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FEDERAL statistical RESERVE release For i m m e d i a t e release, M a y 26, 1969 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended M a y 14, 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 ( - ) V 189 126 63 11 52 Less: 381 121 260 - - 260 3,288 1,292 1,996 994 1,002 -3,481 -1,288 -2,193 - 983 -1,210 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 28.9 27.6 . 29.6 84.4 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. 19.4 H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended May 14, 1969 (In millions of dollars) 46 banks A. 38 banks outside New York 5 banks 33 other in Chicago * v *A4i W M^S|V 44 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. 8 banks in New York Citv Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 5,734 2,446 2,118 826 3,616 1,620 1,225 231 2,391 1,390 1,912 711 1,202 231 971 3,822 1,407 2,415 994 1,421 534 116 419 3,288 1,292 1,996 994 1,002 9 185 419 — Related transactions with U, S. Government securities dealers 1. Loans to dealers 2/ 895 701 194 2. Borrowings from dealers 3/ 185 90 95 3. Net loans 709 611 99 95 — 9 — . ,7— ^ ciiuo-ic weeK. figure ror eacn ban! 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. 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. 90
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