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OII1E For immediate release January 27, 1967 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended January 18, 1967 (In millions of dollars unless otherwise noted) y 46 banks L • 8 banks in 38 banks out5 banks 33 other New York City side New York in Chicago bnnVg Reserve excess or deficiency ( - ) j / 25 16 9 Less: Borrowings from Reserve Banks 84 3 82 76 6 2,793 9to 1,853 470 1,383 -2,852 -927 -1,925 -548 -1,377 27.5 22.5 30.8 56.5 26.1& Less: Net interbank Federal funds purchases or sales ( - ) 2/ / - 2 Equals 1 Bet basic reserve surplus , or d e f i c i t ( - ) ; •u / •. b. / 2j t Net amount 1 As per cent of average r e quired reserves Reserves held a f t e r a l l adjustments applicable t o the reporting period l e s s the sum of required reserves and carryover reserve deficiencies. 1 / For d e t a i l s see Federal Funds Transactions of Major Reserve Oity Banks. y • Vote: — Averages of d a i l y f i g u r e s . I H.5(a) Federal Funds transactions of Major Reserve City Banks f o r the Week Ended January 3j8, 1967 ( i n millions of dollars) 6 banks in 30 banks out33 other 46 banks New York City side New York in5 banks Chicago banks A. Interbank Federal funds , transactions 6 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 4,106 1,313 1,090 „ 1,753 812 2,353 501 552 82 1,801 418 672 418 66 352 3* Total net transactions »• b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales H • 3,015 1,080 1,935 223 ito 83 2,793 940 1,853 470 2,033 993 1,040 35 1,006 75 75 —• — 1,959 918 35 1,006 ( 486 1,449 36 66 1,383^ B. Related transactions with > U. S. Government s e c u r i t i e s dealers 1*. Loans t o dealers 2/ 2. Borrowings from dealers 3 / 3« Net loans — —— 1,040 Figure f o r each hank indicates extent t o which i t s weekly average purchases and sales are o f f s e t t i n g ; that i s , i t i s the l e s s e r of the two amounts. Gross purchases l e s s 2-way t r a n s actions equals net purchases of net buying hanks. Similarly, gross sales less 2-way transactions equals net sales of net selling banks. 2/ Federal funds loaned, net funds supplied t o each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject t o resale) or other lending arrangements. J j Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements (sales of securities t o dealers subject t o repurchase), resale agreements, and borrowings secured by Gov't, or other issues. itate: — Averages of d a i l y figures. /