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FEDERAL RESERVE statistical release For immediate release June 6, 1969 Reserve Positions of Major Reserve City Banks Reserve Period Ended May 28, 1969 (In millions of dollars unless otherwise noted) 46 banks Peserve excess or deficiency (-) W 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 9 3 12 2 9 337 59 278 10 268 2,528 705 1,824 1,077 747 767 -2,090 -1,084 -1,006 16.5 28.2 91.5 16.2 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves 1/ 23.7 - Reserves held after all adjustments applicable to the reporting period including allowable carry-over and deficiencies, 2/ -2,857 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 May 28, 1969 (In millions of dollars) 8 banks in New York City 38 banks outside New York 5,641 3,113 1,939 1,235 3,702 1,878 1,334 257 2,368 1,621 2,051 925 1,126 253 872 3,590 1,014 2,576 1,081 1,495 1,062 309 753 4 748 2,528 705 1,824 1,077 747 14 59 46 banks 5 banks 33 other in Chicago banks 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 (-) Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 481 409 73 2. Borrowings from dealers 3/ 214 91 123 3. Net loans 267 317 + 50 14 y 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. 123 — — + 64
@FedFRASER