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FEDERAL 0?GOW/. statistical RESERVE release For immediate release May 24, 1968 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended May 15, 1968 (In millions of dollars unless otherwise noted) 1 w 46 banks W Reserve excess or deficiency (-) 1/ JL,ess: Borrowings from Reserve Banks \ess: Net interbank Federal funds * purchases or sales (-) 2/ 8 banks in New York City 38 banks outside New York 33 other 5 banks in Chicago banks 50 10 40 221 123 99 26 72 1,469 781 688 459 228 -1,641 -894 -747 -486 -261 40 ^Equals: Net basic reserve surplus or deficit (-): % a. Net amount b. As per cent of average required reserves f 14.9 20.6 11.2 46.9 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. Fote: « Averages of daily figures. i 4.6 1 H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended May 15, 1968 (In millions of dollars) 46 banks A. 38 banks outside New York 5 banks 33 other % in Chicago banks Interbank Federal funds transactions 1. V v 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 > v Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 3,596 2,127 1,438 657 2,157 1,470 647 187 1,510 1,282 1,507 657 850 187 663 2,089 781 1,307 459 848 620 620 620 1,469 781 688 459 228 4 318 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 896 575 322 2. Borrowings from dealers 3/ 270 64 206 3. Net loans 627 511 116 - - 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 re&ale) 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. 206 112
@FedFRASER