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For immediate release May 12, 19&7 H.5 Reserve Positions of Ma.1cr Reserve City Banks Reserve Period Ended May 3, 19&7 (In millions of dollars unless otherwise noted) U6 banks Reserve excess or deficiency ( - ) l/ Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales ( - ) 2/ 5 banks 33 other 38 banks out8 banks in New York City side New York in Chicago banks 2 6 60 21 39 1,035 262 773 -1,092 -286 -806 17.3 27.2 15-3 33 29 h 100 39 - i 1,716 681 -1,783 -692 16,6 15-7 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves 1 1 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 May 3, 1967 (In millions of dollars) 46 banks 8 banks in 38 banks out- 5 banks 33 other ' New York City side New York in Chicago banks > A. Interbank Federal funds transactions > V V 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3,124 1,407 1,292 611 1,832 797 497 235 1,335 561 v l,28l 611 670 212 458 > 3» Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales I V V 1,843 681 1/162 285 876 * 127 23 103 > 1,035 262 773 i (-) 127 1,716 - - 681 * B. Related transactions with U. S. Government securities dealers 1*. Loans to dealers 2/ 2. Borrowings from dealers jJ 3. Net loans r 1,662 931 66 66 1,596 865 731 713 19 V " . 731 19 : 713 V > V 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 hanks, repurchase agreements (purchases of securities from dealers subject to resale) or other lending arrangements. 5/ 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: — A v e r a g e s of daily figures.
@FedFRASER