The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
I F E D E R A L R E S E R V E t s t a t i s t i c a l * * f*AL Rt^ r e l e a s e For immediate release February 27, 1970 • I H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended February 18, 1970 (In millions of dollars unless otherwise noted) i * 46 banks 8 banks in New York City 38 banks outside New York 33 other 5 banks in Chicago banks • Reserve excess or deficiency ( - ) 1/ j^.ess: Borrowings from Reserve Banks Less: Net interbank Federal funds ^ purchases or sales ( - ) 2/ 101 65 36 -10 47 479 218 261 101 160 3,728 565 3,163 1,097 2,067 -4,106 -718 -3,388 -1,208 2,180 33.4 14.1 47.0 102.5 36.2 Equals: Net basic reserve surplus or deficit (-): ^ a. Net amount b. As per cent of average required reserves 1 | 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. I Note: — Averages of daily figures. k f » H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended February 18, 1970 (In millions of dollars) 46 banks A. 5 banks 33 other in Chicago banks Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. b. c. 1/ 38 banks outside New York Interbank Federal funds transactions 1. B, 8 banks in New York City Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 7,332 3,604 1,934 1,369 5,398 2,235 1,367 271 4,031 1,964 2,713 1,200 1,513 271 1,242 4,619 734 3,885 1,096 2,789 892 169 723 3,727 565 3,162 1,096 2,066 23 31 723 Related transactions with U, S. Government securities dealers 1. Loans to dealers If 606 552 54 2. Borrowings from dealers 3/ 287 186 101 3. Net loans 319 366 447 101 23 _L 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 repur- ' chase), resale agreements, and borrowings secured by Gov't, or other issues. Note: — Averages of daily figures. +70
@FedFRASER