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FEDERAL statistical RESERVE release For immediate release October 10, 1969 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended October 1, 1969 (In millions of dollars unless otherwise noted) 46 banks 8 banks in New York City 38 banks outside New York 5 banks in Chicago Reserve excess or deficiency ( - ) 1 / _ 160 85 75 1 Less: 626 95 531 158 2,044 728 1,316 702 -2,510 -738 -1,772 -859 21.6 16.0 25.2 77.7 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales ( - ) 2/ 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. I H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended October 1, 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. 5,347 3,303 1,760 1,031 3,588 2,272 1,000 2,338 1,021 1,316 283 3,010 738 2,271 716 966 10 956 14 2,044 728 1,316 702 614 29 148 297 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 (-) 1,033 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 797 620 177 2. Borrowings from dealers 3/ 143 121 22 3. Net loans 654 499 155 22 I 29 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. 126
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