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U1D mmtm IS If S ll IS \ v /(l Emm: For immediate release March 3, 1967 H.5 Reserve Positions of Major Reserve City Reserve Period Ended February 22, 1967 * <J A (Ba millions of dollars unless otherwise noted) 46 banks 8 banks in 38 banks out side- Nev York 5 banks 33 other Reserve excess or deficiency (-) 1/ less: Borrowings from Reserve Banks 'lass: Net interbank Federal funds purchases or sales (-) g/ r 1,850 529 1,321 375 946 •2,088 -676 -1,412 -379 -1,033 20.2 16.4 22.7 38.4 19.7 Equals: Ket basic reserve surplus or defieit (-)t z , Net amount 3*1 As per cent of average required reserves reportias Teri ? P For °i i " s «*.»<* stalls see Federal Funds Transactions of Major Reserve City Banks. Bote: — Averages of daily figures. ' . f r *Due to Wednesday holiday, some banks . chose six day basis in computing their reserve requirements rather than seven day period as presented in this table. & H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended February 22, 1967 (In millions of dollars) • 46 banks ti banks in 39 banks out- 5 banks 33 other New York City side New York in Chicago banks A. Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions l/ — - — — 3,069 1,220 1,192 664 1,877 556 545 170 1,332 ~ 386 1,111 653 457 137 321 3* Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) ' • 1,958 539 1,419 4o8 1,011 109 10 98 33 65 1,850 529 1,321 375 ^946 1,475 769 706 26 680 101 101 1,375 668 B. Related transactions with U. S. Government securities dealers It Loans to dealers 2/ 2. Borrowings from dealers 3. Net loans — — 706 — 26 680 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. 2/ 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.
@FedFRASER