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FEDERAL statistical RESERVE release For immediate release May 10, 1968 Reserve Positions of Major Reserve City Banks Reserve Period Ended May 1, 1968 (In millions of dollars unless otherwise noted) J — — — — 46 banks Reserve excess or deficiency (-) 1/ less : Borrowings from Reserve Banks l>ess: 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 40 22 18 2 16 167 60 107 36 71 768 582 186 130 56 -895 -621 -274 -164 -110 7.9 13.7 4.0 15.1 1.9 Equals: Net basic reserve surplus * or deficit (-): a. 4 > b. p , If I Ne t amount As per cent of average required reserves 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, ote: — Averages of daily figures. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended May 1, 1968 (In millions of dollars) 5 banks in Chicago 46 banks 8 banks in New York City 38 banks outside New York 2,781 2,013 1,093 510 1,688 1,503 404 274 1,386 510 876 217 1,395 582 813 187 627 57 Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 627 768 582 186 130 1,235 683 551 32 127 60 67 1,107 623 484 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 32 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.
@FedFRASER