NEW YORK (AP)ÛÓFigures released by the Federal Reserve Bank of New York Thursday showed the net reserve position of the nationÛªs commercial banks tightened during the week ended Wednesday.</br></br>The estimated average net borrowed reserves of member banks during the statement week totald $381 million, up from the revised net borrowed reserve average of $262 million in the previous week.</br></br>Short-term issues on the secondary money market eased lower during the statement week, while federal fundsÛÓreserves traded between banks on a day-to-day basisÛÓremained firm.</br></br>Member bank borrowings from the Federal Reserve system averaged $737 million in the statement week, up from the $602 million average of the previous week.</br></br>The Federal Reserve increased its holdings of government securities by $401 million, all in year-and-under maturities.