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FEDERAL statistical RESERVE release For immediate release June 14, 1968 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended June 5, 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 38 banks outNew York Citv side New York 5 banks 33 other in Chicago banks 55 23 32 257 75 182 — — 182 871 320 551 205 347 -1,074 -372 -702 -200 -501 9.6 8.1 10.5 19.2 8.9 4 27 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves ' U 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. , Bote: — Averages of daily figures. H.5(a) f Federal Funds transactions of Major Reserve City Banks for the Week Ended June 5, 1968 (In millions of dollars) A. N 46 banks 8 banks in New York City 3,357 2,485 1,164 844 2,193 1,642 534 329 1,822 787 1,035 309 1,535 377 1,158 224 664 57 607 20 871 320 551 205 1,155 786 369 38 banks outside New York 5 banks in Chicago Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way 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/ 319 101 218 3. Net loans 835 684 151 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. Note: -- Averages of daily figures.
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