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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.




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