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Reserve Positions of Major Reserve City Banks Reserve Period Ended August 5, 1970 (In millions of dollars unless otherwise noted) 46 banks Deserve excess or deficiency (-) V Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 8 banks in 138 banks outNew York City side New York 33 other 5 banks in Chicago . banks 60 - 29 89 11 78 476 114 362 100 262 : 5,304 1,788 3,516 1,088 2,428 : - 5,720 - 1,931 - 3,789 - 1,177 . 2,612 47.3 40.1 52.1 100.6 42.8 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. jciiar&l Funds transactions of Major Reserve City Banks for the Week Ended August 5, 1970 (In millions of dollars) 46 banks j 8 banks in New York City 38 banks outside New York 5 banks i33 other in Chicago banks ik Federal funds ransactions ross 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 Durchases or sales (-) 7,926 2,622 2,742 954 5,183 1,668 1,416 328 3,768 1,340 2,601 934 1,665 328 1,337 5,325 1,806 3,519 1,088 2,431 21 18 3 5,304 1,788 3,516 1,088 2,428 1,963 1,089 874 118 755 176 152 24 1,786 937 849 — 3 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans - - 118 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; fcna'c 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. 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. 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. :e: — Averages of daily figures. 24 731
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