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For immediate release October 18, 1968 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended October 9, 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 33 other 5 banks in Chicago banks 2 4 16 10 6 177 60 117 3,829 1,786 2,043 629 1,414 -3,990 -1,836 -2,154 -627 -1,527 34.3 39.1 31.0 61.3 25.8 117 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves V Reserves held after all adjustments applicable to the reporting period including allowable carryover and deficencies, less the sum of required reserves. 2/ For details see Federal Funds Transactions of Major Reserve City Banks. Note: — Averages of daily figures. H.5(a) October 18, 1968 Federal Funds transactions of Major Reserve City Banks for the Week Ended October 9, 1968 (In millions of dollars) 46 banks 8 banks in New York Citv 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 (-) 5,492 1,663 2,167 382 3,325 1,282 943 315 2,381 967 1,491 382 1,110 308 802 4,001 1,786 2,215 635 1,580 172 7 165 172 — 3,829 1,786 2,043 629 1,415 2,368 1,001 1,367 140 1,227 125 100 25 2,243 901 1,342 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 25 140 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. 2V Federal funds loaned, net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject to redale) 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. 1,202
@FedFRASER