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FEDERAL statistical RESERVE release For immediate release June 28, 1968 ' H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended June 19, 1968 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) 1/ Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 8 banks in | 38 banks outNew York City side New York 5 banks 33 other in Chicago banks 56 35 21 5 16 187 93 94 46 48 1,537 640 897 263 634 -1,668 -698 -970 -304 -666 14.8 15.2 14.5 29.6 11.8 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. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended June 19, 1968 (In millions of dollars) A. 8 banks in New York City 38 banks outside New York 3,632 2,095 1,399 759 2,233 1,336 545 282 1,688 1,054 1,807 739 1,068 264 805 1,825 660 1,165 282 883 288 20 268 19 249 1,537 640 897 263 634 1,151 819 333 4 329 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. b. c. B. 46 banks Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 291 85 206 3. Net loans 861 734 127 - - 4 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 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. 206 123
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