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FEDERAL statistical RESERVE release ?f<AL R6^ For immediate release November 9, 1967 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended November 1, 1967 (in millions of dollars unless otherwise noted) banks 8 banks in 39 banks outNew York City side New York 5 banks 33 other hmnlrfl Reserve excess or deficiency (-) 1/ 31 17 15 3 n Less: Borrowings from Reserve Banks 16 5 11 mm mm n 549 73 476 -45 522 -534 -61 -473 49 -521 4.8 1.4 7.1 4.6 9.4 Less: Net interbank Federal funds purchases or sales (-) 2/ Equals: Net "basic reserve surplus or deficit (-): a. b. Net amount ' - As per cent of average re* ' quired reserves i/ 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 November 1, 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 4 1. Gross transactions a. Purchases b. Sales 2,532 1,983 897 824 1,636 1,159 289 335 1,346 825 2. Total 2-way transactions 1/ 1,402 586 816 257 558 9" 3« Total net transactions a. Net purchases of net buying banks b. Net sales of net selling hanks c. Net purchases or sales (-) I 1,131 311 820 32 788 581 ' 238 344 77 267 549 73 476 45 522 + B. Related transactions with U. S. Government securities dealers 1*. Loans to dealers 2/ 2. Borrowings from dealers 2/ 3- Net loans * • 1,680 1,002. 75 75 1,605 927 677 19 659 * # t 677 19 1/ Derived from averages for individual banks for entire veek. Figure for each bank indicates extent to which it5 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. 659 e t 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. HJ Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse ^repurchase agreement* (sales of securities to dealers subject to repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Note: -- Averages of daily figures. \ » r v
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