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FEDERAL
statistical

RESERVE
release
For immediate release
August 22, 1969

H.5

Reserve Positions of Major Reserve City Banks
Reserve Period Ended August 13, 1969
(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/

150

94

56

9

47

Less:

483

118

365

134

231

2,636

446

2,190

775

1,415

-2,969

-470

-2,499

-900

-1,599

26.1

10.8

35.6

81.8

27.0

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 re......

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.

:

:

f




H. 5(a)

Federal Funds transactions of Major Reserve City Banks
for the Week Ended August 13, 1969
(In millions of dollars)

46 banks
A.

38 banks outside New York

5 banks 33 other
in Chicago banks

Interbank Federal funds
transactions
1.

Gross transactions
a.
b.

Purchases
Sales

2.

Total 2-way transactions 1/

3.

Total net transactions
a.
b.
c.

Net purchases of net
buying banks
Net sales of net
selling banks
Net purchases or sales

(-)
B.

8 banks in
New York City

5,678
3,042

1,750
1,304

3,928
1,738

1,022
247

2,426

1,182

1,243

247

996

3,252

568

2,685

775

1,910

616

122

495

2,636

446

2,190

775

1,415

21

110

495

Related transactions with
U. S. Government securities
dealers
1•

Loans to dealers 2/

689

558

131

2.

Borrowings from dealers 3/

353

172

180

3.

Net loans

337

386

+49

180 I
21

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 re stale)
or other lending arrangements.

2/

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.




+70