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FEDERAL O? GOV^ RESERVE release For immediate release July 12, 1968 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended July 3, 1968 (In millions of dollars unless otherwise noted) 46 banks 38 banks out^ side New York 5 banks 33 other in Chicago . banks Reserve excess or deficiency (-) 1/ 107 67 41 5 36 Less: 141 26 115 37 78 1,118 173 945 288 657 -1,152 -132 -1,020 -320 -699 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ Equals: Net basic reserve surplus or deficit (-): Net amount b. As per cent of average required reserves »—1 a. o b W 8 banks in New York Citv 2.8 14.9 29.9 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. / 12.1 1 Federal Funds transactions of Major Reserve City Banks for the Week Ended July 3, 1968 (In millions of dollars) 46 banks A. 38 banks outside New York 5 banks 33 othef in Chicago, banks ^ < Interbank Federal funds transactions 1. V # 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 City Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 1,721 ' 1,064 v 3,420 2,301 1,152 979 2,268 1,323 547 259 1,773 744 1,029 250 779 1 1,647 408 1,239 296 943 „ 529 235 294 8 285 " 1,118 173 945 288 657 , 1,101 762 339 > Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 317 146 171 3. Net loans 783 615 168 339 N - - 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 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. 171 « 168 ' k V Note: -- Averages of daily figures. 1 4
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