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L.5.6 October 25, 1968 CONFIDENTIAL (F.R.) Table I Transactions of Major Reserve City Banks with D. S. Government Securities Dealers for the Week Ended October 16, 1968 (In millions of dollars) 46 banks 8 banks in 38 banks 5 banks 33 other New York outside in Chicago banks City New York Collateral loans (balances outstanding) a. Made originally in Federal .funds b. Made originally in Clearing House funds 1/ 1,232 448 784 43 741 189 189 XX XX XX 48 48 XX XX XX 19 19 XX XX XX 83 83 XX XX XX 40 40 XX XX XX Unsecured one-day Federal funds transactions a. b. Gross purchases from dealers ( - ) Gross sales to dealers Clearing bank balances a. b. Net Federal funds supplied to dealers Net Federal funds acquired from dealers ( - ) Borrowings from dealers and reverse repurchase agreements (balances outstanding) ( - ) Net loans 1/ 29 1,407 29 652 756 29 43 These data are included in terms of the day on which reserve balances are affected, i.e., the business day after the loans are made. Note:--Averages of daily figures. 712 Table II Footnotes Each day's offsetting purchases or sales by the same bank. 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. Includes Federal funds loaned, the net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject to resale) or other lending arrangements. Includes Federal funds borrowed, the 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 Government or other issues. Based upon reserve balances including all adjustments applicable to the reporting period. Carryover reserve deficiencies, if any, are deducted. This figure is shown in parentheses on Thursdays. # # $ » # # # # # # # L. 5 • 6 (8*) CONFIDENTIAL (F.R.) * • Table II Daily Federal Funds Transactions of Major Reserve City Banks Week Ended October 16, 1968 (in millions of dollars unless otherwise noted) Reporting banks and date Federal funds transactions Gross interbank transactions Total Net interbank transactions Effec2-way Purchases Sales Net purPurtive Sales trans- of net of net chases rate chases actions buying selling or 1/ banks banks sales(-) 46 banks 10 6 5,311 1,598 11 6-1/8 5,434 1,416 4,886 14 6-1/8 1,419 6 15 5,345 1,709 16 5-1/4 5,522 2,518 0 banks in New York City Oct. 10 2,492 247 XX 11 2,511 246 XX 14 1,986 247 XX 15 1,991 614 XX 16 1,715 1,178 XX 38 banks outside New York Oct. 10 2,819 1,351 XX 11 2,923 1,170 XX 14 2,900 1,172 XX 15 3,354 1,095 XX 16 3,807 1,340 XX 5 banks in Chicago XX Oct. 10 671 145 XX 11 812 226 XX 14 851 145 XX 15 853 210 203 XX 943 16 All other banks XX Oct. 10 2,149 1,206 XX 11 2,111 945 XX 14 2,050 1,027 XX 2,500 15 885 16 2,865 i 1,137 1 XX For footnotes see reverse of L.5*6 Oct. 1,152 1,284 1,152 1,409 2,155 4,159 4,150 3,734 3,936 3,367 247 246 247 577 954 2,245 2,265 1,739 1,414 761 905 1,038 906 831 1,201 1,914 1,885 1,995 2,523 2,606 145 226 145 210 203 526 586 706 643 740 761 812 761 621 998 1,388 1,299 1,289 1,879 1,866 446 132 266 300 363 Related transactions with U. S. Government securities dealers Loans Borrowto ings Net dealers from loans 2/ dealers 3/ Reserve excess or deficiency (-)y 3,714 4,018 3,468 3,636 3,004 1,839 1,490 1,360 1,519 1,480 76 116 158 125 110 1,764 1,373 1,202 1,395 1,370 36 224 2,245 2,265 1,739 1,377 537 856 742 648 686 760 51 91 133 100 60 806 651 515 586 700 80(55) 303 263 163 -1,050 446 132 266 264 139 1,469 1,753 1,729 2,259 2,468 983 747 712 833 720 25 25 25 25 50 958 722 687 808 670 - 526 586 706 643 740 74 35 45 55 25 942 1,166 1,023 1,616 1,728 909 712 667 778 695 — — — — — — — — — — — — — 446 132 266 264 139 — — — — — — mm • — — 25 25 25 25 50 - - - 74 35 45 55 25 - 884 687 642 753 645 - 619(132) 384 40 555 447 699(77) 81 223 392 603 116(11) 19 27 47 159 583(65) 62 196 439 444 Borrowings from Reserve Banks — — 511 357 32 6 — — 275 300 — — — — — — 236 57 32 6 — — 25 25 — — — — 211 32 32 6
