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release For immediate release August 16, 1968 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended August 7, 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 38 banks outNew York City side New York 5 banks 33 other in Chicago 19 5 14 380 337 44 2,133 1,110 1,022 408 614 -2,493 -1,442 -1,052 -405 -647 21.5 31.0 15.1 37.6 11.0 3 w pe 11 44 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. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended August 7, 1968 (In millions of dollars) 46 banks A. 8 banks in 138 banks outNew York City side New York \ . tr 5 banks 33 other in Chicago banks Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-wav transactions 1/ 3,809 1,676 1,591 480 2,218 1,196 631 223 1,587" 973 1,381 480 901 223 678 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) ' 2,428 1,110 1,317 408 909 2,133 1,110 1,022 408 2r i B 614 2,311 1,506 805 53 752 165 75 90 2,145 1,431 715 295 295 B. Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 90 53 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. Grogs purchases less 2-wey 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. 662
@FedFRASER