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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

|