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For immediate release
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February 17, 1967
Reserve Positions of Major Reserve City ~R«n>a
Reserve Period Ended February 8, 1967
,t
(in millions of dollars unless otherwise noted)
46 banks
'
8 banks in 38 banks out5 banks 33 other
New York Citv side New York in Chicago bftnkfl
Reserve excess or deficiency (-) ]j
27
8
19
Less: Borrowings from Reserve Banks
270
64
2,o4i
-2,284
1/5 b s: Net interbank Federal funds
' purchases or sales ( - ) 2/
3
22
206
59
147
641
l,4oo
4l6
984
-697
-1,587
-478
-1,110
-
Equals: Net basic reserve surplus
or deficit (-)t
' a. Net amount
&
, b., As per cent of average required reserves
21.7
16.4
25.2
46.7
21.0
i/ Reserves held after all adjustments applicable to the reporting period less the sum of
required reserves and carryover reserve deficiencies.
%J For details see Federal Funds Transactions of Major Reserve City Banks.
tote: — Averages of daily figures.
"
/
,
'
-
• ;
•' H.5(a)
Federal Funds transactions of Major Reserve City Banks
for the Week Ended February 8, 1967
(In millions of dollars)
banks
banks
banks
' A. Interbank Federal funds
transactions
,'
1« Gross transaction*
a.
b.
,
Purchases
Sales
2» Total 2-way transactions 1/
.1,025
3,066
1,230
589
1,837
437
545
129
1,292
308
954
589
365
84
281
2,113
641
1,472
46l
1,011
72
45
3* Total net transactions
a.
Net purchases of net
buying banks
b. Net sales of net
selling banks
c. Net purchases or sales
»,
(")
72
A
%
27
-2,04l
64i
i,4oo
4l6
1,959
1,107
852
21
831
89
89
1,870
1,017
852
21
831
984
/ B. Related transactions with
/
U. S. Government securities •
dealers
'
/
1; Loans to dealers 2/
1
2. Borrowings from dealers 3/
3« Net loans
—
" 7^— —
U C U J I X D iw
cuuire weeK. figure ror each ban]
indicates extent to which its weekly average purchases and sales are offsetting:
ttiat 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.
4
'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 repur'
chase), resale agreements, and borrowings secured by Gov't, or other issues.
Digitized
Note;for—FRASER
Averages of
daily figures.
-
@FedFRASER