f e c t e d , i . e . , t h e b u s i n e s s day a f t e r t h e l o a n s are made. 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 . 73 Table I I Footnotes V Each d a y ' s o f f s e t t i n g p u r c h a s e s or s a l e s by t h e same bank. Gross p u r c h a s e s l e s s 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 net buying banks. S i m i l a r l y , g r o s s s a l e s l e s s 2-way t r a n s a c t i o n s e q u a l s n e t s a l e s of n e t s e l l i n g banks. 2/ I n c l u d e s F e d e r a l funds l o a n e d , the n e t funds s u p p l i e d t o each d e a l e r by c l e a r i n g b a n k s , r e p u r c h a s e agreements ( p u r c h a s e s of s e c u r i t i e s from 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/ I n c l u d e s F e d e r a l funds borrowed, the n e t funds a c q u i r e d from each d e a l e r by 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 agreements ( s a l e s 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 ) , r e s a l e a g r e e m e n t s , and borrowings secured by Government or o t h e r i s s u e s . 4/ Based upon r e s e r v e b a l a n c e s i n c l u d i n g a l l a d j u s t m e n t s a p p l i c a b l e t o t h e r e p o r t i n g p e r i o d . C a r r y o v e r r e s e r v e d e f i c i e n c i e s , i f any, a r e d e d u c t e d . T h i s f i g u r e i s shown i n p a r e n t h e s e s on T h u r s d a y s . L -5.o(A) TABLE o v c T nCM T I A DAILY FEDERAL F U N D S T R A N S A C T I O N S CF M A J O R R E S E R V E C I T Y WEEK E N D E D NOVEMBER 1 0 , 1971 M I L L I O N S OF D O L L A R S U N L E S S O T H E R W I S E N O T E D ) (IN FEDERAL GK05S I NT• R6ANk TRANSACTIONS EFFECTIVE RATE REPORTING B A N K S AND DATE 46 BANKS NOV. 0 4 05 08 09 10 5 5 4 4 4 7/8 7/8 3/4 II PURCHASES 12,702 12,600 13,193 13,063 12,366 SALES 4 3 4 4 4 , , , , , 5 7 9 4 4 FUNDS RELATED TRANSACTIONS T W I T H U . b . u u v t KINH C N 1 S E C U R I T I E S DEA L E R S TRANSACTIONS NET INTERBANK TRANSACTIONS PUR- TOTAL 2-WAY TRANSACTIONS 1/ CHASES CF N E T BUYING BANKS 36 69 18 37 09 4,069 3,373 3,261 3,400 3,868 8,633 9,228 9,932 9 ,663 8,499 SALES O F NET SELLING BANKS 467 397 1,657 1,037 542 NET P U R CHASES OR SALES(-) BANKS LOANS TO DEALERS 2/ BORROWINGS FROM DEALERS 3/ -814 272 -810 363 -531 2,174 1,622 1,850 1,760 1,714 -78 -480 854 652 -6 406 331 113 -37 296 -736 752 -1665 -289 -525 €521) 160 235 113 115 170 -357 75 7 2 89 -390 (141) 246 96 -379 677 -1672 -578 -135 (380) 301 351 330 443 431 4,073 3,820 5,185 4,800 3,737 2,297 1,720 1,925 1,874 1,78 1 123 98 76 114 67 4,646 4,320 5,500 5,275 4,510 573 500 315 475 773 573 500 315 475 773 4,073 3,820 5,185 4,800 3,737 3 8 BANKS O U T S I D E NEW YORK NOV. 0 4 05 08 09 10 XX XX XX XX XX 8,056 8,280 7,693 7,788 7,856 3,962 3,269 4,603 3,962 3,636 3,496 2,872 2,946 2,925 3,094 4,560 5,408 4,747 4,863 4,762 467 397 1,657 1,037 542 4,093 5,011 3,090 3,826 4,220 584 584 368 292 660 5 BANKS IN CHICAGO NOV. 0 4 05 08 09 10 XX XX XX XX XX 1,906 2,213 2,058 2,050 1,804 730 465 535 566 601 714 465 506 514 552 1,192 1,749 1,553 1,537 1,252 16 1,176 1,749 1,523 1,485 1,203 160 235 113 115 170 — XX XX XX XX XX 6, 150 6,067 5,635 5,738 6,052 3,232 2,805 4 , C68 3,397 3,036 2,782 2,408 2,441 2,412 2,542 2,918 3,262 1,567 2,341 424 349 255 177 490 178 253 255 3 29 364 ALL OTHER NOV. 0 4 05 08 09 10 BANKS ^JOR F O O T N O T E S S E E * REVERSE • OF 3, 3, 3, 3, 3, 3 6 1 3 5 6 5 9 2 1 8 9 4 7 0 451 397 1,627 985 493 L.5.6 • • • e RESERVE BANKS (294) 178 253 255 329 364 n n o p nU ft D UKK u — INGS ( 815) 2, 881 2,304 2,293 2,166 2,441 XX XX XX XX XX 29 52 49 R E S ER V E EXCESS OR D E F I CIENCY <-> 4/ 2,580 1,953 1,963 1, 723 2,010 8, 166 8,831 8,275 8,626 7,957 8 BANKS IN NEW YORK C I T Y NOV. 0 4 05 08 09 10 — NET LOANS 1 « - -152 126 21 21 - - — —
