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FEDERAL s t a t i s t i c a l RESERVE r e l e a s e For immediate release October 3, 1969 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended September 24, 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/ 8 banks in New York City 38 banks outside New York 33 other 5 banks in Chicago banks 62 24 38 4 34 390 84 307 39 268 3,715 1,252 2,463 1,004 1,459 -4,043 -1,311 -2,731 -1,039 -1,693 35.4 29.3 39.4 98.0 28.8 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 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. 1 H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended September 24, 1969 (In millions of dollars) I 46 banks A. 38 banks outside New York 5 banks 33 other in Chicago banks Interbank Federal funds transactions 1. 1 Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. 6,452 2,737 2,124 872 4,328 1,865 1,298 294 3,030 1,571 2,272 846 1,425 294 1,131 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 (-) 1 4,180 1,278 2,903 465 26 440 3,715 1,252 2,463 1,898 1,004 440 1,004 1 1 1,459 Related transactions with U. S. Government securities dealers . 1. 1 1 Loans to dealers 2/ 671 583 88 41 47 2. Borrowings from dealers 3/ 231 117 114 1 112 3. Net loans 440 466 26 40 + 1/ 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/ 65 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 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. 1
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