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FEDERAL RESERVE statistical For immediate release February 23, 1968 H.5 k Reserve Positions of Major Reserve City Banks Reserve Period Ended February 14, 1968 (In millions of dollars unless otherwise noted) 6 1 38 banks outside New York 33 other 5 banks in Chicago banks 46 banks 8 banks in New York City Reserve excess or deficiency (-) 1_/ 199 127 72 Less: 211 144 67 1,192 410 782 129 653 -1,205 -427 -778 -130 -648 10.8 9.6 11.7 12.1 11.6 r Borrowings from Reserve Banks -Less: Net interbank Federal funds purchases or sales (-) 2/ , - 1 - - 72 67 'Equals: Net basic reserve surplus * or deficit (-): a. Net amount ' b. r 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 February 14, 1968 (In millions of dollars) 46 banks A. 38 banks outside New York 5 banks 33 othei 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. B. 8 banks in New York City Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 2,884 1,692 1,026 616 1,858 1,076 435 306 1,353 529 823 286 1,532 497 1,035 149 340 87 253 20 233 1,192 410 782 129 653 1,659 979 680 673 101 101 1,558 878 680 673 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 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 redale) 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.
@FedFRASER