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FEDERAL oj / Ir n [fill statistical RESERVE release <- For immediate release March 15, 1968 < N ] H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended March 6, 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/ 33 8 banks in New York City 24 38 banks outside New York 9 5 banks 33 other in Chicago banks - 5 13 236 - - 236 93 143 793 40 753 66 687 -997 -16 -980 -164 -817 8.6 .3 14.3 14.5 14.3 ^Equals: Net basic reserve surplus . or deficit (-): p a. Net amount b. As per cent of average required reserves \J ^2/ Reserves held after all adjustments applicable to the reporting period less the sum of required reserves and carryover reserve deficiencies. 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 March 6, 1968 (In millions of dollars) A. 8 banks in New York City 2,532 1,738 797 756 1,735 982 364 297 1,336 535 801 254 547 1,196 261 935 110 825 402 221 182 44 793 40 753 66 687 1,966 1,153 813 46 766 76 76 1,890 1,077 813 46 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. b. c. B. 46 banks Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 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.