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FEDERAL statistical RESERVE release For immediate release April 5, 1968 H. 5 Reserve Positions of Major Reserve City Banks Reserve Period Ended March 27, 1968 (In millions of dollars unless otherwise noted) Reserve excess or deficiency (-) 1J Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 46 banks 8 banks in New York City 15 -12 28 7 21 125 15 110 45 65 626 42 584 191 -736 -69 -667 -230 38 banks outside Blew York 5 banks 33 other in Chicago banks 393 Equals: Net basic reserve surplus or deficit (-): a. Net amount be As per cent of average required reserves 6.5 1.5 9.9 21.9 V 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. -437 7.7 H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended March 27, 1968 (In millions of dollars) J 46 banks A. 8 banks in New York Citv 38 banks outside New York 5 banks 33 other in Chicago banks ^ V Interbank Federal funds transactions V 1. Gross transactions a. be 2. Total 2-way transactions 1/ 3. Total net transactions a. be Ce B. 1 / 1 Purchases Sales 2,861 2,235 966 924 1,895 1,311 453 261 1,442 J 1,050 V1 1,535 632 903 258 645 N 7 V F Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 1,326 334 992 195 700 292 408 4 626 42 584 191 4 797 * 404 V 393 ^ Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans TX--J—-J r , . V 1,304 966 338 — — 338 108 107 1 - - 1 1,197 859 338 . — o-— v u o u r b iui u R n e ween, figure ror eacn oani 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. 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. v y 338 v
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