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mm FEDERAL statistical RESERVE release For immediate release May 3, 1968 t S^H.S Reserve Positions of Major Reserve City Banks Reserve Period Ended April 24, 1968 (In millions of dollars unless otherwise noted) 46 banks < / •Reserve excess or deficiency (-) 1/ Borrowings from Reserve Banks Less: 'Less: Net interbank Federal funds , purchases or sales (-) 2/ 24 8 banks in New York City - 38 banks outside New York 5 banks 33 other in Chicago banks 7 31 10 21 342 49 293 101 192 1,863 672 1,191 437 754 -2,182 -729 -1,453 -528 -92.5 19.3 15.9 21.6 50.4 16.3 ^Equals: Net basic reserve surplus + or deficit (-): ^ a. Net amount I < b. As per cent of average required reserves * i '1/ Reserves held after all adjustments applicable to the reporting period less the sum of t required reserves and carryover reserve deficiencies. | 2/ For details see Federal Funds Transactions of Major Reserve City Banks. EfNote: — Averages of daily figures. H.5(a) ¥ Federal Funds transactions of Major Reserve City Banks for the Week Ended April 24, 1968 (In millions of dollars) ^ J % 46 banks A. 38 banks outside New York 5 banks 33 otherv 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 City Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 3,763 1,900 1,466 793 2,298 1,107 627 191 1,671 * 916 w 1,613 793 820 191 629 . x 2,151 672 1,478 437 1,041 * 287 » * 754 , 287 287 1,863 672 1,191 437 973 589 384 35 89 76 13 884 513 371 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 349 13 35 I! 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. 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. 336 ) * Note: — Averages of daily figures. v
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