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FEDERAL pii statistical RESERVE release For immediate release February 20, 1969 Reserve Positions of Major Reserve City Banks Reserve Period Ended February 12, 1969 (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 13 - 19 32 8 24 340 91 249 71 179 2,095 514 1,580 522 1,059 -2,422 -624 -1,798 -585 -1,213 20.3 3.3 24.8 50.5 19.9 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 February 12, 1969 (In millions of dollars) 8 banks in New York City 38 banks outside New York 4,701 2,606 1,633 1,119 3,067 1,487 792 270 2,276 1,217 1,973 890 1,083 270 813 2,727 743 1,984 522 1,462 633 229 404 2,094 514 1,580 46 banks A. 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 mm •— 522 404 1,059 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 873 758 115 — 115 2. Borrowings from dealers 3/ 141 129 12 — 12 3. Net loans 732 629 102 — 102 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.
@FedFRASER