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FEDERAL :o IKZSBE&hi', RESERVE statistical k release For immediate release June 15, 1970 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended June 3, 1970 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) V 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 5 100 145 51 94 618 269 349 4,188 947 3,241 1,248 1,993 -4,661 -1,165 -3,496 -1,253 -2,243 39.4 24.9 48.9 108.9 37.4 — 349 Equals: Net basic reserve surplus or deficit (-): | ^ V 2/ a. Net amount b. As per cent of average required reserves Reserves held after all adjustments applicable to the reporting period including allowable carry-over and deficiencies, less the sum of required reserves. 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 3, 1970 (In millions of dollars) A. 8 banks in New York City 38 banks outside New York 7,404 3,216 2,174 1,227 5,230 1,989 1,543 295 3,687 1,694 2,716 997 1,720 295 1,425 4,688 1,177 . 3,510 1,248 2,262 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 269 499 231 269 4,188 947 3,242 1,248 1,993 65 249 - - Related transactions with U. S. Government securities dealers 1. Loans to dealers 2J 877 563 314 2. Borrowings from dealers 3/ 367 143 225 3. Net loans 510 421 90 225 65 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. 24
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