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For immediate release June 30, 1967 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended June 21, 1967 (in millions of dollars unless otherwise noted) k6 banks 8 banks in 38 banks out5 banks 33 other New York City side New York in Chicago btrnkfl Reserve excess or deficiency (-) 1/ 19 8 11 - 2 Ik Less: Borrowings from Reserve Banks 65 25 40 9 31 2,5 M 922 1,622 372 1,250 -2,590 -939 -1,651 -382 -1,267 2h.l 21.0 26.4 37-0 24.3 Less: Net interbank Federal funds purchases or sales (-) 2/ Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves l/ 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 June 21, 1967 (in millions of dollars) 46 banks 33 other 38 banks out- 5 banks 8 banks in 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 l/ 4,106 1,562 1,669 747 2,437 815 573 200 1,865 615 1,462 747 715 193 522 922 1,722 379 1,343 100 7 93 3. Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 2,644 . 100 2,544 922 1,622 372 1,250 1,675 1,159 516 43 473 73 73 1,602 1,086 B. Related transactions with U. S. Government securities dealers 1*. Loans to dealers 2/ 2. Borrowings from dealers 3. Net loans - - - - 516 43 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 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. 473
@FedFRASER