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• •'ofoovf-. F E D E R A L R E S E R V E statistical release For immediate release August 8, 1969 k Reserve Positions of Major Reserve City Banks Reserve Period Ended July 30, 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 79 76 3 5 9 298 146 152 4 148 1,418 - 33 1,451 210 1,241 -1,637 - 38 -1,599 - 220 -1,380 .9 23.2 21.1 23.6 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 d e f i c i e n c i e s , 2/ 14.8 less the sum of required reserves. For details see Federal Funds Transactions of Major Reserve City Banks. Note: — Averages of daily figures. ; H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended July 30, 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. 1 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 5,252 3,835 1,558 1,591 3,694 2,244 827 617 2,867 1,627 1 2,791 1,139 1,653 547 1,105 I 2,461 420 2,042 280 1,044 453 591 69 33 1,450 210 1,417 - 1,762 522 J 1,240 Related transactions with U. S. Government securities dealers 1 1,034 832 202 21 181 Borrowings from dealers 3/ 321 150 171 — 171 1 Net loans 714 683 31 1. Loans to dealers 2/ 2. 3. 21 V 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 redale) or other lending arrangements. 3/ 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: — 10 Averages of daily figures. 1