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FEDERAL

V'Qj^ov^

statistical

RESERVE

release

For immediate release
May 2, 1969
(i H.;

Reserve Positions of Major Reserve City Banks
Reserve Period Ended April 23, 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

•

Reserve excess or deficiency (-) 1_/
Less:

Borrowings from Reserve Banks

Less: Net interbank Federal funds
purchases or sales (-) 2/

31

17

13

4

10

630

201

429

28

400

3,637

1,435

2,201

877

1,324

-4,236

-1,619

-2,617

-902

-1,715

35.5

34.2

36.3

82.5

28.0

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

Net amount

b.

As per cent of average required reserves

I
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.

J|

Note: —

Averages of daily figures.

i




'

H.5(a)

Federal Funds transactions of Major Reserve City Banks
for the Week Ended April 23, 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.

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

(-)
B.

8 banks in
New York City

5,632
1,995

2,202

3,430
1,229

1,168
291

2,262

767

1,646

767

880

281

599

3,986

1,436

2,550

887

350

10

350
3,636

1,436

2,201

877

1,086

838

249

23

938

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

Loans to dealers 2/

2.

Borrowings from dealers 2/

182

58

125

3.

Net loans

904

780

124

125
23

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 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.




226

101

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