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of GOVfr RESERVE FEDERAL statistical release For immediate release October 9, 1967 ' H.5 Reserve Positions of Major Reserve City Reserve Period Ended September 27, 1967 (in millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) j/ 3 Less: Borrowings from Reserve Banks 13 Less: Net interbank Federal funds purchases or sales (-) 2/ S banks la 38 banks outNew York City side New York 13. -9 - - 13 5 banks 33 other 2 -12 13 1,090 70 1,019 -22 k 1,243 -1,100 -58 -1,042 226 -1,268 10.1 1.3 16.1 21.2 23.4 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. 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. Mote: — Averages of dally figures. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended September 27, 1967 (in millions of dollars) 8 banks in 30 banks out- 5 banks 33 other 46 banks New York City side New York in Chicago banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 3,265 2,176 1,009 938 2,257 1,237 324 548 1,932 2. Total 2-way transactions l/ 1,609 676 933 324 609 1,656 333 1,323 567 263 304 224 80 70 1,019 -224 1,243 1,638 837 802 36 765 61 61 1,578 776 689 3« Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 1,090 • 1,323 B. Related transactions with U. S. Government securities dealers 1*. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans - - 802 - - 36 1/ Derived from averages for individual hanks for entire week. Figure for each hank 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. 765
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