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<o mmmsfm P ••f**TSEn g l D g l ,..i -M1IM.J.IWWU1M Hl.li|Wj|l.UL,i J i i S i s \ y i f mmmmmmm For immediate release >• March 24, 1967 Reserve Positions of Major Reserve City Banks Reserve Period Ended March 15, 1967 H.5 ( i n millions of dollars unless otherwise noted) 5 banks 33 other 8 banks in 38 banks outk6 banks Nev York City side Nev York in Chicago banks Reserve excess or deficiency ( - ) l / 45 22 23 4 19 Less: Borrowings from Reserve Banks 72 61 12 • T" 12 1,254 1,047 242 805 -2,329 -1,293 -1,036 -238 -798 22.6 31.0 16.9 24.6 $5.5 Less: Net interbank Federal funds purchases or sales ( - ) g / 2,301s, 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 i/ 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 deficiencies. 2/ For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. Note: — Averages of daily figures. 'H.5(a) t Federal Funds t r a n s a c t i o n s of Major Reserve City Banks f o r t h e Week Ended March 15, IQ67 ( i n millions of d o l l a r s ) y 46 banks > > 8 banks i n 38 banks out- 5 banks 33 other j New York City side New York i n Chicago banks Interbank Federal funds transactions 1 1. Gross t r a n s a c t i o n s i / / a. b. f i Purchases Sales 2. Total 2-way t r a n s a c t i o n s 1/ 3,679 • l,74o 486 1,939 1,378 892 226 1,138 486 652 217 3« Total net t r a n s a c t i o n s a. b. ir ' c. Net purchases of net buying banks Net sales of net s e l l i n g banks Net purchases or s a l e s (-) 1,471 ! 666 [ 434 | i i! Q?' . 2,541 1,254 1,287 250 i 1,037 Z 2. Borrowings from d e a l e r s 3 / 3« Net loans 24o 24o 9 232 2,301 1,254 1,047 242 605 1,600 957 643 6 637 78 78 1,522 879 - - • 643 6 i n d i c a t e s extent t o which i t s weekly average purchases and s a l e s are o f f s e t t i n g ; t h a t 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 s a l e s l e s s 2-way t r a n s a c t i o n s equals net s a l e s of net s e l l i n g banks. funds loaned, net funds supplied t o each dealer by c l e a r i n g banks, 'P Federal repurchase agreements (purchases of s e c u r i t i e s from d e a l e r s subject t o r e s a l e ) or other lending arrangements. <2/ Federal funds borrowed, net funds acquired from each d e a l e r by c l e a r i n g banks, v reverse repurchase agreements ( s a l e s of s e c u r i t i e s t o d e a l e r s subject t o repurchase), r e s a l e agreements, and borrowings secured by Gov't, or other i s s u e s . L [Note: — Averages of d a i l y f i g u r e s . v I ! B. Related t r a n s a c t i o n s with U. S. Government s e c u r i t i e s dealers 1*. Loans t o d e a l e r s 2 / ' 468 ^ ^0 ' ~ - - 637 ;
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