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statistical RESERVE release For immediate release March 1, 1968 H. 5 Reserve Positions of Major Reserve City Banks Reserve Period Ended February 21, 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/ i — 8 banks in New York City 38 banks outside New York 35 28 7 241 131 110 760 161 600 •Equals: Net basic reserve surplus or deficit (-): J7 v +2/ a. Net amount b. As per cent of average required reserves 2 - - ! f > 5 110 6 594 * -966 -264 -703 -4 -6.99 8.7 5.9 10.6 .4 12.5 For details see Federal Funds Transactions of Major Reserve City Banks. Note: -- Averages of daily figures. r' 5 banks 33 other in Chicago banks Reserves held after all adjustments applicable to the reporting period less the sum of required reserves and carryover reserve deficiencies. t i FEDERAL of GOV/,- H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended February 21, 1968 (In millions of dollars) 1 46 banks A. 38 banks outside New York i m 5 banks 33 other in Chicago banks v" * Interbank Federal funds transactions 1. r 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 (-) V 2,511 1,750 953 792 1,558 958 320 314 1,368 630 739 267 1,238 644 . 2. 3. Loans to dealers 2/ Borrowings from dealers 3/ Net loans r 472 „ > 1 1,142 323 819 53 766 382 162 220 47 172 * 760 161 600 6 594 4 v 'V- Related transactions with U. S. Government securities dealers 1. V > V 1,755 1,082 97 97 1,658 985 673 — 673 17 — 17 656 -- 656 v v r V indicates extent to which its weekly average purchases and sales are offsetting; 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 redale) 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. y
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