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.••qfcow. FEDERAL RESERVE statistical release For immediate release May 8, 1970 H.5 , Reserve Positions of Major Reserve City Banks Reserve Period Ended April 29, 1970 (In millions of dollars unless otherwise noted) 46 banks Reserve 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 29 14 14 5 19 424 63 361 86 276 4,839 1,358 3,481 1,280 2,201 -5,235 -1,406 -3,828 -1,371 -2,458 43.0 28.6 52.7 117.7 40.2 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 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. including allowable I H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended April 29, 1970 (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. 7,814 2,975 2,321 963 5,493 2,012 1,598 317 3,896 1,695 2,634 879 1,755 317 1,438 5,180 1,441 3,738 1,280 2,458 340 84 257 4,839 1,358 3,481 1,280 2,201 1,154 662 493 108 385 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 (-) 257 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2 / , 2. Borrowings from dealers 3/ 213 145 68 3. Net loans 942 517 425 - - 108 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. 68 317
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