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FEDERAL
statistical

RESERVE

release

For immediate release
January 26, 1968
H.5
Reserve Positions of Major Reserve City Banks
Reserve Period Ended January 17, 1968
(In millions of dollars unless otherwise noted)

h

.

46 banks

Reserve excess or deficiency (-) 1/
Less:

•

Borrowings from Reserve Banks

Net interbank Federal funds
purchases or sales ( - ) 2/

8 banks in
New York City

38 banks outside New York

5 banks
33 other
in CkicAffo

30

15

15

3

12

115

51

63

6

57

1,444

518

926

164

762

-1,529

-554

-975

-167

-807

13.4

12.0

14.4

15.3

14.2

rLess:

'Equals: Net basic reserve surplus
^ or deficit (-):
^
k

a.

Net amount

r

b.

As per cent of average required reserves

,1J
^

Reserves held after all adjustments applicable to the reporting period less the sum of
required reserves and carryover reserve deficiencies.

£/

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 17, 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.

I
*

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 Citv

Net purchases of net
buying banks
Net sales of net
selling banks
Net purchases or sales

(-)

3,227
1,783

1,246
728

1,981
1,055

405
241

1,525

693

832

222

1,702

553

1,150

183

967

258

35

224

19

205

1,444

518

926

164

762

1,985

1,249

737

29

708

97

97

1,889

1,152

1,677
pl4

|

J310

Related transactions with
U. S. Government securities
dealers
1.

Loans to dealers 2/

2.

Borrowings from dealers 3/

3.

Net loans

—

- -

737

29

1/
—

rv t

j £

r . , ,. .
°
— "
ween.. ro-gure lor eacn Dan I
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.




'

- -

708