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For immediate release July 21, 1967 Reserve Positions of Major Reserve City Banks Reserve Period Ended July 12, 1967 (in millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) l/ Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales ( - ) 2/ 101 2 8 banks in 38 banks out5 banks 33 other New York City side New York in Chicago banks 63 __ 38 5 33 2 2 2,269 986 1.283 367 917 -2,170 -923 -1.247 -362 -886 Equals: Net basic reserve surplus or deficit (-): &. Net amount b. As per cent of average required reserves 20.5 21.4 19.8 35.4 16.8 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 12, 1967 (In millions of dollars) 8 banks in 38 banks out- 5 banks 33 other k6 banks New York City side New York in Chicago banks A. Interbank Federal funds transactions 1. Gross transactions 3,847 1.577 1.719 733 2.128 845 557 190 1.571 654 2. Total 2-way transactions 1/ i 1.345 1 3* Total net transactions i 625 720 190 530 1.094 1.408 367 1.042 108 125 986 1.283 292 9 283 292 9 283 a. Purchases b. Sales ! a. Net purchases of net 1 2.502 buying banks b. Net sales of net ' 232 selling banks c. Net purchases or sales I 2.269 (-) B. Related transactions with U. S. Government securities dealers 125 367 1 l; Loans to dealers 2/ 916 624 2. Borrowings from dealers Jj 101 101 3« Net loans 814 523 1/ Derived from averages for individual "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. 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. 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. 917
@FedFRASER