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.•L^SS^ia FEDERAL RESERVE s t a t i s t i c a l r e l e a s e For immediate release December 12, 1969 H, 5 ^ Reserve Positions of Major Reserve City Banks Reserve Period Ended December 3, 1969 . (In millions of dollars unless otherwise noted) 46 banks I Reserve excess or deficiency (-) V r 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 4 6 16 13 3 573 266 307 - " 307 3,515 1,065 2,450 999 1,451 -4,072 -1,318 -2,754 993 -1,761 34.0 27.3 38.5 88.8 29.2 i Equals: Net basic reserve surplus or deficit (-) : i ^ \ 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 \ t f - i H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended December 3, 1969 (In millions of dollars) A. 38 banks outside New York 6,505 2,990 2,065 1,000 4,440 1,990 1,317 318 3,123 1,672 2,714 941 1,772 318 1,455 3,791 1,124 2,668 1,000 1,668 276 59 217 3,515 1,065 2,450 1,000 1,451 1,190 921 269 60 209 152 98 54 1,038 822 216 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. 5 banks 33 other in Chicago banks 8 banks in New York City 46 banks 217 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 54 60 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 redale) 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. 156
@FedFRASER