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FEDERAL RESERVE statistic For immediate release September 27, 1968 Reserve Positions of Major Reserve City Banks Reserve Period Ended September 18, 1968 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) V 5,ess: 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 18 19 1 213 86 128 11 116 3,948 1,416 2,533 680 1,853 -4,143 -1,483 -2,661 -696 -1,9.65 36.7 33.6 38.6 65.0 33.7 - 4 3 • ' Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves J ' 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) r Federal Funds transactions of Major Reserve City Banks for the Week Ended September 18, 1968 (In millions of dollars) 46 banks A. 38 banks outside New York 5 banks 33 othet 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 Citv Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 5,467 1,519 1,905 490 3,562 1,029 218 1,435 490 945 218 4,032 1,416 2,617 680 84 898 84 2,664 811 ' 1,937 84 3,948 1,416 2,533 680 1,853 2,718 1,435 1,283 83 1,200 163 95 68 2,555 1,340 1,215 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 83 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 redele) 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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