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For immediate release December 15, 1967 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended December 6, 1967 (In millions of dollars unless otherwise noted) 46 banks 8 banks in 38 banks out5 banks 33 other New York City side New York in Chicago banks Reserve excess or deficiency (-) 1/ 44 30 14 Less: Borrowings from Reserve Banks 21 - - 21 Less: Net interbank Federal funds purchases or sales (-) 2/ 3 11 21 - - 506 98 408 -162 571 -484 -68 -416 166 -582 4.4 1.5 6.3 15.4 10.5 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 December 6, 1967 (In millions of dollars) 46 banks 8 b6nks in 38 banks out- 5 banks 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 l/ 2,780 2,273 1,052 954 1,727 1,319 312 475 1,415 844 1,513 693 820 251 569 1,267 359 908 62 846 760 261 499 224 275 506 98 408 -162 571 1,611 963 648 15 633 77 77 1,534 885 3. Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) B. Related transactions with U. S. Government securities dealers 1*. Loans to dealers 2/ 2. Borrowings from dealers 3* Net loans — - - 648 15 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. 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 dally figures. 633
@FedFRASER