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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.




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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