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t ,0?GOV FEDERAL RESERVE statistical release For immediate release July 10, 1970 Reserve Positions of Major Reserve City Banks Reserve Period Ended July 1, 1970 H.5 (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 5 banks 33 other in Chicago banks 57 52 352 93 260 - — 260 3,763 1,012 2,751 1,101 1,650 -4,173 -1,052 -3,120 -1,098 -2,023 34.8 22.4 42.9 94.8 33.1 - 110 3 - 113 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves 3J 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 H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended July 1, 1970 (In millions of dollars) 46 banks A. 38 banks outside New York 5 banks 33 other i in Chicago banks Interbank Federal funds transactions 1. 1 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. 8 banks in New York City i 7,308 3,545 2,339 1,327 4,969 2,218 1,509 409 3,460 1,810 2,801 1,218 1,583 409 1,174 4,508 1,121 3,387 1,101 2,286 745 109 636 3,763 1,012 2,751 1,101 1,650 69 114 636 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 757 573 183 2. Borrowings from dealers 3/ 173 100 72 3. Net loans 584 473 111 — 72 69 42 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. |
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