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FEDERAL statistical RESERVE release ••f<4LRE^; For immediate release October 4, 1968 H. 5 Reserve Positions of Major Reserve City Banks Reserve Period Ended September 25, 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/ 8 banks in New York City 38 banks outside New York 5 banks 33 other in Chicago 4 13 9 5 4 297 84 213 86 127 1,124 2,225 769 1,456 3,349 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves - -3,629 -1,199 -2,430 -850 -1,581 32.3 27.1 35.7 83.4 27.3 1/ 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. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended September 25, 1968 (In millions of dollars) 46 banks A. 8 banks in New York City 38 banks outside New York 5 banks 33 other 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. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) B. 4,792 1,443 1,635 512 3,156 931 920 151 2,236 780 1,306 512 794 151 643 3.486 1,124 2,362 769 1,593 137 137 137 — 3,349 1,124 2,225 769 1,456 2,464 1,403 1,061 53 1,008 103 100 2 0 2 2,362 1,303 1,059 53 1,006 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 restele) 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.
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