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HP F yE D E R A L statistical RESERVE release For immediate release January 12, 1968 Reserve Positions of Major Reserve City Banks Reserve Period Ended January 3, 1968 (in millions of dollars unless otherwise noted) 46 banks 8 banks in 38 banks out- 5 hanks 33 other New York City side New York in Chicago banks Reserve excess or deficiency (-) 1/ 183 85 99 11 87 Less: Borrowings from Reserve Banks 336 156 181 54 126 1,066 407 659 -34 693 -1,219 -478 -741 - 9 -732 10.3 9.7 10.7 .7 12.8 Less: let 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 ±J Reserves held after all adjustments applicable to the reporting period less the sua of required reserves and carryover reserve deficiencies. 2/ For details see Federal Funds Transactions of Major Reserve City Banks. Mote: — Averages of daily figures. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended January 3, 1968 (In millions of dollars) 46 banks 3 banks in 36 banks out- 5 banks 33 otherv New York City side New York in Chicago banks A. Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions l/ 2,758 1,692 1,127 720 1,631 972 270 304 1,360 668 1,317 520 797 209 588 1,441 608 834 61 773 376 200 175 95 80 1,066 407 659 - 34 693 1,786 1,377 409 47 362 98 93 5 1,688 1,284 404 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 2/ 2. Borrowings from dealers 3/ 3. Net loans 5 47 l/ Derived from averages for individual banks for entire week. Figure for each hank 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-nay 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. 2/ 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. 357 Corrected Copy Jan. 9, 1968 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended December 2.7, 1967 (in millions of dollars unless otherwise noted) 46 banks 8 banks in 38 banks out- 5 banks 33 other New York City side New York In Chicago Reserve excess or deficiency (-) l/ 86 52 34 Less: Borrowings from Reserve Banks 131 27 104 Less: Net interbank Federal funds purchases or sales (-) 2/ 671 250 421 -194 615 - 716 -225 -491 202 -693 6.2 4.8 7.3 17.8 12.3 7 26 104 - - 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.
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