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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