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FEDERAL RESERVE release For immediate r e l e a s e April 25, 1969 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended April 16, 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/ 8 banks in New York City 38 banks outside New York 33 other 5 banks in Chicago banks - 116 106 10 84 367 32 335 3,943 1,807 2,136 881 1,256 -4,524 -1,915 -2,609 -902 -1,707 38.6 42.0 36.4 81.3 28.2 - 130 24 451 - 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 April 16, 1969 (In millions of dollars) A. 38 banks outside New York 6,012 2,069 2,382 575 3,630 1,494 1,163 283 2,467 1,211 1,652 571 1,081 282 799 . 4,360 1,811 2,549 882 1,668 417 4 413 1 412 3,943 1,807 2,136 881 1,256 1,534 1,110 423 55 368 305 100 205 - - 205 1,228 1,010 218 55 163 Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. b. c. B. 5 banks 33 other in Chicago banks 8 banks in New York City 46 banks Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 1J 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.