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FEDERAL statistical * f*AL RESERVE release * For immediate release June 7, 1968 *.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended May 29, 1968 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) 1/ "Less: Borrowings from Reserve Banks Net interbank Federal funds purchases or sales (-) 2/ 8 banks in New York City 38 banks outside New York 5 banks 33 other in Chicago banks 27 8 19 16 211 77 134 134 411 65 345 255 90 -595 -135 -460 -252 -208 5.4 3.0 6.9 24.6 3.7 J.,QSS: tquals: Net basic reserve surplus * or deficit (-): a. / b. ' Net amount As per cent of average required reserves i/ 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. ^fote: — Averages of daily figures. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended May 29, 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 Citv Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) < 3,048 2,637 1,153 1,087 1,895 1,550 502 247 1,393 1,303 1,579 742 837 247 591 1,469 411 1,058 1,058 345 713 411 65 345 255 — — 255 803 713 90 • » k ^ V Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 673 465 209 2. Borrowings from dealers 3 / 286 80 206 3. Net loans 387 384 3 2 - - 2 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 redale) 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: — * *1 1/ 3/ , 207 206 1 , v V * s V Averages of daily figures. 1
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