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FEDERAL

RESERVE

statistic
For immediate release
March 28, 1969
H. 5
Reserve Positions of Major Reserve City Banks
Reserve Period Ended March 19, 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

32

- 48

16

9

7

252

84

168

33

135

1,934

301

1,633

935

698

-2,218

-432

-1,786

-959

-827

18.9

9.4

25.0

86.0

13.7

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

Net amount

b.

As per cent of average required reserves

1/

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 19, 1969
(In millions of dollars)

46 banks
A.

38 banks outside New York

5 banks
in Chicago

Interbank Federal funds
transactions
1.

Gross transactions
a.
b.

Purchases
Sales

2.

Total 2-way transactions 1/

3.

Total net transactions
a.
b.
c.

B.

8 banks in
New York City

Net purchases of net
buying banks
Net sales of net
selling banks
Net purchases or sales

(-)

5,073
3,139

1,631
1,330

3,442
1,809

1,158
223

2,284
1,585

2,045

1,041

1,003

198

805

3,028

589

2,439

960

1,479

1,094

289

806

25

781

1,934

301

1,633

935

698

17

59

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

Loans to dealers 2/

617

541

76

2.

Borrowings from dealers 3/

267

134

133

3.

Net loans

350

407

+57

133
17

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.




+74