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FEDERAL statistical RESERVE release * « f^AL R£^ * i For immediate release M a y 16, 1969 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended M a y 7, 1969 (In millions of dollars unless otherwise noted) 46 banks 8 banks in New York City 38 banks outside New York 33 other 5 banks in Chicago banks Feserve excess or deficiency (-) 17 186 82 104 7 98 Less: 609 146 462 321 141 2,504 695 1,810 453 1,357 -2,927 -760 -2,168 -767 -1,401 Borrowings from Reserve Banks Less: Net interbank Federal funds f purchases or sales ( - ) £/ Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves 24.4 16.4 29.5 67.3 r 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. I I for FRASER tDigitized http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 22.5 H.5(a) I Federal Funds transactions of Major Reserve City Banks for the Week Ended May 7, 1969 (In millions of dollars) 46 banks 8 banks in New York City 38 banks outside New York j 5 banks 33 other in Chicago banks i A. Interbank Federal funds transactions 1. a. b. Total 2-way transactions 1/ 3. Total net transactions b. c. 1/ 2/ 3/ Purchases Sales 2. a. B. i Gross transactions Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 2,613 1,256 5,206 2,702 1,872 1,177 3,335 1,525 721 269 2,233 1,094 1,139 269 2,974 778 2,196 452 470 83 387 2,504 695 1,809 452 1,357 811 170 29 141 - - 870 | 1,743 387 Related transactions with U. S. Government securities dealers \ 1. Loans to dealers 2/ 981 2. Borrowings from dealers 3/ 207 74 133 3. Net loans 774 737 36 133 29 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. 8 1 | 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. I " 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. I