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FEDERAL Q? GOV/- RESERVE For immediate release January 3, 1969 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended December 25, 1968 (In millions of dollars unless otherwise noted) 46 banks 8 banks in New York City 38 banks outside New York 33 oi 11• • i 5 banks in Chicago bank s Reserve excess or deficiency (-) !_/ 168 148 20 20 1 Less: 643 275 368 149 219 3,220 1,389 1,831 385 1,446 -3,695 -1,515 -2,179 -513 -1,666 31.6 33.2 30.6 48.7 27. J Borrowings from Reserve Banks Less: Net 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 1/ Reserves held after all adjustments applicable to the reporting period including allowable c a r r y - o v e r and d e f i c i e n c i e s , 2/ less the sum of required r e s e r v e s . 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 December 25, 1968 (In millions of dollars) A. 8 banks in New York City 38 banks outside New York 5,054 1,834 1,966 578 3,088 1,257 759 374 2,329 883 1,680 568 1,112 374 738 3,375 1,399 1,976 385 1,591 155 10 145 3,220 1,389 1,831 385 1,446 1,301 957 345 34 311 108 108 - - 1,193 848 345 5 banks 33 other 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. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales b. c. . B. 46 banks ( - ) 145 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans — 34 I/ 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 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. 311
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