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FEDERAL

RESERVE

statistical

release

For immediate release
May 22, 1970
H.5

Reserve Positions of Major Reserve City Banks
Reserve Period Ended May 13, 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

33 other
5 banks
in Chicago banks

7

31

2

29

150

255

14

240

5,585

1,858

3,727

1,497

2,230

-5,966

-2,015

-3,951

1,509

-2,441

49.4

41.0

55.1

128.5

40.7

24
405

.

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
May 13, 1970
(In millions of dollars)

46 banks
A.

38 banks outside New York

5 banks 33 other f
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.

B.

8 banks in
New York City

Net purchases of net
buying banks
Net sales of net
selling banks
Net purchases or sales
(-)

8,643
3,058

2,727
869

5,915
2,188

1,779
282

4,136 f
1,906

2,334

868

1,466

282

1,184 if

6,309

1,859

4,450

1,497

2,953 j

724

1

723

1,858

3,727

5,585

723 1

I

1,497

2,230j
f
j
I

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

Loans to dealers 2/

878

556

322

47

275

2.

Borrowings from dealers 3/

317

218

100

—

100

3.

Net loans

561

338

222

47

175 j

1/
"

Derived rrom averages tot luuiviuuai
*
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.




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