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FEDERAL O? GOV*-* [fill RESERVE statistic For immediate release January 5, 1968 Reserve Positions of Major Reserve City Banks Reserve Period Ended December 27, 1967 (In millions of dollars unless otherwise noted) 46 banks 7 26 5 34 27 104 250 421 194 615 -773 -282 -491 202 -693 6.7 6.0 7.3 17.8 12.3 Reserve excess or deficiency (-) l/ 29 Less: Borrowings from Reserve Banks 131 Less: Net interbank Federal funds purchases or sales (-) 2/ 8 banks in 38 banks out5 banks 33 other New York City side New York in Chicago banks - 104 671 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves 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. Federal Funds transactions of Major Reserve City Banks for the Week Ended December 27, 1967 (In millions of dollars) A. 5 banks 33 othei in Chicago banks 8 banks in New York Citv 2,986 2,315 1,172 922 1,814 1,394 301 496 1,513 898 1,628 670 958 294 663 1,358 501 856 7 849 687 251 436 201 234 671 250 421 -194 615 1,598 1,208 390 390 111 100 11 11 1,488 1,108 379 379 Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3. Total net transactions a. b. c. B. 38 banks outside New York 46 banks Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 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 banks, repurchase agreements (purchases of securities from dealers subject to redale) or other lending arrangements. 3/ 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.
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