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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