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FEDERAL statistical RESERVE release For immediate release J u l y 8, 1969 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended June 25, 1969 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency ( - ) _L/ 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 in Chicago 25 73 30 44 559 97 461 2,790 775 2,014 684 -3,275 -843 -2,432 -659 28.9 19.6 34.6 62.3 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) i Federal Funds transactions of Major Reserve City Banks for the Week Ended June 25, 1969 (In millions of dollars) 46 banks A. 38 banks outside New York 5 banks 33 other in Chicago banks j 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. 8 banks in New York City • 5,646 2,856 1,997 1,222 3,649 1,634 1,103 419 2,546 1,216 2,409 1,159 1,250 399 851 J 1 3,237 839 2,399 703 1,695 ) 448 63 384 19 365 2,789 775 2,014 684 1,330 1,076 877 200 34 166 206 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 332 126 3. Net loans 744 750 + 6 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 redale) 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. ( ( 206 34 + 40 i J j
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