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statistical For immediate release November 15, 1968 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended November 6, 1968 (In millions of dollars unless otherwise noted) 46 banks Peserve 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 22 33 11 155 36 119 10 109 3,115 1,171 1,944 361 1,583 -3,248 -1,173 -2,075 -372 -1,703 ii Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves 28.3 26.3 29.6 36.2 1/ Reserves held after all adjustments applicable to the reporting period including allowable carry-over and deficiencies, less the sum of required reserves. 2/ For details see Federal Funds Transactions of Major Reserve City Banks. Note: -- Averages of daily figures. 28.4 H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended November 6, 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. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. 5,061 1,947 1,950 779 3,112 1,167 711 349 1,853 772 1,082 349 3,208 1,178 2,030 361 93 8 86 3,115 1,171 1,944 361 1,888 981 907 31 145 95 50 1,743 886 857 2,401 818 732 . Total net transactions a. b. c. B. 8 banks in New York City Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 1,669 86 1>583, Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 50 31 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. 875 825
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