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i III - z ' \ : « c ' . f^LRt^. - ' ' m m m m w .m.. m*. ' xrnm ""'1' " ' imuwmwum • 1 For Immediate release » March 17, 196? Reserve Positions of Major Reserve City Banks Reserve Period Ended March 8, 1967 , ( i n millions of dollars unless otherwise noted) Reserve excess or deficiency ( - ) l / 1 0 -9 2 0 Less: Borrowings from Reserve Banks 8 2 13 6 8 797 1,H9 GO H VO 5 hanks 33 other 8 hanks in 38 hanks outU6 banks New York City side New York in Chicago banks -1,167 Less: Net interbank Federal funds purchases or sales ( - ) 2/ 1,915 16 4 - - 68 774 1 »• Net amount b. As per cent of average r e quired reserves - 1 , 9 8 6 1 9 . 3 1 Equals: Net "basic reserve surplus or d e f i c i t ( - ) : 1 9 . 6 19.1 - 3 4 2 - 8 2 6 35.3 1 6 . 0 9 ' , 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 deficiencies. 2/ For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. Note: — Averages of daily figures. L c- H.5(a) Federal Funds t r a n s a c t i o n s of Major Reserve City Banks f o r the Week Ended March 8, 1967 ( I n millions of d o l l a r s ) 46 hanks 38 banks out- 5 banks 33 other 8 banks i n Wev York City side New York i n Chicago banks 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 1/ 3,038 1,123 9 6 5 Net purchases of net b. Net sales of net s e l l i n g banks Net purchases or s a l e s (-) c. buying banks 1,744 433 6 2 6 88 1,311 537 498 467 76 392 797 1,277 358 919 158 13 145 St 774 ,V 3« Total net t r a n s a c t i o n s a. 1,294 498 2,073 158 1,915 797 1,119 345 1,505 862 644 25 6 1 9 79 79 1,427 783 644 25 6 1 9 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 1: 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 1/ Derived from averages f o r individual banks f o r e n t i r e week. Figure f o r each bank i n d i c a t e s extent 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 the two amounts. Gross purchases l e s s 2-way t r a n s actions equals net purchases of net buying banks. Similarly, 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 net 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 dealer 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 subject t o r e s a l e ) or other lending arrangements. 2/ Federal funds borrowed, net 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 subject t o repurchase), r e s a l e agreements, and borrowings secured by Gov't, or other i s s u e s . Note: — Averages of d a i l y f i g u r e s .
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