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FEDERAL '••oSSL*.. statistical RESERVE release For immediate release November 5, 1968 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended October 23, 1968 (corrected) (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 39 39 5 banks 33 other in Chicago banks - 6 33 103 21 81 24 58 2,676 952 1, 724 468 1,257 -2,818 -973 -1,844 -498 -1,347 24.1 21.4 25.9 45.3 22.3 E q u a l : Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves - 27 Reserves held after all adjustments applicable to the reporting period including allowable carry-over and deficiencies, less the sum of required reserves. 2/ 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 October 23, 1968 (In millions of dollars) A. 8 banks in New York City 38 banks outside New York 4,528 1,852 1,710 758 2,818 1,094 750 283 2,068 811 1,718 750 968 283 685 2,811 960 1,851 468 1,383 134 8 126 2,677 952 1,725 468 1,257 1,408 735 674 38 636 143 93 50 1,265 642 624 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 (-) B. 5 banks 33 other in Chicago banks 46 banks 126 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans — 38 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 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. Note: — Averages of daily figures. 50 586
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