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FEDERAL s t o t i st i c a I / RESERVE release k / r r H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended February 7, 1968 For immediate release February 16, 1968 (In millions of dollars unless otherwise noted) 46 banks 8 banks in New York City 38 banks outside New York 5 banks 33 other in Chicago banks Reserve excess or deficiency (-) 1/ 41 18 23 Less: 55 1 54 988 321 668 85 582 -1,002 -304 -698 -78 -621 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 8 — — 16 54 Equals: Net basic reserve surplus ' or deficit (-): a. Net amount b. As per cent of average required reserves 8.6 6.4 10.2 6.9 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. 10.8 H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended February 7, 1968 (In millions of dollars) 46 banks A. 38 banks outside New York 5 banks 33 other in Chicago banks Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) B. 8 banks in New York City 2,623 1,635 931 610 1,692 1,025 324 239 1,368 786 1,252 492 759 212 548 1,372 439 933 113 820 383 118 265 28 238 988 321 668 85 582 2,137 1,345 792 24 769 93 93 2,044 1,252 Related transactions with U. S. Government securities dealers 1, Loans to dealers 2/ 2, Borrowings from dealers 3/ 3, Net loans - - — 24 792 1/ Derived rrom averages tor INUIVIUUCN U<NI*.O WJ. ~~ 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. — - 769
@FedFRASER