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For immediate release January 19, 1968 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended January 10, 1968 (In millions of dollars unless otherwise noted) 46 banks 8 banks in New York City 38 banks outside New York 5 banks 33 other in Chicago banks Reserve excess or deficiency (-) 1/ 21 7 14 Less: 75 55 20 1,672 831 840 5 835 -1,725 -880 -846 - 8 -838 15.2 18.9 12.6 .7 14.9 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ - 3 17 20 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 10, 1968 (In millions of dollars) 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 1 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3,340 1,668 1,381 550 1,958 1,118 338 332 1,621 < 786 „ 1,464 531 933 273 660 * 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) B. <• k 1,876 850 1,026 65 204 19 185 59 961 1 I 126 1 1,672 831 840 5 835 \ Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans n 2,096 1,403 104 104 1,992 1,299 693 61 i — 693 632 a 61 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. 632 > | 2/ Federal funds loaned, net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject to rettle) or other lending arrangements. 1 * . 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. 1 4 J Note: — Averages of daily figures. v
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