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FEDERAL statistical RESERVE release rSuKES? For immediate r e l e a s e May 26, 1967 ' H *5 Reserve P o s i t i o n s of Major Reserve City Banks Reserve Period Ended May 17, 1967 • ( i n m i l l i o n s of d o l l a r s unless otherwise noted) 46 banks 8 banks i n 38 banks o u t 5 banks 33 other New York City side Nev York i n Chicago Reserve excess or d e f i c i e n c y ( - ) 1/ 23 13 10 Less: 82 36 46 2,131 864 1,267 191 1,076 -2,190 -887 -1,303 -195 -1,108 21.1 21.1 21.1 19. k 21.4 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2 / - 4 14 46 - - Equals: Net b a s i c r e s e r v e surplus or d e f i c i t ( - ) : a. Net amount b. As per cent of average r e quired r e s e r v e s 1/ >2/ Reserves held a f t e r a l l adjustments a p p l i c a b l e t o t h e r e p o r t i n g p e r i o d l e s s t h e sum of required r e s e r v e s and carryover reserve d e f i c i e n c i e s . For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. Note: — Averages of d a i l y f i g u r e s . I V 4 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 t h e Week Ended May 17, 1967 ( i n m i l l i o n s of d o l l a r s ) 46 banks 8 banks i n 38 banks o u t - 5 banks 33 other \ New 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 l / - 1,186 1,326 462 1,991 723 263 453 1,537 , 46l 1,130 462 668 26l 407 " 2,187 864 1,323 193 55 — — 55 2 2,131 864 1,267 191 1,076 1,335 695 64o 25 615 88 88 1,247 607 3,317 3- Total net t r a n s a c t i o n s a. b. c. Net purchases of net 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 (-) 1,130 <- 53 , ? 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 3- Net loans 1/ - - 64o V — 25 6.15 v Derived from averages f o r i n d i v i d u a l 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 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 net s a l e s of net s e l l i n g banks. v 2/ Federal funds loaned, net funds supplied t o each d e a l e r by clearing banks, 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. 1| ' -j jJ 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 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 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 . <