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FEDERAL illll statistical RESERVE release For immediate r e l e a s e June 12, 1967 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended May 31, 1967 (In millions of d o l l a r s unless otherwise noted) ' 46 banks ! 8 banks in 38 banks out5 banks 33 other New York City side New York in Chicago banks Reserve excess or deficiency ( - ) l / 1 69 40 29 Less: 56 - - 56 Borrowings from Reserve Pnaxs | Less: Net interbank Federal funds purchases or sales ( - ) 2/ Equals: Net basic reserve surplus or d e f i c i t ( - ) : a. Net amount b. As per cent of average r e quired reserves 26 3 56 ~ ~ 1,245 329 917 178 739 -1,233 -289 -944 -175 -769 "12.0 -7.0 15.4 17.4 15.0 ! 1 1/ Reserves held a f t e r a l l adjustments applicable t o the reporting period l e s s the sum of required reserves and carryover reserve d e f i c i e n c i e s . 2/ For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. Note: — Averages of d a i l y f i g u r e s . H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended May 31, 1967 (In millions of d o l l a r s ) — 46 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 t r a n s a c t i o n s a. b. Purchases Sales 2. Total 2-way transactions 1/ 2,807 1,562 1,038 709 1,770 853 427 249 1,343 6o4 i 1,245 506 738 2k9 490 ^ 532 1,031 178 853 > 203 114 329 917 178 739 < 1,124 6to 476 14 k62 , 57 57 1,067 591 462 , 3. Total net transactions a. b. c. Net purchases of net buying banks 1,563 Net sales of net 1 s e l l i n g banks 317 Net purchases or sales (-) i 1,245 B. Related transactions with U. S. Government s e c u r i t i e s dealers r . Loans t o dealers 2/ 2. Borrowings from dealers 3/ 3- Net loans -- 476 - - 14 1/ Derived from averages f o r individual banks f o r e n t i r e week. Figure f o r each bank indicates extent t o which i t s weekly average purchases and sales are o f f s e t t i n g ; that i s , i t i s the l e s s e r of the two amounts. Gross purchases l e s s 2-way t r a n s actions equals net purchases of net buying banks. Similarly, gross sales l e s s 2-way t r a n s a c t i o n s equals net sales of net s e l l i n g banks. 2/ Federal funds loaned, net funds supplied t o each dealer by c l e a r i n g hanks, repurchase agreements (purchases of s e c u r i t i e s from dealers subject t o resale) or other lending arrangements. 2/ Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements ( s a l e s of s e c u r i t i e s t o dealers subject t o repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Note: — Averages of d a i l y f i g u r e s .