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FEDERAL statistical RESERVE release For immediate release November 28, 1969 Reserve Positions of Major Reserve City Banks Reserve Period Ended November 19, 1969 (In millions of dollars unless otherwise noted) - 46 banks Reserve excess or deficiency (-) _!/ Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 94 8 banks in New York City 94 38 banks outside New York — 390 390 33 "tii , 5 banks in Chicago bank;. 11 11 390 — 4,151 1,396 2,756 1,236 1,519 -4,448 -1,302 -3,146 -1,225 -1,921 36.0 25.6 43.3 104.3 31. 5 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) Federal Funds transactions of Major Reserve City Banks for the Week Ended November 19, 1969 (In millions of dollars) A. 8 banks in New York City 38 banks outside New York 7,343 3,192 2,519 1,124 4,824 2,068 1,602 366 3,222 1,703 2,600 992 1,608 366 1,242 4,743 1,527 3,216 1,236 1,980 592 132 460 4,151 1,396 2,756 1,236 1,519 39 129 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. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) B. 46 banks — — 460 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 828 660 168 2. Borrowings from dealers 3/ 186 132 54 3. Net loans 642 528 114 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 re stale) 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. - - 54 39 75
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