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FEDERAL [fill! RESERVE statistical release For immediate release July 6, 1970 H. 5 Reserve Positions of Major Reserve City Banks Reserve Period Ended June 24, 1970 (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 15 Reserve excess or deficiency (-) 1/ 142 88 54 Less: 410 97 313 4,907 1,508 3,399 1,291 2,108 -5,176 -1,518 -3,658 -1,276 -2,382 44.5 33.0 52.1 116.7 40.2 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 39 313 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 June 24, 1970 (In millions of dollars) 46 banks A. 38 banks outside New York 5 banks 33 other in Chicago banks Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. b. c. B. 8 banks in New York City Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 7,822 2,915 2,540 1,032 5,282 1,884 1,649 358 3,633 1,526 2,407 960 1,447 358 1,090 5,415 1,580 3,835 1,291 2,544 508 72 436 4,907 1,508 3,399 1,291 2,108 436 Related transactions with U. S. Government securities dealers 1• Loans to dealers 2/ 837 562 275 86 190 2. Borrowings from dealers 3/ 341 117 224 — 224 3. Net loans 496 445 52 86 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. + 34
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