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i •viasajt 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