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H.5 For immediate release August 5, 1966 Reserve Positions of Major Reserve City Banks Reserve Period Ended July 2f, 1966 (in millions of dollars unless otherwise noted) 46 banks 8 banks in 38 banks out- 5 banks 33 othei New York City side New York in Chicago banks Reserve excess or deficiency (-) l/ 66 49 17 - 7 Less: Borrowings from Reserve Banks 268 16 252 16 1,159 310 849 Less: Net interbank Federal funds purchases or sales (-) 2/ 265 24 236 583 Equals: Net "basic reserve surplus or deficit (-): •* 13 .4 1 b. As per cent of average required reserves -1,360 CM a. Net amount 6.8 -1,084 -288 -796 17.7 28.8 15.6 ]J 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) Federal Funds transactions of Major Reserve City Banks for the Week Ended July 2J, 1966 (in millions of dollars) 8 banks in 38 banks out- 5 banks 33 other 46 banks New York City side New York in Chicago banks A. Interbank Federal funds transactions 1 "\ Y 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions l/ 690 418 153 1,121 537 502 509 142 367 1,664 634 1,030 276 754 506 324 181 11 1,159 310 849 265 2,675 1,516 1,136 826 1,539 1,011 y 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 171 583 B. Related transactions with U. S. Government securities dealers 1/ • 1*. Loans to dealers 2/ 455 307 148 2. Borrowings from dealers 3/ 174 120 55 3- Net loans 281 187 94 Derived rrom averages ior jjquaviuuiu ^ --=— 143 5 8 9Z 5 ~ 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. 3/ Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements (sales of securities to dealers subject to repur chase), resale agreements, and borrowings secured by Gov't, or other issues. 4 55 _i. 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. Note: -- Averages of daily figures. ' 4
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