Banks' Reserves Tighten; Loans Up
NEW YORK, June 19 (AP)ÛÓA tightening in the net reserve position of U.S. commercial banks in the week ended Wednesday was reported by the New York Federal Reserve Bank today.</br></br>It said the banksÛª net borrowed reserves average $1,271,-000,000 in the week, compared with a revised net borrowed reserve average of $872 million in the prior week.</br></br>Borrowings by member banks from the Federal Reserve System averaged $1,316,000,000, an increase from the $1,260,000 average the previous week.</br></br>Commercial and industrial loans at major New York City banks Increased $207 million in the week, compared with a rise of $202 million in the previous week and a gain of $528 million in the like 1968 week.</br></br>Averages of dally figures Wednes-. Wk. ended Chng.from wk. end. day, June 18, June 11, June 18, June 18, 1849	1949	1948	1949