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< » y •f<4LRE^V"* For immediate release September 22, 1967 z H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended September .13, 1967 (in millions of dollars unless otherwise noted) 8 hanks in 38 hanks out- 5 banks 33 other 46 hanks New York City side Nev York in Chicago banks Reserve excess or deficiency (-) 1/ 43 Less: Borrowings from Reserve Banks 7 Less 2 Net interbank Federal funds purchases or sales (-) 2/ 16 - - 27 7 8 20 7 — — 1,784 876 908 -228 1,136 -1,747 -860 -888 235 -1,123 16.5 20.3 14.0 23.4 21.1 Equals: Net basic reserve surplus or deficit (-): «l. Net amount b. As per cent of average required reserves r 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. Mote: — Averages of daily figures. <4 aOV») Federal Funds transactions of Major Reserve City Banks for the Week Ended September 13, 1967 (In millions of dollars) ti banks in 30 banks out46 banks New York City side New York 5 banks 33 other in Chicago Interbank Federal funds transactions T* 1. Gross transactions \ a. Purchases b. Sales 2. Total 2-way transactions l/ > 3,574 1,790 1,360 485 2,214 1,306 396 624 1,818 682 1,423 422 1,001 396 605 V V 2,151 938 1,213 1,213 2. Borrowings from dealers 2/ 3. Net loans =i v > 367 63 304 228 77 * 1,784 876 908 -228 1,136 ^ m Related transactions with U. S. Government securities dealers 1*. Loans to dealers 2/ v > 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) v y 2,032 1,234 797 70 66 4 1,962 1,168 794 31 766 4 ^ v V 31 762 r —— xuu4.fj.uuw. uou&d j-ux cuuxxe wees. figure ror eacn oani 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 tanks. 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 hanks, repurchase agreements (purchases of securities from dealers subject to resale) or other lending arrangements. HJ 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. '1
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