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For immediate release August 30, 1968 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended August 21, 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 New York City 38 banks outside New York 5 banks 33 other in Chicago banks 33 12 20 17 363 274 90 90 2,431 1,006 1,425 367 1,058 •2,762 -1,267 •1,494 -364 -1,131 24.3 28.4 21.6 34.4 19.3 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. y 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 21, 1968 (In millions of dollars) A. 8 banks in New York Citv 38 banks outside New York 4,174 1,743 1,509 503 2,665 1,240 646 279 2,018 M 961 # 1,533 497 1,036 272 764 1 2,641 1,012 1,629 375 1,255 1 210 6 204 8 197 1 2,431 1,006 1,425 367 1,058 1 s 5 banks 33 othel in Chicago banks j Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. b. c. B. 46 banks Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 1 2,120 1,195 925 170 80 90 1,949 1,114 835 32 - - 32 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 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: — l 893 1 jj 803 Y Averages of daily figures. I
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