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FEDERAL statistical f«AL RESERVE release • H. 5 For immediate release December 6, 1968 Reserve Positions of Major Reserve City Banks Reserve Period Ended November 27, 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 8 24 154 9 145 312 1,620 217 1,402 -2,130 -372 -1,758 -235 -1,523 18.6 8.5 24.9 22.5 25.3 8 16 206 52 1,932 8 - - Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves 1/ Reserves held after all adjustments applicable to the reporting period including allowable c a r r y - o v e r and d e f i c i e n c i e s , 2/ less the sum of required r e s e r v e s . For details see Federal Funds Transactions of Major Reserve City Banks. Note: — Averages of daily figures. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended November 27, 1968 (In millions of dollars) 46 banks A. 38 banks outside New York 5 banks 33 other in Chicago banks ' Interbank Federal funds transactions 1 1. 4 V 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 Citv 4,384 2,452 1,493 1,181 2,891 1,272 585 367 2,307 904 * 2,007 939 1,068 363 705 , 2,377 554 1,823 222 445 241 204 4 1,932 312 1,620 217 1,602 200 . 1,402 } Related transactions with U* S. Government securities dealers 1. Loans to dealers 2/ 2. 3. 1,000 608 392 41 Borrowings from dealers 3/ 160 121 39 0 Net loans 840 487 353 41 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. 352 , 39 312 v V
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