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For immediate release January 13, 1967 teserve Positions of Major Reserve City Banks Reserve Period Ended January 4,.1967 (in mil lions of dollars unless otherwise noted) 46 "banks 8 hanks in 38 hanks out5 hanks 33 other New York Citv side New York in Chicago "hnnlm Reserve excess or deficiency (-) 1/ 47 19 Less: Borrowings from Reserve Banks 433 201 232 138 93 1,588 945 643 324 319 Less! Net interbank Federal funds purchases or sales (-) g/ • Equals: Net "basic reserve surplus or deficit (-): Net amount -28.. <• "1,974 -1,128 -846 -462 -385 17.9 25.2 13.0 42.1 7.1 "b. As per cent of average required reserves i/ Reserves held after all adjustments applicable to the reporting period less the sua of required reserves and carryover reserve deficiencies. 2/ Par details see Federal Funds Transactions of Major Reserve City Banks. Note: Averages of daily figures. . . ;.' . y . • .. . , ... JViU . • \^V\- I'UB 90228 . / H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended January k, 1967 (in millions of dollars) 8 banks in 3d banks out- 5 banks 33 other New York City side New York in Chicago banks 46 banks A. Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2,740 1,152 2. Total 2-way transactions l/ 1,014 k 1,266 321 1,473 831 469 145 1,005 321 693 128 565 3. Total net transactions a. b. c. • Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (~) 1,726 % 1*. Loans to dealers 2/ 1,588 ^ 945 780 341 138 17 643 324 23 1,728 1,323 406 123 113 10 120 & 319 1,606 1,210 396 23 ,2/ 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. daily figures. • 382 10 indicates extent to vhich 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 hanks. Note;for—FRASER Averages of Digitized •439 • 2. Borrowings from dealers 3/ / ^ 945 138 B. Related transactions with U. S. Government securities dealers 3. Net loans 685 373
@FedFRASER