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FEDERAL RESERVE For immediate release February 7, 1969 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended January 29, 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/ 27 260 8 banks in New York City 46 — 38 banks outside New York 33 other 5 banks in Chicago banks 19 1 19 260 9 251 955 -129 1,083 101 982 -1,188 175 -1,363 -111 -1,252 10.0 3.8 18.7 9.8 20.4 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves 1J 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. 4 H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended January 29, 1969 (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 Citv Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 3,907 2,952 1,353 1,481 2,554 1,471 539 439 2,015 1,032 2,006 930 1,075 422 653 1,901 423 1,479 117 1,361 946 551 395 16 379 128 1,084 101 983 1,356 933 423 31 392 104 94 10 1,252 839 414 955 - Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans , 10 31 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 redale) 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. 383 * j •
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