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FEDERAL statistical RESERVE release For immediate release October 11, 1968 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended October 2, 1968 (In millions of dollars unless otherwise noted) 33 other 5 banks in Chicago banks 38 banks outside New York 46 banks 8 banks in New York City Reserve excess or deficiency (-) 1/ 113 69 44 Less: 179 150 29 2,564 1,493 1,071 232 839 -2,630 -1,574 -1,056 -225 -831 23.1 34.8 15.4 22.0 14.2 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 8 \ — 36 29 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves — 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. I H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended October 2, 1968 (In millions of dollars) 46 banks A. 38 banks outside New York 5 banks 33 other! in Chicago banks * H Interbank Federal funds transactions 1. % 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 (-) V 4,339 1,775 1,871 378 2,468 1,397 635 402 1,834 < 995 > 1,422 378 1,043 289 754 * 2,918 1,493 1,425 345 354 mm mm 354 113 1,080 " 4 241 x ; 2,563 1,493 1,071 232 838 ^ 89 1 948 J Related transactions with U. S. Government securities dealers 1• Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 2,323 1,286 1,037 121 97 24 2,202 1,189 1,013 - - 89 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 re stale) 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. 24 > 925 >
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