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I . •*n'Hini. oAwgBgWRw5• , [flu fig n ... _. j ) II IK \ V / 1 . „ I •; ] For immediate release March 31, 1967 He 5 Reserve Positions of Major Reserve City Banks Reserve Period Ended March 2 2 , . 1 9 6 7 (in millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) j/ 43 Less: Borrowings from Reserve Banks 219 less: Net interbank Federal funds purchases or sales (-) g/ 8 banks in 38 banks out5 banks 33 other Nev York Citv side Nev York In Chicago bfuiks 20 23 -1 24 192 27 - - 27 2,467 943 1,523 225 1,298 -2,643 -1,116 -1,527 -226 -1,302 24.8 25.3 24.4 21.5 25.O -V Equals; Net basic reserve surplus or deficit (-): Su Net amount b. As per cent of average required reserves i/ 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 figure?. & % H-5(a) Federal Funds transactions of Major Reserve City ^nire for the Week Ended March 22, 1967 (in millions of dollars) 8 banks in 46 banks New York City 38 banks out- 5 banks 33 other side New York •f n Chicago Ijfuilrg A. Interbank Federal fund* transactions ^ > , 1« Gross transactions a. Purchases b. Sales 2. Total 2-way transactions lj ^ 3,684 1,217 l,4io 467 2,273 750 464 239 1,809 511 1,049 467 582 210 ' 372 8,635 9^3 1,691 254 1,437 168 29 139 3« Total net transactions a - Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (•) 168 2,467 943 1,523 225 1,2986 1,881 888 992 12 981 92 92 1,788 796 B« Related transactions with U. S. Government securities dealers 1-. Loans to dealers 2/ 2. Borrowings from dealers 3* Net loans 992 - — *• — 12 981 1 ~r°—, — — — cuuxie ween, f igure ror eacn Dam 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 alaaring hanks, repurchase agreements (purchases of securities from dealers subject to resale) or other lending arrangement 8 • 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. * V
@FedFRASER