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FEDERAL RESERVE release For immediate release June 2, 1967 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended May 24, 1967 (In ffl-nnang of d o l l a r s unless otherwise noted) 5 banks 33 other 38 banks out8 banks i n 46 banks New York City side New York in Chicago banks Reserve excess or deficiency ( - ) l / Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales ( - ) 2/ - 30 16 22 — - k6 56 10 22 22 1,828 691 1,137 121 1,016 -1,881 -676 -1,205 -111 -1,094 18.1 16.3 19.4 11.4 20.8 Equals: Net b a s i c reserve surplus or d e f i c i t ( - ) : a. Net amount b. As per cent of average r e quired reserves 1/ 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 d e f i c i e n c i e s . 2/ For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. Mote: — Averages of d a i l y f i g u r e s . H.5(a) n Federal Funds t r a n s a c t i o n s of Major Reserve City Banks f o r t h e Week Ended May 24, 1967 ( i n m i l l i o n s of d o l l a r s ) 46 banks y 8 banks i n 38 banks o u t - 5 banks 33 other New York City side New York i n Chicago banks > 4 A. Interbank Federal funds transactions 1. Gross t r a n s a c t i o n s a. b. Purchases Sales 2. Total 2-way t r a n s a c t i o n s l / 3,355 1,527 1,332 64l 2,022 886 m 367 l,535 v 518 v 1,379 606 773 338 435; 3. T o t a l n e t t r a n s a c t i o n s a. b. c. < Net purchases of n e t buying banks Net s a l e s of net s e l l i n g banks Net purchases or s a l e s (-) 1,976 727 1,250 150 1,099 i 146 35 113 29 83; 1,828 691 1,137 121 1,016 ^ 1,224 647 577 4o 538 - B. Related t r a n s a c t i o n s with U. S. Government s e c u r i t i e s dealers lv Loans t o d e a l e r s 2 / 2. Borrowings from d e a l e r s j J 3. Net loans 71 71 1,154 577 - - - - - - 4o 577 538v V SSJ *» wu. a.-l v i u a»Y Cif^v o J. U i J.IIUXV X U U C V 1 U r y IIV P J. U i CiiO 1 1 C W C C a • P I g U I C 1 U I vOwJi I lMJi f I n d i c a t e s e x t e n t t o which i t s weekly average purchases and s a l e s are o f f s e t t i n g ; t h a t i s , i t i s t h e l e s s e r of t h e two amounts. Gross purchases l e s s 2-way t r a n s a c t i o n s equals net purchases of n e t buying "banks. S i m i l a r l y , gross s a l e s l e s s 2-way t r a n s a c t i o n s equals n e t s a l e s of net s e l l i n g banks. 2/ Federal funds loaned, net funds supplied t o each d e a l e r by c l e a r i n g hanks, repurchase agreements (purchases of s e c u r i t i e s from d e a l e r s s u b j e c t t o r e s a l e ) or other lending arrangements. 2/ Federal funds borrowed, n e t funds acquired from each d e a l e r by c l e a r i n g banks, reverse repurchase agreements ( s a l e s of s e c u r i t i e s t o d e a l e r s s u b j e c t t o r e p u r chase), r e s a l e agreements, and borrowings secured by G o v ' t , or o t h e r i s s u e s . Note: — Averages of d a i l y f i g u r e s .