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FEDERAL RESERVE statistical release For immediate release June 19, 1970 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended June 10, 1970 (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 Citv 38 banks outside New York 5 banks 33 other ini f h cApn bank;. !i 1 i vjuiu a^u 24 12 12 433 195 238 5,407 1,770 3,637 1,465 2,172 -5,815 -1,953 -3,862 -1,447 -2,416 49.0 41.3 54.2 125.8 40.4 18 — — 6 238 Equals: Net basic reserve surplus or deficit (-): a. b. 2/ Net amount As per cent of average required reserves 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 June 10, 1970 (In millions of dollars) 1 46 banks A. 38 banks outside New York 5 banks 33 other in Chicago banks Interbank Federal funds transactions 1. 1 Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. 8,551 3,144 2,818 1,048 5,733 2,096 1,813 349 3,920 1,748 2,780 1,029 1,751 349 1,402 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 1 \ 5,771 1,789 3,982 365 19 1,770 3,637 2,518 345 5,406 1,464 345 1,464 ' 2,172 Related transactions with U. S. Government securities dealers 1 1. Loans to dealers 2/ 714 486 227 2. Borrowings from dealers 3/ 313 105 208 3. Net loans 401 381 20 113 U 5 1 208 113 1J Federal funds loaned, net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject to re stale) or other lending arrangements. 3/ 93 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. 2J + 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. 1