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FEDERAL

of GOVfr

statistical

RESERVE

release
For immediate release
December 8, 1967

H.5

Reserve Positions of Major Reserve City Banks
Reserve Period Ended November 2.9, 1967
(in millions of dollars unless otherwise noted)

46 banks

8 banks in 38 banks outNew York City side New York

5 banks 33 other

Reserve excess or deficiency (-) 1/

84

35

49

48

Less: Borrowings from Reserve Banks

48

8

40

40

208

-233

441

-77

518

-172

260

-432

77

-509

1.6

5.9

6.6

7.3

9.4

Less: Bet 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

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 29, 1967
(in millions of dollars)

U6 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 l/

2,543
2,334

874
1,107

1,669
1,227

315
392

1,353
835

1,400

618

783

267

516

1,143

257

886

48

838

934

489

445

125

320

208

-233

441

-77

518

1,328

822

506

65

65

1,263

757

3* Total net transactions
a.
b.
c.

Net purchases of net
buying banks
Net sales of net
selling "banks
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

- -

--

—

506

—

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 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.



506

506