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FEDERAL s>3ases statistic n K r C r O r- r» \ / rC K V C release For immediate release March 8, 1968 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended February 28, 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 New York City 38 banks outside New York 5 banks 33 other in Chicago banks 51 2 49 193 119 74 564 25 539 15 524 -707 -142 -565 -6 -559 6.2 3.1 8.3 .5 9.8 9 39 74 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 February 28, 1968 (In millions of dollars) 46 banks A. 8 banks in New York City 38 banks outside New York 5 banks 33 othe^* in Chicago banks ^ Interbank Federal funds transactions 1. tr Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) V v 2,619 2,055 849 824 1,769 1,231 370 355 1,400 876 r 1,535 595 940 297 643 ^ > 1,084 254 829 72 520 229 290 57 564 25 539 15 757 4 1 233 * y 524 v % B. Related transactions with U. S. Government securities dealers 1. Loans to dealers 2:/ 2. Borrowings from dealers 3/ 3. Net loans y V 1,761 1,042 77 77 1,684 965 719 684 v 34 V - - 719 684 v 34 • 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.
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