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FEDERAL statistical RESERVE release For immediate release May 19# 1967 Reserve P o s i t i o n s of Major Reserve City Banks Reserve Period Ended May 10, 1967 ( I n wiii.i.lens of d o l l a r s unless otherwise noted) k 46 banks Reserve excess or d e f i c i e n c y ( - ) l / Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2/ 5 banks 33 other 38 banks out8 banks i n New York City side New York i n Chicago banks 2 125 189 62 127 23 21 2 2,392 960 1,432 390 1,042 -2,226 -920 -1,307 -389 - 918 21.2 21.6 21.0 37.9 17.6 2 - - Equals: Net b a s i c reserve surplus or d e f i c i t ( - ) : ' v ' a. Net amount b. As per cent of average r e quired reserves 2J Reserves held a f t e r a l l adjustments applicable t o the r e p o r t i n g period l e s s t h e 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) F e d e r a l Funds t r a n s a c t i o n s of Major Reserve C i t y Banks f o r t h e Week Ended May 10, 1967 ( i n m i l l i o n s of d o l l a r s ) Y 46 banks 8 banks i n 38 banks o u t - 5 banks 33 othei New York C i t y s i d e New York in Chicago banks > 1 A. I n t e r b a n k F e d e r a l f u n d s transactions \ V 1. Gross t r a n s a c t i o n s a. b. Purchases Sales 2. T o t a l 2-way t r a n s a c t i o n s l / > 3,622 1,230 1,446 466 2,176 744 588 197 1,108 486 622 158 1,588- 547 \ 464/ v 3« T o t a l n e t t r a n s a c t i o n s a. b. c. Net p u r c h a s e s of n e t buying banks Net s a l e s of n e t s e l l i n g banks Net p u r c h a s e s or s a l e s (-) 2,514 960 122 2,392 960 1,554 4-30 1,124, 122 39 83; 1,432 390 1,042"" 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 / 2. Borrowings from d e a l e r s 3. Net l o a n s 1/ 2/ 2/ > V 1,424 747 63 63 1,361 684 677 10 -- -- 677 10 Derived from averages f o r i n d i v i d u a l t a n k s f o r e n t i r e week. Figure f o r each hank i n d i c a t e s e x t e n t t o which i t s weekly average purchases and s a l e s a r e offsetting; t h a t i s , i t i s t h e l e s s e r of t h e two amounts. Gross p u r c h a s e s l e s s 2-way transa c t i o n s e q u a l s n e t p u r c h a s e s of n e t "buying hanks. S i m i l a r l y , gross sales less 2-way t r a n s a c t i o n s e q u a l s n e t s a l e s of n e t s e l l i n g banks. F e d e r a l f u n d s loaned, n e t f u n d s s u p p l i e d t o each d e a l e r by clearing banks, repurchase agreements ( p u r c h a s e s of securities from d e a l e r s s u b j e c t t o resale) or o t h e r l e n d i n g arrangements. F e d e r a l f u n d s borrowed, n e t f u n d s a c q u i r e d from each d e a l e r by c l e a r i n g banks, r e v e r s e 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 s u b j e c t t o r e p u r c h a s e ) , r e s a l e agreements, and borrowings secured by G o v ' t , or o t h e r i s s u e s . Note: — Averages of d a i l y f i g u r e s . 667* t v 667^ >> v * > v v