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FEDERAL statistical RESERVE release For immediate release September 12, 1969 f*AL RfcStf Reserve Positions of Major Reserve City Banks Reserve Period Ended September 3, 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 (-) 1/ 177 47 131 21 109 Less: 346 57 289 16 273 1,959 95 1,864 787 1,077 105 -2,022 781 -1,241 2.4 29.2 72.4 21.2 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/ -2,128 18.7 - 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. i H.5(a) 1 Federal Funds transactions of Major Reserve City Banks for the Week Ended September 3, 1969 (In millions of dollars) 46 banks A. 38 banks outside New York 5 banks 33 other in Chicago banks 1 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 (-) 1 5,806 3,848 1,803 1,708 4,004 2,140 1,136 349 2,843 1,450 1,394 338 1,056 \ 2,963 353 2,610 798 1,812 1,005 258 747 11 736 1,958 95 1,863 787 1,077 | 2,868 1,791 Related transactions with U. S. Government securities dealers 1 1, Loans to dealers 2/ 647 582 65 2. Borrowings from dealers 3/ 382 139 243 — 3. Net loans 265 443 178 30 + 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. \ 30 35 \ 243 + 208 |
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