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FEDERAL RESERVE release f^AL Rt^ For immediate release September 29, 1967 ; h.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended September 20, 1967 * (In millions of dollars unless otherwise noted) / 8 banks in 38 banks out- 5 hanks 33 other 46 tanks New York City side New York in Chicago tanks Reserve excess or deficiency (-) 1/ 25 18 7 Less: Borrowings from Reserve Banks 56 21 35 1,767 671 1,095 -195 1,291 -1,798 -674 -1,123 193 -1,316 16.7 15.5 17.5 18.4 24.6 Less: Het interbank Federal funds purchases or sales (-) 2/ - 3 10 35 — Equals: Net "basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves '. 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. /- J n- V / y v i H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended September 20, 1967 (in millions of dollars) 8 banks in 36 banks out- 5 banks otherv 46 banks New York City side New York in Chicago 33 banks A. Interbank Federal funds transactions > > 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions l/ 3,596 1,829 1,355 684 1,445 602 2, 241 l, 146 350 545 843 339 1,892 601 504 V V 3» Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) > 2,151 753 384 82 1,398 1 0 1,388 > 2 0 5 97 > - 1 9 5 1,291 ' v 1,767 6 7 1 3 0 2 1,095 B. Related transactions with U. S. Government securities dealers 1". Loans to dealers 2/ 2. Borrowings from dealers jJ 3. Net loans v r 1,964 1,071 51 51 1,913 1,020 893 75 - 893 8 1 8 v - 75 8 1 8 " 1/ 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 beaks, repurchase agreements (purchases of securities from dealers subject to resale) or other lending arrangement s. jJ 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 dally figures. V
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