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release

For immediate release
September 20, 1968
Reserve Positions of Major Reserve City Banks
Reserve Period Ended September 11, 1968
(In millions of dollars unless otherwise noted)

46 banks

8 banks in
New York Citv

Reserve excess or deficiency (-) 1/

213

129

84

Less:

426

225

201

3,573

1,478

2,095

689

1,406

-3,786

-1,575

-2,211

-664

-1,547

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
24
- -

60
201

Equals: Net basic reserve surplus
or deficit (-):
a.

Net amount

b.

As per cent of average required reserves

33.7

35.6

32.5

65.3

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.




26.8

H.5(a)

Federal Funds transactions of Major Reserve City Banks
for the Week Ended September 11, 1968
(In millions of dollars)

N
s

(
46 banks
A.

38 banks outside New York

5 banks 33 othe^
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

(-)

4,898
1,325

1,781
302

3,117
1,022

872
183

2,245 >
839

1,181

300

881

183

698 \

3,717

1,481

2,236

689

1,547 t

144

3

141

3,573

1,478

2,095

141 '
689

1,406 1

Related transactions with
U. S. Government securities
dealers
1.

Loans to dealers 2/

2.

Borrowings from dealers 3/

3.

Net loans

J

(

2,375

1,193

1,182

179

89

90

2,196

1,104

1,092

74
- -

74

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.




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