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FEDERAL statistical RESERVE release For immediate release November 17, 1967 Reserve Positions of Major Reewnre City Banks Reserve Period Ended November 8, 1967 (in millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) 1/ 45 Less: Borrowings from Reserve Banks 49 Less: Net interbank Federal funds purchases or sales (-) %] 1,272 8 banks in 36 banks out5 banks 33 other New York City side lev York In Chicago banks 27 299 18 2 16 49 10 39 973 27 946 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves -1,276 -271 -1,004 -35 -970 11.6 6.2 15.2 3.2 17.6 A/ 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) % r # Federal Funds transactions of Major Reserve City Banks for the Week Ended November 8, 1967 (in millions of dollars) A. Interbank Federal funds transactions * k 8 banks in 38 banks out- 5 banks 33 other '* k6 banks New York City side New York in Chicago banks » *1 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ *> 2,935 1,663 985 686 1,949 977 367 340 1,583 637 * 1,381 539 842 288 553 f 1,554 446 1,108 78 1,029 » 282 147 135 52 83 1,272 299 973 27 3* Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 2. Borrowings from dealers 3/ 3. Net loans 4 e 1,507 877 77 77 1,430 800 630 17 - - 630 17 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. jJ 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. 946 • ri B. Related transactions with U. S. Government securities dealers r. Loans to dealers 2/ • 613 , f 613 + f %r > > N t
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