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FEDERAL RESERVE For immediate release March 29, 1968 Reserve Positions of Major Reserve City Banks Reserve Period Ended March 20, 1968 H.5 (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 5 banks 33 other in Chicago banks 107 -109 2 4 6 304 126 179 29 150 749 -114 863 238 625 -1,160 -121 -1,039 -271 -769 - Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves 10.2 2.6 15.5 25.4 1J 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. 13.7 H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended March 20, 1968 (In millions of dollars) A. 38 banks outside New York 2,636 1,887 860 975 1,776 913 437 199 1,338 713 1,321 609 712 197 515 1,315 251 1,064 240 824 566 365 201 2 199 749 -114 863 238 625 1,398 958 440 97 92 5 1,301 866 435 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. 5 banks 33 other in Chicago banks 8 banks in New York City 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 - - 5 - - V 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. 440 435
@FedFRASER