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I FEDERAL statistical RESERVE release For immediate release September 5, 1969 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended August 27, 1969 (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 2 - 6 23 27 - 5 249 53 196 1,553 -292 1,845 604 1,240 -1,779 +266 -2,045 -610 1,435 15.6 6.0 29.4 57.7 24.3 - - 196 Equals: Net basic reserve surplus or deficit (-): a. Net amount be 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.5Ca) \ Federal Funds transactions of Major Reserve City Banks for the Week Ended August 27, 1969 (In millions of dollars) 46 banks A. 38 banks outside New York 5 banks 33 other in Chicago banks 1 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 I 1 5,147 3,594 1,397 1,688 3,750 1,906 928 324 2,822 1,582 2,389 1,073 1,316 324 992 2,758 324 2,434 604 1,830 1 1,205 615 589 1,553 - 292 1,845 589 604 1,241 1 Related transactions with U. S. Government securities dealers 4 1. Loans to dealers 2,/ 606 522 83 2. Borrowings from dealers 3/ 351 164 187. 3. Net loans 255 358 104 31 187 31 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 re stale) or other lending arrangements, 2/ 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: — 52 1 +135 Averages of daily figures. 1
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