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FEDERAL statistical RESERVE release For immediate release July 11, 1969. Reserve Positions of Major Reserve City Banks Reserve Period Ended July/9^ 1969. P (In millions of dollars unless otherwise noted) 38 banks outside New York 33 other 5 banks in Chicago banks 46 banks 8 banks in New York City Reserve excess or deficiency (-) JL/ 301 176 125 35 90 Less: 541 125 416 4 412 1,835 207 1,628 580 1,048 -2,076 -157 -1,919 -549 -1,370 18.1 3.6 27.1 50.5 22.9 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 required reserves V 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. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended July 9, 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. i Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. b. c. 8. 8 banks in New York City Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 5,072 3,237 1,541 1,334 3,531 1,902 892 312 2,638 1,590 2,281 1,031 1,251 300 951 t 1 2,791 511 2,280 592 1,688 955 304 651 12 640 1,836 207 1,628 580 1,048 Related transactions with U. S. Government securities dealers J i 1. Loans to dealers 2/ 869 772 98 2. Borrowings from dealers 3/ 272 145 127 3. Net loans 598 626 +29 19 79 127 19 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 resale) 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: — i \ [ 448 Averages of daily figures. i
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