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FEDERAL RESERVE statistical release For immediate release March 13, 1970 Reserve Positions of Major Reserve City Banks Reserve Period Ended March 4, 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 City 38 banks outside New York 5 banks 33 other in Chicago banks 114 52 62 79 32 46. 4,008 609 3,399 1,124 2,276 -3,972 -589 -3,383 -1,135 -2,249 33.4 12.2 47.8 100.5 -11 73 46 — Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves 37.8 : 1J 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 March 4, 1970 (In millions of dollars) 46 banks A. 38 banks outside New York 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• 7,204 3,196 1,913 1,305 5,290 1,891 1,458 335 ' 3,832 1,557 2,811 1,194 1,617 335 1,283 4,393 720 3,673 1,124 2,550 384 111 273 4,009 609 3,400 1,124 2,276 1,188 858 330 60 269 Total net transactions a. be c. B. 8 banks in New York Citv Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) — 273 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 329 123 205 3. Net loans 859 735 124 205 60 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. 64
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