The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
release For immediate release February 9, 1968 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended January 31, 1968 (In millions of dollars unless otherwise noted) 46 banks 38 banks out8 banks in New York City side New York 5 banks 33 other1 in Chicago banks 2 26 Reserve excess or deficiency (-) 1/ 44 16 28 Less: 70 27 43 121 -190 311 -16 327 -147 179 -327 17 -344 1.3 3.9 4.8 1.6 6,0 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ - - 43 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. 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 January 31, 1968 (In millions of dollars) 46 banks A. 8 banks in New York Citv 38 banks outside New York 5 banks 33 otheiL' in Chicago banks _ J Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ • 2,504 2,384 840 1,030 1,664 1,353 306 321 1,358 1,032 1,508 659 848 268 581 997 181 816 38 778 ' 876 371 505 54 451 121 -190 311 -16 327 2,070 1,373 697 33 664 72 72 1,998 1,301 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) B. Related transactions with U. S. Government securities dealers 1. Loans to dealers If 2. Borrowings from dealers "if 3. Net loans — 697 33 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. 664
@FedFRASER