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For immediate release October 12, 1967 H-5 Reserve Positions of Major Reserve City Banks Reserve Period Ended. October 4, 1967 (in millions of dollars unless otherwise noted) k6 banks Reserve excess or deficiency (-) l/ 83 Less: Borrowings from Reserve Banks 51 Less: Set interbank Federal funds purchases or sales (-) 2/ 8 banks in 38 banks out5 banks 33 other New York City side New York in Chicago banks 2k 58 -- 51 1 - - 57 51 877 3 87k -115 989 Equals: Net basic reserve surplus or deficit (-): a. Net amount -846 21 -867 116 -983 b. As per cent of average required reserves '7.6 .5 13.2 10.8 17.9 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 October 4, 1967 (in millions of dollars) 8 banks in 38 banks out- 5 banks 33 other 46 banks New York City side New York in Chicago banks A. Interbank Federal funds transactions 1. Gross transactions 2. Total 2-way transactions l/ 00 00 Purchases Sales CVI H a. b. 1,922 1,048 313 428 1,609 620 1,412 599 813 292 521 1,358 249 1,109 21 1,088 480 246 235 135 99 877 3 874 -115 989 1,615 913 702 34 668 79 79 1,536 834 3* Total net transactions a. Net purchases of net "buying banks b. Net sales of net selling "banks c. Net purchases or sales (-) B. Related transactions with U. S. Government securities dealers 1*. Loans to dealers 2/ 2. Borrowings from dealers 3« Net loans y — 702 " 34 Derived from averages for individual banks for entire week. Figure for each bank 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. 1/ 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. - - 668
@FedFRASER