The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
For immediate r e l e a s e November 2 9 , 1968 i * H.5 k Reserve P o s i t i o n s of Major Reserve C i t y Banks Reserve Period Ended November 2 0 , 1968 ( I n m i l l i o n s of d o l l a r s u n l e s s o t h e r w i s e n o t e d ) 46 banks 8 banks i n New York C i t y 38 banks o u t s i d e New York 33 o t h e r 5 banks i n Chicago banks Reserve e x c e s s or d e f i c i e n c y ( - ) \ J 126 122 4 Less: 211 43 168 2,991 1,114 1,877 211 1,666 -3,076 -1,035 -2,041 -190 -1,851 26.0 22.1 28.6 18.0 30.4 Borrowings from Reserve Banks L e s s : Net i n t e r b a n k F e d e r a l f u n d s purchases or s a l e s ( - ) 2 / 21 - 18 168 - - E q u a l s : Net b a s i c r e s e r v e s u r p l u s or d e f i c i t ( - ) : z a. Net amount b. As p e r c e n t of a v e r a g e r e quired r e s e r v e s 1/ Reserves h e l d a f t e r a l l a d j u s t m e n t ? a p p l i c a b l e t o t h e r e p o r t i n g p e r i o d i n c l u d i n g a l l o w a b l e c a r r y - o v e r and d e f i c i e n c i e s , l e s s t h e sum of r e q u i r e d r e s e r v e s . 2/ For d e t a i l s see F e d e r a l Funds T r a n s a c t i o n s of Major Reserve C i t y Banks. Note: — Averages of d a i l y f i g u r e s . H.5(a) F e d e r a l Funds t r a n s a c t i o n s of Major R e s e r v e C i t y Banks f o r t h e Week Ended November 20, 1968 ( I n m i l l i o n s of d o l l a r s ) 46 banks A. 38 b a n k s o u t s i d e New York 5 banks 33 o t h e r i n Chicago banks 4 r Interbank Federal funds transactions 1. Gross t r a n s a c t i o n s a. b. Purchases Sales 2, T o t a l 2-way t r a n s a c t i o n s 1 / 3. Total net t r a n s a c t i o n s a. b. c. B. 8 banks i n New York C i t y Net p u r c h a s e s of n e t buying banks Net s a l e s of n e t s e l l i n g banks Net p u r c h a s e s o r s a l e s (-) > 5,064 2,073 1,942 828 3,122 1,246 702 491 2,420 754 * 1,958 794 1,165 491 674 , 3,106 1,148 1,958 211 115 34 81 2,991 1,114 1,876 1,747 - - 81 211 1,665 , * Related t r a n s a c t i o n s with U. S. Government s e c u r i t i e s dealers 1. Loans t o d e a l e r s 2/ 2. Borrowings from d e a l e r s 3/ 3. Net l o a n s < 1,321 696 625 167 117 50 1,154 579 575 69 69 Derived from a v e r a g e s f o r i n d i v i d u a l banks f o r e n t i r e week. F i g u r e f o r each bank i n d i c a t e s e x t e n t t o which i t s weekly a v e r a g e p u r c h a s e s and s a l e s a r e o f f s e t t i n g ; t h a t i s , i t i s t h e l e s s e r of t h e two amounts. Gross p u r c h a s e s l e s s 2-way t r a n s a c t i o n s e q u a l s n e t p u r c h a s e s of n e t b u y i n g b a n k s . S i m i l a r l y , g r o s s s a l e s l e s s 2-way t r a n s a c t i o n s e q u a l s n e t s a l e s of n e t s e l l i n g b a n k s . 2/ F e d e r a l f u n d s l o a n e d , n e t f u n d s s u p p l i e d t o each d e a l e r by c l e a r i n g b a n k s , r e p u r c h a s e a g r e e m e n t s ( p u r c h a s e s of s e c u r i t i e s from d e a l e r s s u b j e c t t o r e s f a l e ) or o t h e r lending arrangements. 2/ F e d e r a l f u n d s b o r r o w e d , n e t f u n d s a c q u i r e d from each d e a l e r by c l e a r i n g b a n k s , r e v e r s e r e p u r c h a s e a g r e e m e n t s ( s a l e s of s e c u r i t i e s t o d e a l e r s s u b j e c t t o r e p u r c h a s e ) , r e s a l e a g r e e m e n t s , and b o r r o w i n g s s e c u r e d by G o v ' t , o r o t h e r i s s u e s . Averages of d a i l y f i g u r e s . 557 > 50 1/ Note: - - v 507 v
@FedFRASER