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•s&gggjgfe. F E D E R A L R statistical E S E R V E r e l e a s e For immediate release September 19, 1969 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended September 10, 1969 (In millions of dollars unless otherwise noted) 46 banks 8 banks in New York City 38 banks outside New York 5 banks 33 other in Chicago banks Reserve excess or deficiency (-) 1J 241 158 83 21 62 Less: 104 64 39 - - 39 3,770 1,305 2,465 991 1,474 - 3,632 - 1,211 - 2,421 - 970 - 1,452 31.8 26.9 34.9 90.4 24.7 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 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) I Federal Funds transactions of Major Reserve City Banks for the Week Ended September 10, 1969 (In millions of dollars) 46 banks A. 38 banks outside New York 5 banks in Chicago Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. 6,820 3,050 2,203 898 4,617 2,152 1,310 319 3,307 1,833 2,356 897 1,458 319 1,139 4,464 1,306 3,158 991 2,168 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 (-) 694 694 694 3,770 1,306 2,465 991 1,474 1,447 1,161 286 38 248 332 107 225 1,115 1,054 61 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 225 38 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. 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. 23
@FedFRASER