View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL

RESERVE

statistical

release

For immediate release
December 19, 1969
H.5
Reserve Positions of Major Reserve City Banks
Reserve Period Ended December 10, 1969
(In millions of dollars unless otherwise noted)

46 banks

8 banks in
New York City

38 banks outside New York

5 banks
33 other
in Chicago banks

Reserve excess or deficiency (-) 1/

133

105

28

1

27

Less:

557

293

264

--

264

4,501

1,528

2,973

1,358

1,615

-4,924

-1,716

-3,209

-1,357

-1,852

40.8

35.1

44.7

118.3

30.7

Borrowings from Reserve Banks

Less: Net interbank Federal funds
purchases or sales (-) 2/
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 December 10, 1969
(In millions of dollars)

46 banks
A.

38 banks outside New York

5 banks 33 other
in Chicago banks
l

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.

8 banks in
New York City

Net purchases of net
buying banks
Net sales of net
selling banks
Net purchases or sales
(-)

7,116
2,615

2,231
703

4,885
1,912

1,593
235

3,292
1,678

2,297

703

1,594

235

1,359

4,819

1,528

3,291

1,358

1,933

318
4,501

— —

1,528

318
2,973

318

—

1,358

1,615

Related transactions with
U. S. Government securities
dealers

1

1.

Loans to dealers !_!

831

650

181

67

114

2.

Borrowings from dealers 3/

165

87

78

1

78

3.

Net loans

666

563

103

66

37

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.