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For immediate release January 24, 1969 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended January 15, 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 1 1 237 28 209 1,410 1,807 584 1,223 -3,593 -1,550 -2,043 -612 -1,431 28.2 30.0 26.9 49.7 22.5 4 4 1 372 136 3,217 - 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 I H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended January 15, 1969 (In millions of dollars) 46 banks A. 38 banks outslde New York 5 banks in Chicago Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. b. c. I B. 8 banks in New York City Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 5,568 2,351 2,333 923 3,235 1,428 811 227 1,854 819 1,035 227 808 3,714 1,514 2,200 584 1,617 497 104 393 3,217 1,410 1,807 584 1,223 1,038 847 191 10 180 393 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 134 115 19 3. Net loans 904 732 172 19 10 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. 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. 161
@FedFRASER