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F E D E R A L
IE

statistical

R E S E R V E

release

For immediate release
April 12, 1968

<
/

H.5
'f

Reserve Positions of Major Reserve City Banks
Reserve Period Ended April 3, 1968

4

4

(In millions of dollars unless otherwise noted)

*
I*
4
m

46 banks

^Reserve excess or deficiency (-) 1/
4
*Less: Borrowings from Reserve Banks

278

*Less: Net interbank Federal funds
*
purchases or sales (-) 2/

792

-1,040

s

30

8 banks in
New York City

38 banks outside New York

18

12

5 banks 33 other
in Chicago banks
• •

12

278

123

155

436

356

162

193

-418

-622

-286

-336

- -

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

Net amount

® b.

As per cent of average required reserves

1
k
1/
i
y

9.2

9.1

9.3

27.6

Reserves held after all adjustments applicable to the reporting period less the sum of
required reserves and carryover reserve deficiencies.
For details see Federal Funds Transactions of Major Reserve City Banks.

bote: —

Averages of daily figures.




5.9

H.5(a)
Federal Funds transactions of Major Reserve City Banks
tor the Week Ended April 3, 1968
(In millions of dollars)

46 banks
A.

38 banks out8 banks in
New York City side New York

5 banks
in Chicago

Interbank Federal funds
transactions
1. Gross transactions
a.
b.

Purchases
Sales

2. Total 2-way transactions 1/

2,553
1,761

950
514

1,603
1,247

376
213

1,199

466

734

213

1,353

484

869

162

562

48

514

792

436

356

1,075

843

232

85

85

990

758

3. Total net transactions
a. Net purchases of net
buying banks
b. Net sales of net
selling banks
c. Net purchases or sales
(-)

162

B. Related transactions with
U. S. Government securities
dealers
1. Loans to dealers 2/
2.

Borrowings from dealers 3/

3. Net loans

232

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 redele)
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.