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FEDERAL statistical RESERVE release For immediate release February 2, 1968 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended January 24, 1968 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) 1/ 36 Less: 77 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 8 banks in New York City 15 38 banks outside New York 22 33 other 5 banks in Chicago banks 5 17 77 77 406 -126 532 -3 534 -447 140 -587 8 -595 3.9 3.0 8.6 .7 10.4 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 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. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended January 24, 1968 (In millions of dollars) A. 5 banks 33 other in Chicago banks 46 banks 8 banks in New York Citv 38 banks outside New York 2,681 2,276 883 1,009 1,798 1,267 303 306 1,495 961 1,568 809 759 268 491 1,114 74 1,040 35 1,004 708 200 508 38 470 406 -126 532 -3 534 1,762 1,037 724 38 687 69 63 6 1,693 974 719 Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-wav transactions 1/ 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) B. Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 1/ ~ Derived rrom averages tor inaiviauu sumo «»»' 6 38 *• *8"** 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 resale) 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. 681
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