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FEDERAL statistical RESERVE release For immediate release April 7, 1967 Reserve Positions of Major Reserve City Banks Reserve Period Ended March 2 9 , 1967 H. 5 (in millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency ( - ) l/ Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales ( - ) 2/ 122 89 8 banks in 38 banks out5 banks 33 other New York City side New York in Chicago banks 58 64 6 58 - - 89 86 3 2,484 1,124 1,360 343 1,017 -2,452 -1,067 -1,385 -423 -962 23.3 24.7 22.2 40.8 18.5 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. \ i i H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended March 29, 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 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3,707 1,222 1,599 474 2,108 748 533 189 1,575 559 1,082 474 608 181 427 2,624 1,124 1,500 352 1,148 140 9 131 3« Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 140 - - 2,484 1,124 1,360 343 1,017 1,828 882 946 23 923 46 46 1,782 837 B. Related transactions with U. S. Government securities dealers 1; Loans to dealers 2/ 2. Borrowings from dealers 3/ 3- Net loans — 946 23 indicates extent to which its weekly average purchases and sales are offsettings 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. 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. 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 daily figures. 923
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