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FEDERAL

of G O V * .

ill!

statistical

RESERVE

release

For immediate release
December 22, 1967
Reserve Positions of Major Reserve City Banks
Reserve Period Ended December 13, 1967
(In millions of dollars unless otherwise noted)

46 banks

8 banks in 38 banks out5 banks 33 other
lew York City slde New York igJJhicago, bunks

Reserve excess or deficiency (-) \J

26

10

16

3

13

Less: Borrowings from Reserve Banks

56

2

54

- -

54

491

-160

651

-143

794

-520

168

-688

146

-835

4.8

3.8

14.1

15.3

l£ss: Net interbank Federal funds
purchases or sales (-) 2/
Equals: Net basic reserve surplus
or deficit (-):
a. Net amount
b. As per cent of average required reserves

10.6

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 December 13, 1967
(in millions of dollars)
d banks in 30 banks out- 5 banks 33 other
46 banks New York City
side New York in Chicago banks
A. Interbank Federal fund is
transactions
1. Gross transactions
a. Purchases
b. Sales
2. Total 2-way transactions 1/

2,710
2,219

905
1,066

1,805
1,154

280
423

1,524
730

1,352

626

727

254

473

1,358

280

1,078

27

1,051

867

440

427

170

257

491

-160

651

-143

794

1,433

979

455

1

453

92

92

1,341

887

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/
3* Net loans

- —

455

.

— —

1

4 jj a.
^ —
• Figure for each hank
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.
2/ 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.



— —

453