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L.5.6 May 8, 1970 M CONFIDENTIAL (F.R.) ~~ * Y 13 e$ear ^ 1370 lib,rorible I Transactions of Major Reserve City Banks with U. S. Government Securities Dealers for the Week Ended April 29, 1970 (In millions of dollars) 46 banks 1. Collateral loans (balances outstanding) a. 503 493 108 385 91 91 XX XX XX 27 28 27 28 XX XX XX XX XX XX 39 39 XX XX XX 32 32 XX XX XX Borrowings from dealers and reverse repurchase agreements (balances outstanding) ( - ) 154 87 68 — 68 Net loans 942 517 425 Unsecured one-day Federal funds transactions a. b. 3. b. 1/ Gross purchases from dealers ( - ) Gross sales to dealers Clearing bank balances a. 4. Made originally in Federal funds Made originally in Clearing House funds 1/ 996 b. 2. 8 banks in 38 banks 33 other 5 banks New York outside in Chicago banks City New York Net Federal funds supplied to dealers Net Federal funds acquired from dealers ( - ) 108 These data are included in terms of the day on which reserve balances are affected, i.e., the business day after the loans are made. Note:--Averages of daily figures. 317 Table II Footnotes Each d a y 1 s offsetting purchases or sales by the same bank. 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. Includes Federal funds loaned, the net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject to resale) or other lending arrangements. Includes Federal funds borrowed, the 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 Government or other issues. Based upon reserve balances including all adjustments applicable to the reporting period. Carryover reserve deficiencies, if any, are deducted. This figure is shown in parentheses on Thursdays. 1.5.6(A) r T N F I D f N T IAL TABLE IF.R.) DAILY FEDERAL F U N D S T R A N S A C T I O N S CF M A J O R R E S E R V E C I T Y WEEK ENDED A P R I L 29, 1970 M I L L I O N S OF D O L L A R S U N L E S S O T H E R W I S E N C T E D ) (IK FEDERAL FUNDS GROSS INTERBANK TRANSACTIONS EFFECTIVE RATE REPORTING BANKS AND DATE 46 BANKS A P R . 23 24 27 PURCHASES SALES 7, 9 4 1 8 ,487 7,15 3 7,224 6,918 2,228 8 1/2 8 1/2 8 3/8 8 28 1/4 8 3/8 29 NET 2,002 28 29 5 B A N K S IN CHICAGO A P R . 23 24 27 28 29 ALL CTHER B A N K S APR. 23 24 27 28 29 FOR FOOTNOTES SEE INTERBANK PURCHASES CF N E T BUYING BANKS 1,975 2,915 5,965 5,572 5,293 5,175 4,320 1/ 3,178 2,395 3,291 3,375 TRANSACTIONS TOTAL 2 —WAY TRANSACTIONS 1,860 2,050 2,598 8 B A N K S IN NEW Y O R K C I T Y A P R . 23 38 BANKS OUTSIDE NEW YORK A P R . 23 24 27 1,098 1,473 1,374 1 ,577 2,113 1 ,239 1,313 1,225 3,990 3,735 3,912 3,874 3,781 ,566 ,848 r 151 ,006 1,675 2,204 1,702 2, 1 9 3 1,902 XX XX XX XX XX 1,667 1,535 1,774 1,594 1,543 329 332 263 328 3 03 329 332 263 328 303 1 ,338 1,203 1,510 1,265 1,240 XX XX XX XX XX 3, 8 9 9 4,313 3,378 3,592 3,463 1,346 1,871 1,438 1, 8 6 4 ,599 1,248 1,781 975 984 921 2,652 2,532 2,402 2,608 2,542 r 1 86 OF L.5.6 TRANSACTIONS SALES OF NET SELLING BANKS 2 53 26 3 535 1,241 777 BANKS RELATED TRANSACTIONS W I T H U . S. G O V E R N M E N T SECUR ITIFS D E A L E R S NET P U R CHASES OR SALES(-) LOANS TO DEALERS 5,713 5, 3 0 9 4,758 3,934 3,543 1,371 1,045 1, 4 6 0 1,085 1,032 2/ BORROWINGS FROM DEAL E R S 3/ 133 166 226 327 305 NET LOANS 1,239 879 1,234 758 727 1,822 1 ,976 1,837 1 ,380 1 , 3 01 XX XX XX XX XX REVERSE II 1,66 5 1, 3 0 8 99 90 463 880 678 99 90 463 880 678 RESERVE E XCESS OR D E F I CIENCY (4/ -285 928 1052 -835 -654 (243) 91 (2101 BORROWINGS FROM RE S E R V E BANKS 242 62 8 241 223 382 494 3,891 3,644 3,449 2,993 3,10 3 689 516 529 348 334 1,338 1,203 1,510 1,265 1,240 99 100 10 5 119 132 2, 5 5 3 2,442 1, 9 3 9 1,728 1,864 591 416 424 230 202 56 68 47 84 84 56 68 47 84 84 634 448 481 265 251 -376 451 499 -597 187 (33) 99 -65 14 (19) 100 105 119 132 -30 -24 535 348 376 146 118 167 528 241 223 317 200 22 311 437 -521 -566 211 (14) 167 328 241 223 317
@FedFRASER