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FEDERAL RESERVE For immediate release April 11, 1969 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended April 2, 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/ 90 489 8 banks in New York City 56 -- 38 banks outside New York 33 other 5 banks in Chicago banks 34 6 28 489 290 200 1,293 -159 1,452 752 700 -1,693 215 -1,908 -1,036 -871 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves 14.7 4.7 27.3 96.6 14.7 ll 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 April 2, 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. w4 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 Citv Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 2,266 1,566 4,625 3,332 1,332 1,491 3,293 1,841 1,027 275 2,032 964 1,068 260 2,593 368 2,225 767 1,459 1,300 527 773 14 759 159 1,452 752 700 | 21 52 1,294 - 808 1 1 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 654 581 73 2. Borrowings from dealers 3/ 309 142 167 3. Net loans 345 440 + 95 20 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. 167 - - + 115 1 |