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isnsiir^i j For immediate release February 3, 1967 Reserve Positions of Major Reserve City Banks Reserve Period Ended January 25, 1967 (in millions of dollars unless otherwise noted) ' 46 banks . 8 banks in 36 banks outNev York Citv slde Nev York 5 banks 33 other In A n ITA .Reserve excess or deficiency (-) \J 49 2 2 27 5 23 Less: Borrowings from Reserve Banks 396 -7 396 244 151 440 1 , 3 9 8 312 1 , 0 8 6 - 2 , 1 8 6 - 4 1 9 - 1 , 7 6 7 - 5 5 2 - 1 , 2 1 5 2 0 . 9 1 0 . 0 2 8 . 2 5 5 . 8 23.1& Less: Net interbank Federal funds purchases or sales (-) g/ 1 , 8 3 9 ' Equals: Net basic reserve surplus ' or deficit (-)t %* Net amount ^ b. As per cent of average re/ quired reserves l/ 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, Hate: -- Averages of daily figures. r H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended January 25, 1967 (in millions of dollars) 8 banks in 36 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. Purchases b. Sales 2. Total 2-way transactions l/ 3,187 1,348 1,256 815 1,932 533 435 123 1,497 410 1,135 679 456 104 352 2,052 577 1,475 331 1,145 213 136 77 19 58 1,839 440 1,398 312 1,086 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 , 2,016 1,198 87 87 1,929 1,111 818 - - 818 19 — 19 l/ Derived from averages for individual banks for entire"weekr 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 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. 799 799
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