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F E D E R A L IE statistical R E S E R V E release For immediate release April 12, 1968 < / H.5 'f Reserve Positions of Major Reserve City Banks Reserve Period Ended April 3, 1968 4 4 (In millions of dollars unless otherwise noted) * I* 4 m 46 banks ^Reserve excess or deficiency (-) 1/ 4 *Less: Borrowings from Reserve Banks 278 *Less: Net interbank Federal funds * purchases or sales (-) 2/ 792 -1,040 s 30 8 banks in New York City 38 banks outside New York 18 12 5 banks 33 other in Chicago banks • • 12 278 123 155 436 356 162 193 -418 -622 -286 -336 - - ^Equals: Net basic reserve surplus ^ or deficit (-): |\ a. Net amount ® b. As per cent of average required reserves 1 k 1/ i y 9.2 9.1 9.3 27.6 Reserves held after all adjustments applicable to the reporting period less the sum of required reserves and carryover reserve deficiencies. For details see Federal Funds Transactions of Major Reserve City Banks. bote: — Averages of daily figures. 5.9 H.5(a) Federal Funds transactions of Major Reserve City Banks tor the Week Ended April 3, 1968 (In millions of dollars) 46 banks A. 38 banks out8 banks in New York City side New York 5 banks in Chicago Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 2,553 1,761 950 514 1,603 1,247 376 213 1,199 466 734 213 1,353 484 869 162 562 48 514 792 436 356 1,075 843 232 85 85 990 758 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 162 B. Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 232 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 redele) 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.