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FEDERAL RESERVE statistical release For immediate release February 13, 1970 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended February 4, 1970 (In millions of dollars unless otherwise noted) 46 banks Peserve excess or deficiency (-) V Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 8 banks in New York Citv 38 banks outside New York 5 banks 33 other in Chicago banks 66 24 42 6 49 463 75 388 93 295 2,718 -460 3,178 807 2,371 -3,115 409 •3,524 -906 -2,618 25.3 8.2 48.2 77.1 42.6 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 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 February 4, 1970 (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. B. 8 banks in New York City Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 6,530 3,812 1,537 1,997 4,994 1,816 1,108 301 2,856 1,343 1,513 301 1,213 3,674 194 3,480 807 2,673 957 654 303 2,718 -460 3,178 807 2,371 43 38 303 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 595 515 80 2. Borrowings from#dealers 3/ 224 156 67 3. Net loans 372 358 13 67 43 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 re stale) 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. +30
@FedFRASER