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RESERVE FEDERAL statistic For immediate release December 27, 1968 H. 5 Reserve Positions of Major Reserve City Banks Reserve Period Ended December 18, 1968 (In millions of dollars unless otherwise noted) 46 banks • 8 banks in New York City 38 banks outside New York 33 other 5 banks in Chicago banks • Reserve excess or deficiency (-) _!/ 101 69 32 4 28 Less: 360 104 256 45 212 3,156 1,154 2,003 300 1,702 -3,416 -1,189 -2,227 -341 -1,886 29.0 25.4 31.3 31.7 31.3 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 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 carry-over and deficiencies, less the sum of required reserves. 2/ For details see Federal Funds Transactions of Major Reserve City Banks. Note: — Averages of daily figures. including allowable H. 5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended December 18, 1968 (In millions of dollars) 46 banks A. 38 banks outslde New York 5 banks in Chicago Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. b. •3 B. 8 banks in New York City c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 5,321 2,165 1,997 843 3,324 1,322 741 440 1,969 843 1,127 369 758 3,352 1,154 2,198 372 1,826 195 72 124 195 3,156 1,154 2,002 300 1,838 1,234 604 36 97 83 14 1,741 1,151 590 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 14 36 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: -- Averages of daily figures. a\ 569 555
@FedFRASER