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FEDERAL RESERVE statistical release For immediate release August 29, 1969 Reserve Positions of Major Reserve City Banks Reserve Period Ended August 20, 1969 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) V 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 23 -11 35 403 136 •267 2,078 -152 2,230 608 1,622 -2,457 +5 -2,462 -593 -1,869 20.8 .1 34.6 53.5 31.2 15 20 267 — 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. t k f k f H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended August 20, 1969 (In millions of dollars) 46 banks A. 38 banks outside New York 5 banks 33 other in Chicago banks Interbank Federal funds transactions 1. 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 New York City 5,592 3,514 1,571 1,723 4,021 1,791 967 359 3,054 1,432 2,604 1,277 1,327 353 975 2,988 294 2,694 614 2,079 910 446 464 7 457 2,078 -152 2,230 608 1,622 i Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 653 505 147 39 109 d 2. Borrowings from dealers 3/ 343 170 173 — 173 3. Net loans 309 335 +26 39 +64 1/ 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.