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For immediate release November 8, 1968 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended October 30, 1968 (In millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) 1/ I,ess: 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 72 9 63 12 51 112 12 100 — «— 100 2,035 609 1,426 323 1,104 612 1,463 310 -1,153 13.6 20.7 29.9 19.2 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves - 2,075 17.9 - - ll 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 October 30, 1968 (In millions of dollars) A. 8 banks in New York City 38 banks outside New York 4,281 2,246 1,599 990 2,682 1,256 630 308 2,052 948 1,969 908 1,061 296 765 2,312 691 1,622 334 1,287 277 82 195 12 183 2,036 609 1,427 323 1,104 1,466 823 643 35 608 99 63 36 1,367 760 607 Interbank Federal funds transactions 1. 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 (-) B. 5 banks 33 other in Chicago banks 46 banks Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans - - 35 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. 36 572
@FedFRASER