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H FEDERAL statistical RESERVE release For immediate release May 9, 1969 k ' H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended April 30, 1969 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) 1J 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 16 - 14 2 353 63 290 33 258 1,814 292 1,522 527 995 -2,184 -370 -1,814 -560 -1,254 18.4 8.0 24.9 50.8 20.3 2 — — Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves 1J 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 April 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. 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 City Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 4,605 2,791 1,558 1,265 3,048 1,526 805 278 2,243 1,248 2,269 1,176 1,093 264 830 2,336 522 382 89 1,955 433 541 15 1,413 418 1,814 292 1,522 527 995 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 852 720 132 20 112 2. Borrowings from dealers 3/ 201 76 125 — 125 3. Net loans 651 644 7 20 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: — Averages of daily figures. + 13