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FEDERAL Q? GQV/> statistical RESERVE release f*AL For immediate release August 11, 1 9 6 7 Reserve Positions of Major Reserve City Banks Reserve Period Ended August 2, .1967 (in millions of dollars unless otherwise noted) 46 hanks 19 18 3 15 26 28 2 26 1,206 392 813 90 723 OJ 38 -399 -823 -89 -734 11.3 9.1 12.8 8 . it 13.6 Reserve excess or deficiency (-) l/ Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales ( - ) 2/ 8 banks in 38 hanks out5 hanks 33 other New York City side New York in Chicago hanks Equals: Net "basic reserve surplus or deficit (-): ' Net amount h. As per cent of average required reserves I z S. i/ Reserves held after all adjustments applicable to the reporting period less the sua of required reserves and carryover reserve deficiencies. 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 August 2, 1967 (In millions of dollars) 46 banks 38 banks out- 5 banks 8 banks in 33 other New York City side New York in Chicago banks A. Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3,099 1,894 1,255 862 1,84-5 1 , 0 3 2 499 409 1,448 708 739 257 kQ2 1,652 546 1,105 2^2 864 152 l4o 1,346 622 3. Total net transactions a. c. (-) -dlf\ 1—{ b. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales 292 1,206 392 813 90 723 1,589 1,052 537 38 499 90 90 1,499 963 446 B. Related transactions with U. S. Government securities dealers 1: Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans - - 537 - - 38 l/ Derived from averages for indjIvidual 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 hanks. Similarly, gross sales less 2-way transactions equals net sales of net selling hanks. g/ Federal funds loaned, net funds supplied to each dealer by clearing hanks, repurchase agreements (purchases of securities from dealers subject to resale) or other lending arrangements. 3/ 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. %9