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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