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h Illll! statistical L K U C O C K V E release For immediate release April 26, 1968 ???:• / /H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended April 17, 1968 (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 31 2 33 4 29 453 46 407 247 160 2,095 1,211 884 325 559 -2,517 -1,259 -1,258 -568 -690 22.0 27.2 18.5 52.8 12.0 Equals: Net basic reserve surplus or deficit (-): a. .Net amount b. As per cent of average required reserves z1/ Reserves held after all adjustments applicable to the reporting period less the sum of required reserves and carryover reserve deficiencies. z For details see Federal Funds Transactions of Major Reserve City Banks. 2/ f^Note: — Averages of daily figures. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended April 17, 1968 (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. Total net transactions a. b. c. B. 8 banks in New York Citv Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 2,018 3,743 1,648 1,726 515 1,134 1,409 515 895 157 738 2,334 1,211 1,123 325 799 239 482 157 239 2,095 1,211 884 325 1,432 798 635 41 62 62 1,370 736 635 41 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 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.