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F E D E R A L s t a t i s t i c a l R E S E R V E r e l e a s e For immediate release F e b r u a r y 6, 1970 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended January 28, 1970 (In millions of dollars unless otherwise noted) 46 banks Peserve 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 27 10 44 7 37 286 86 200 3,182 - 3 3,185 967 2,218 -3,424 -76 -3,348 -958 -2,391 27.8 1.5 45.5 82.1 38.6 200 - - 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. i f H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended January 28, 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. 6,652 3,470 1,658 1,661 4,994 1,809 1,305 338 3,689 1,471 2,710 1,159 1,552 338 1,214 3,942 499 3,443 967 2,476 759 502 258 3,182 -3 3,185 967 2,218 34 104 Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) B. 8 banks in New York City 258 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 748 611 138 2. Borrowings from dealers 3/ 184 125 59 3. Net loans 564 486 78 59 34 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. 2/ 45 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. i
@FedFRASER