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FEDERAL RESERVE s t a t i s t i c a l r e l e a s e •f*4L For immediate release September 18, 1970 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended September 9, 1970 (In millions of dollars unless otherwise noted) 46 banks R e s e r v e excess or d e f i c i e n c y Less : (*•) !/ Borrowings from Reserve Banks Net interbank Federal funds Less : ( purchases or sales ( - ) 2/ 8 banks in New York City 38 banks outside New York 33 other 5 banks in Chicago banks 207 97 110 16 94 303 160 143 29 115 6,492 2,197 4,296 1,681 2,615 -6,588 -2,260 -4,329 -1,694 -2,635 53.0 45.6 57.8 144.6 41.7 Equals: Net b a s i c r e s e r v e surplus or deficit (-): \ a - b. Net amount As per cent of average required reserves 1 1/ •2/ Reserves held after all a d j u s t m e n t s applicable to the reporting period carry-over and d e f i c i e n c i e s , less the sum of required r e s e r v e s . For details see Federal Funds Transactions of Major Reserve City Banks, Note: — A v e r a g e s of d a i l y figures. t i t including allowable H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended September 9, 1970 (In millions of dollars) A. 38 banks outside New York 8,814 2,322 2,778 582 6,036 1,740 2,009 328 4,027 1,413 2,195 582 1,614 328 • 1,286 6,619 2,197 4,422 1,681 2,742 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. 5 banks 33 other banks In Chicago 8 banks in New York City 46 banks Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 127 mm mm • 127 - - 127 6,492 2,197 4,296 1,681 2,615 2,148 1,044 1,104 126 979 122 102 2,026 942 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3J 3. Net loans 20 : 1,085 - - 126 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. 20 959
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