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FEDERAL RESERVE statistical release For immediate release August 21, 1970 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended A u g u s t 12, 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 58 90 33 58 744 382 362 86 276 7,159 3,040 4,118 1,572 2,546 -7,812 -3,390 -4,422 -1,658 -2,764 62.7 67.3 59.6 135.5 44.6 — 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 1 H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended August 12, 1970 (In millions of dollars) 46 banks A, Interbank Federal transactions 1. 38 banks outside N e w York 5 banks 33 other jj banks in Chicago funds Gross 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 purchases or sales (-) B. 8 banks in N e w York City 1,882 600 6,213 2,094 310 4,330 1,785 2,448 601 1,848 310 1,538 7,405 3,040 4,365 1,572 2,793 9,853 2,695 3,641 247 247 247 7,158 3,040 4,118 1,572 2,546 1,753 1,123 631 113 518 210 189 21 1,543 934 610 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ , 2. Borrowings from dealers 3/ 3. Net loans 21 113 iy 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 leas 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. 2/ 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. 497 For immediate release A u g u s t 31, 1970 H. 5 Reserve Positions of Major Reserve City Banks Reserve Period Ended A u g u s t 12, 1970 (Corrected) (In millions of dollars unless otherwise noted) 46 banks 8 banks in New York City 38 banks outside New York 33 other 5 banks banks in Chicago Reserve excess or deficiency ( - ) 1/ 119 61 58 Less: 744 382 362 86 276 7,159 3,040 4,118 1,572 2,546 -7,783 -3,361 -4,422 -1,658 -2,764 62.5 66.8 59.6 135.5 44.6 Borrowings from Reserve Banks less: Net interbank Federal funds purchases or sales ( - ) 2/ 58 — Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves V 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