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£ 0? GOVfr F statistical E D E R A L R E S E R V E release For immediate release August 1)-, 1967 , H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended July 26, 1967 (in millions of dollars unless otherwise noted) 8 banks in 38 banks out- 5 banks 33 other 46 banks New York City side New York in Chicago banks 8 17 Reserve excess or deficiency (-) 1/ 33 9 25 Less; Borrowings from Reserve Banks 8 0 8 1,170 480 690 74 616 -1,145 -472 -673 -66 -607 10.7 11.0 10.5 6.3 11.3 Less: Net interbank Federal funds purchases or sales (-) 2/ 8 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves • > ' 1/ Reserves held after all adjustments applicable to the reporting period less the sum 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 July 26, 196? (In millions of dollars) A. Interbank Federal funds transactions 8 banks in 38 banks out- 5 banks 33 other ' 46 banks New York City side New York in Chicago banks » • V 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions 1/ 3,128 1,958 1,396 915 1,733 1,043 433 358 1,300 685 » , 1,479 636 843 240 603 * 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 1,649 759 890 192 % OD X. 479 279 200 118 82 1,170 480 690 74 616 2. Borrowings from dealers 3/ 3. Net loans \ 1,190 785 4o6 96 85 11 1,095 700 395 25 25 2/ Federal funds loaned, net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject to resale) or other lending arrangements. 2/ 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. 380 11 l/ Derived from averages for inddLvidual 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 banks. Similarly, gross sales less 2-way transactions equals net sales of net selling banks. * v. » y B. Related transactions with U. S. Government securities dealers 1; Loans to dealers 2/ X 370 < v V v