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r release For immediate release August 2, 1968 'H.5 v Reserve Positions of Major Reserve City Banks Reserve Period Ended July 24, 1968 / (In millions of dollars unless otherwise noted) 46 banks k Reserve excess or deficiency (-) 1/ Less: Borrowings from Reserve Banks ,Less: Net interbank Federal funds purchases or sales (-) 2/ 20 8 banks in New York City - 38 banks outside New Yorjc 9 29 271 11 1,763 -2,014 5 banks 33 other in Chicago banks - 3 31 260 166 94 704 1,059 360 699 -724 -1,290 -528 -762 "Equals: Net basic reserve surplus , or deficit (-): a. • b. Net amount As per cent of average required reserves 17.3 15.5 18.6 47.7 ,1/ Reserves held after all adjustments applicable to the reporting period less the sum of required reserves and carryover reserve deficiencies. '2/ For details see Federal Funds Transactions of Major Reserve City Banks. ,Note: — Averages of daily figures. r • t f r 13.0 H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended July 24, 1968 (In millions of dollars) ^ v 4 46 banks A. 8 banks in New York City 38 banks outside New York 5 banks 33 other in Chicago banks * Interbank Federal funds transactions V 1. a. b. Total 2-way transactions 1/ 3. Total net transactions b. c. 1/ Purchases Sales 2. a. B. 4 Gross transactions Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 3,491 1,728 1,277 573 2,214 1,155 553 192 1,661 962 * 1,483 566 917 165 752 , 2,008 711 1,297 388 909 j 245 7 238 28 1,763 704 1,059 360 2,354 1,912 441 23 129 89 40 2,225 1,823 401 210 699 < Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 418 40 » 23 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. 378 * x * ^ f 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. s* 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. 1 ^ Note: — Averages of daily figures. >
@FedFRASER