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FEDERAL hi RESERVE statistical release For immediate release January 5, 1970 -H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended December 24, 1969 (In millions of dollars unless otherwise noted) 46 banks 8 banks in New York City 38 banks outside New York 33 other 5 banks in Chicago banks 59 Reserve excess or deficiency ( - ) 107 45 61 Less: 652 296 356 4,551 974 3,577 1,127 2,451 -5,097 -1,224 -3,873 -1,125 -2,748 42.5 25.7 53.5 99.5 45.0 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales ( - ) 2/ 2 356 - - 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. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended December 24, 1969 (In millions of dollars) A. 8 banks in New York City 38 banks outside New York 7,144 2,593 2,071 1,098 5,073 1,495 1,400 274 3,673 1,222 2,571 1,082 1,488 274 1,215 4,573 989 3,584 1,127 2,458 23 15 7 4,551 974 3,577 1,127 2,451 45 84 — 25 45 60 Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) B. 5 banks 33 other in Chicago banks 46 banks 7 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 945 816 129 2. Borrowings from dealers 3/ 162 137 25 3. Net loans 783 679 104 V 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.
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