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IS § S IE ® Xv/ i WWBBT For Immediate release February 24, 1967 H-5 Reserve Positions of Major Reserve City Banks Reserve Period Ended February 15, 1967 (in millions of dollars unless otherwise noted) 5 banks 33 other • k6 banks 8 banks in 38 banks outHew York City side Nev York in Chicago hfunVo Reserve excess or deficiency (-) 1/ 68 25 42 3 39 Less: Borrowings from Reserve Banks 285 136 150 108 42 2,160 869 1,291 375 916 -2,378 -979 -1,398 -480 -918 23.0 23.7 22.6 49.2 17.% Less: Het interbank Federal funds purchases or sales (-) 2/ Equals: Net basic reserve surplus , or defleit (-): 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. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended February 15, 1967 (in millions of dollars) c5: 0 banks in 30 banks out- 5 banks 33 other 46 banks 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/ 3,256 1,096 1,326 457 1,930 639 489 114 1,441 525 979 457 522 90 432 3* Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks ^ Net purchases or sales (-) • 2,277 869 118 ~Zyl60 869 B. Related transactions with U. S. Government securities dealers 1". Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 1,408 399 1,009 118 24 94 1,291 "375 ( — 1,551 857 84 84 1,467 774 694 -- 694 14 -- 14 2/ Federal funds loaned, net funds supplied to each dealer by clearing banks, 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. & , hi 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. Note: — Averages of daily figures. 916 679 -- 679