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For immediate release July 26, 1968 •H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended July 17, 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 44 22 22 3 19 121 25 96 31 64 2,077 697 1,380 290 1,090 -2,154 -700 -1,454 -319 -1,135 18.8 15.3 21.2 29.8 19.6 ^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. P r H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended July 17, 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. 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 (-) 1,337 640 2,475 1,095 536 246 1,939 849 1,632 631 1,000 241 759 < 2,181 705 1,475 295 1,180 * 103 8 95 5 2,077 697 1,380 290 90 * 1,090 Loans to dealers 2/ 2. Borrowings from dealers 3^/ 3. Net loans . > Related transactions with U. S. Government securities dealers 1. 1 3,812 1,735 1,675 1,313 362 93 82 11 1,582 1,231 351 345 17 11 < 333 17 ! 1/ 2/ 3/ 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. 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. 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. * «, s ^ * k 1 i