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r mill FEDERAL statistical RESERVE release * • f^AL Rt^ • For immediate release January 17, 1969 .5 Reserve Positions of Major Reserve City Banks Reserve Period Ended January 8, 1969 (In millions of dollars unless otherwise noted) 46 banks 8 banks in New York Citv 38 banks outside New York 5 banks 33 other In Chicago banks terve excess or deficiency (-) 1/ 114 65 49 21 28 ts: 186 -- 186 55 131 3,028 1,403 1,626 323 1,303 -3,101 -1,338 -1,762 -357 -1,406 Borrowings from Reserve Banks ess: Net interbank Federal funds purchases or sales (-) 2/ quals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves 25.2 27.3 23.8 31.0 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. Ihttp://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 22.4 H.5(a) January 17, 1969 Federal Funds transactions of Major Reserve City Banks for the Week Ended January 8, 1969 (In millions of dollars) 46 banks A. 38 banks outside New York 5 banks 33 other in Chicago banks I Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. be c. B. 8 banks in New York Citv Net purchases of net buying banks Net sales of net selling banks Net purchases or sales M 5,307 2,279 2,166 764 3,141 1,515 685 362 2,457 1,154 1,924 762 1,162 325 837 1 3,383 1,404 1,979 360 1,619 355 1 353 36 317 3,028 1,403 1,626 323 1,302 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3• Net loans 1 1,374 969 405 162 141 21 1,212 828 383 23 23 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 repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Averages of daily figures. 382 j 21 1/ Note: — j 361 1