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For immediate release October 25, 1968 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended October 16, 1968 (In millions of dollars unless otherwise noted) 46 banks 8 banks in New York City 38 banks outside New York 33 other 5 banks in Chicago banks Peserve excess or deficiency (-) 1/ 116 60 56 6 51 Less: 275 161 115 14 100 3,697 1,813 1,883 625 1,259 -3,856 -1,914 -1,942 -633 -1,308 32.2 40.2 27.0 55.6 21.6 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves iy 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 16, 1968 (In millions of dollars) 8 banks in New York City 38 banks outside New York 5,338 1,641 2,245 432 3,093 1,210 822 197 1,513 432 1,081 197 3,825 1,813 2,012 625 46 banks A. 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 in Chicago 129 129 3,697 1,813 1,883 625 1,524 740 784 43 117 88 29 1,407 652 756 Related transactions with U. S. Government securities dealers 1• Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 43 1J 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. 2/ 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.
@FedFRASER