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RESERVE FEDERAL 0?G% statistical [Illl release For immediate release March 7, 1969 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended February 26, 1969 (In millions of dollars unless otherwise noted) 33 other 5 banks in Chicago banks 46 banks 8 banks in New York City 38 banks outside New York Reserve excess or deficiency (-) 1/ 153 102 51 4 47 Less: 234 21 213 25 188 1,022 187 835 330 505 -1,102 -106 -996 -351 -646 9.3 2.3 14.0 31.4 10.8 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 1/ Reserves held after all adjustments applicable to the reporting period including allowable carry-over 2/ and d e f i c i e n c i e s , 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 February 26, 1969 (In millions of dollars) A. 38 banks outside New York 4,462 3,440 1,648 1,461 2,814 1,979 687 358 2,127 1,621 2,151 921 1,230 350 881 2,311 727 1,583 337 1,246 1,289 541 748 8 741 1,022 187 835 330 505 Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. b. c. B. 5 banks 33 other in Chicago banks 8 banks in New York City 46 banks Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 619 545 74 — 74 2. Borrowings from dealers 3/ 184 166 18 — 18 3. Net loans 435 379 56 - - 56 1J 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. 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.
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