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For immediate release November 24, 1967 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended November 15, 1967 (in millions of dollars unless otherwise noted) 46 banks 8 banks in 38 banks out5 banks 33 other New York City side New York in Chicago b«^vs Reserve excess or deficiency (-) l/ 44 22 21 Less; Borrowings from Reserve Banks 90 36 54 54 1,170 312 858 858 1,217 -326 -891 -i -890 11.3 7.7 13.7 .i 16.4 less: Het interbank Federal funds purchases or sales (-) 2/ -i 23 Equals: Net basic reserve surplus or deficit (-): N a. b. Net amount As per cent of average required reserves 1/ 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) I X Federal Funds transactions of Major Reserve City Banks for the Week Ended November 15, 1967 (in millions of dollars) 46 banks A. Interbank Federal funds transactions 0 banks in 33 banks out 5 banks 33 other New York City side New York in Chicago banks "4 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 2,761 1,591 967 655 1,795 936 333 333 1,461 603 1,354 605 748 291 457 1,408 362 1,046 42 1,004 238 50 188 42 146 1,170 312 858 1,343 753 590 12 578 82 82 1,260 670 590 12 578 3« Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 858 B. Related transactions with U. S. Government securities dealers 1". Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 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 hanks. 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. 1/ Federal funds borrowed, net funds acquired from each dealer toy clearing banks, reverse repurchase agreements (sales of securities to dealers subject to repurchase), resale agreements, and borrowings secured toy Gov't, or other issues. Note: — Averages of dally figures.