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k : FEDERAL statistical RESERVE release For .5 immediate release J u l y 2 2 , 1969 Reserve Positions of Major Reserve City Banks Reserve Period Ended July 9, 1969 * (In millions of dollars unless otherwise noted) 46 banks Peserve excess or deficiency ( - ) 1/ Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales ( - ) 2/ 66 8 banks in New York City 38 banks outside New York 165 165 165 35 6 40 26 33 other 5 banks banks in Chicago 2,819 678 2,142 630 1,512 -2,919 -652 -2,267 -624 -1,642 25.3 14.8 31.7 56.5 27.2 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves : II 2/ Reserves held after all adjustments applicable to the reporting period including allowable carry-over and deficiencies, less the sum of required reserves. For details see Federal Funds Transactions of Major Reserve City Banks. Note: — Averages of daily figures. * H . 5 r e l e a s e d July 11, 1 9 6 9 s h o u l d h a v e read Period ended July 2, 1969. 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. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. be c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales H B. 8 banks in New York City 6,030 3,210 1,911 1,233 4,119 1,977 1,033 403 3,086 1,574 2,480 1,052 1,429 402 1,027 3,549 859 2,690 632 2,058 729 181 548 2 546 2,820 678 2,142 630 1,512 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 856 702 154 30 124 2. Borrowings from dealers 3/ 242 134 108 — 108 3. Net loans 613 568 46 30 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 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: — Averages of daily figures. 16
@FedFRASER