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FEDERAL statistical RE S E R V E release For immediate release April 4, 1969 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended March 26, 1969 (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/ 8 banks in New York City 38 banks outside New York 33 other 5 banks in Chicago banks 72 39 33 1 32 352 43 309 38 272 1,655 469 1,186 812 374 -1,935 -473 -1,463 -849 -614 16.9 10.6 20.8 79.4 10.3 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. I H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended March 26, 1969 (In millions of dollars) 46 banks A. 8 banks in New York Citv 38 banks outside New York 5 banks 33 other in Chicago banks Interbank Federal funds transactions 1. Gross transactions a. b. 2. . 3. Purchases Sales Total 2-way transactions 1/ 4,681 3,026 1,650 1,182 3,030 1,845 1,081 270 1,949 1,575 2,027 985 1,043 258 785 2,653 666 1,988 824 1,164 999 197 802 12 790 1,655 469 1,186 812 374 1 Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) B. i | 1 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 668 595 73 2. Borrowings from dealers 3/ 344 155 189 3. Net loans 324 440 +116 11 62 i 189 11 1/ Derived trom averages cor maj.vj.uuax - -= 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/ ~ 1 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/ +127 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. I