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FEDERAL
SSyeJ
in
statistical
RESERVE
release
"?*4LRS**V
For immediate release
September 13, 1968
iH.5
Reserve Positions of Major Reserve City Banks
Reserve Period Ended September 4, 1968
(In millions of dollars unless otherwise noted)
'
46 banks
'Reserve excess or deficiency (-) 1/
Borrowings from Reserve Banks
Less: Net interbank Federal funds
<purchases or sales (-) 2/
38 banks outside New York
5 banks
33 other
in Chicago banks
13
25
38
6
32
194
104
90
— «*
90
2,299
976
1,322
466
856
-2,479
-1,105
-1,374
-460
-914
21.9
25.1
19.9
42.9
15.7
/
Less:
8 banks in
New York City
Equals: Net basic reserve surplus
or deficit (-):
(
a.
i b.
Net amount
As per cent of average required reserves
<
}l/
!>
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.
I
•
i
i
H.5(a)
Federal Funds transactions of Major Reserve City Banks
for the Week Ended September 4, 1968
(In millions of dollars)
46 banks
A.
38 banks outside New York
5 banks 33 othe
in Chicago banks {
4
Interbank Federal funds
transactions
1.
t
V
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
>
v
Net purchases of net
buying banks
Net sales of net
selling banks
Net purchases or sales
(-)
>
4,132
1,833
1,495
519
2,636
1,314
752
286
1,884'
l,028v
1,524
519
1,005
273
7321
1
V
2,608
976
309
1,631
479
309
13
1,152'
296
2,299
976
1,322
466
856^
2,214
1,195
1,019
80
939 j
190
100
90
2,024
1,094
929
Related transactions with
U. S. Government securities
dealers
1.
Loans to dealers 2/
2.
Borrowings from dealers 3/
3.
Net loans
90 i
80
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.
2/
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.
8491
@FedFRASER