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FEDERAL statistical RESERVE release For immediate release June 21, 1968 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended June 12, 1968 (In millions of dollars unless otherwise noted) 8 banks in New York City 46 banks Reserve excess or deficiency (-) 1/ Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 38 banks outside New York 33 other 5 banks in Chicago banks - 3 14 16 11 214 36 178 - - 178 1,149 447 701 192 509 -1,336 -467 -869 -196 -674 27 . Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves 12.0 10.4 13.1 19.1 ' 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. * 12.0 H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended June 12, 1968 (In millions of dollars) A. 8 banks in New York City 38 banks outside New York 3,252 2,103 1,255 808 1,997 1,296 1,464 671 793 1,788 584 639 5 banks 33 other in Chicago banks Interbank Federal funds transactions 1. Gross transactions a. be Purchases Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. b. c. B. 46 banks Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 493 301 1,504 995 245 549 1,204 248 955 137 502 56 446 1,149 447 701 192 509 1,085 735 350 . Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 344 116 229 - - 229 3. Net loans 741 620 121 — 121 350 1/ 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 re stale) 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.
@FedFRASER