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FEDERAL statistical RESERVE release f*AL For immediate r e l e a s e August 23, 1968 R e s e r v e P o s i t i o n s of Major R e s e r v e C i t y Banks R e s e r v e P e r i o d Ended August 14, 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 •eserve excess or d e f i c i e n c y ( - ) 1/ ,ess: Borrowings from R e s e r v e Banks t 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 i purchases or s a l e s ( - ) 2/ 8 banks i n New York C i t y 38 banks o u t s i d e New York 5 banks 33 o t h e r i n Chicago banks 62 24 38 5 32 225 170 55 — — 55 2,708 1,373 1,335 374 961 -2,871 -1,518 -1,353 -369 -9.84 25.5 34.5 19.7 35.4 16.9 Equals: 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 ( - ) : 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 J > R e s e r v e s h e l d a f t e r a l l a d j u s t m e n t s 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 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 and c a r r y o v e r r e s e r v e d e f i c i e n c i e s . J 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. jlote: — Averages of d a i l y f i g u r e s . \ V k 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 August 14, 1968 ( I n m i l l i o n s of d o l l a r s ) 46 banks A. 5 banks 33 o t h e i i n Chicago banks 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. 1J 38 b a n k s o u t s i d e New York Interbank Federal funds transactions 1. 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 b u y i n g 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 (-) 4,456 1,748 1,824 452 2,632 1,297 651 276 1,981 , 1,020 1,478 442 1,036 276 760 ' 2,978 1,382 1,596 374 270 9 261 2,708 1,373 1,335 374 2,122 1,146 975 39 186 96 90 1,936 1,051 885 1,222 261 " 961 j 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 - - 39 D e r i v e d 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 e a c h 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 buying 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 . k 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 stale) or other lending arrangements. 3/ 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 . 937 90 j 847 \ Note: — Averages of d a i l y f i g u r e s . j
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