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FEDERAL

RESERVE

statistical

release

For immediate release
June 2, 1969
H.5

Reserve Positions of Major Reserve City Banks
Reserve Period Ended May 21, 1969
(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 City

38 banks outside New York

33 other
5 banks
in Chicago banks

7

1

8

4

3

542

164

378

161

217

3,283

1,660

1,623

819

804

-3,818

-1,825

-1,993

-976

-1,018

31.3

38.3

26.9

82.6

16.3

Equals: Net basic reserve surplus
or deficit (-):
a.

Net amount

b.

As per cent of average required reserves

iy
~

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 M a y 21, 1969
(In millions of dollars)

5 banks
in Chicago

46 banks
A.

38 banks outside New York

6,156
2,873

2,593
933

3,564
1,941

1,133
314

2,431
1,627

2,145

850

1,296

284

1,012

4,011

1,743

2,268

849

1,419

728

83

645

30

615

3,283

1,660

1,623

819

804

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

Related transactions with
U. S. Government securities
dealers
1.

Loans to dealers 2/

594

489

105

97

2.

Borrowings from dealers 3/

280

138

142

142

3.

Net loans

314

352

+ 38

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 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.




+

45