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lill! FEDERAL RESERVE statistical For immediate release November 22, 1968 H. 5 Reserve Positions of Major Reserve City Banks Reserve Period Ended November 13, 1968 (In millions of dollars unless otherwise noted) 33 other 5 banks in Chicago banks 46 banks 8 banks in New York City 38 banks outside New York Reserve excess or deficiency (-) 1/ 213 96 117 Less: 371 129 242 - - 242 3,838 1,809 2,029 389 1,640 -3,996 -1,842 -2,154 -380 -1,775 33.9 39.9 30.1 35.6 29.1 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 9 108 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves 17 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. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended November 13, 1968 (In millions of dollars) A. 5 banks 33 other» in Chicago banks 46 banks 8 banks in New York City 5,585 1,747 2,276 466 3,309 1,280 763 374 2,546 . 906 1,595 441 1,154 371 783 . 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. 38 banks outside New York 1 Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) • 3,990 1,834 2,155 392 1,763 „ 151 25 126 3 123 * 3,838 1,809 2,029 389 1,640 . 1,308 846 462 2 460 ' 131 81 50 1,177 765 412 Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 50 2 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 redale) or other lending arrangements. 3/ Federal funds borrowed, net funds acquired frpm 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. 1 v 410 »