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For immediate release December 10, 19&5 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended December 1, 1965 (In millions of dollars unless otherwise noted) 46 tanks 4 1 T 8 "banks in 38 banks out- 5 banks 33 other Hew York City side Hew York in Chicago hanks Reserve excess or deficiency (-) 1/ 71 46 25 -2 28 Less: Borrowings free Reserve Banks 177 107 70 - - 70 550 295 256 -22 278 •656 -355 -301 20 -321 6.7 9.4 5-0 2.0 6.5 •Xiessi let interbank Federal funds , purchases or sales (-) 2/ Equals: let basic reserve surplus > or deficit (-); r a. Ret amount * "b. As per cent of average required reserves l/ Reserves held after all adjustments applicable to the reporting period less the sum of required reserves and carryover reserve deficiencies. • > 2j For details see Federal Funds transactions of Major Reserve City Banks. Rote: — Averages of daily figures. If V • y- - > V» H.5(a) Federal Funds Transactions of Major Reserve City Banks for the Week Ended December 1, 1965 (In millions of dollars) 8 banks in 38 banks out- 5 banks 33 other 116 banks Mew York City site Haw York in Chicago banks A. Interbank Federal funds transactions 1.flrw»traflftgttwi l,8o4 1,254 733 1,071 438 816 253 275 819 541 897 316 582 209 372 907 417 490 43 447 357 122 234 66 169 550 295 256 -22 278 1. Loans to dealers 2/ 983 746 236 5 232 2. Borrowings from dealers 5/ 102 55 47 3* Het loans 881 691 189 a. Purchases b. Sales 2. Total 2-vay transactions 1/ 3* Total met transactions a. Vet purchases of mat buying banks b. Bet sales of net selling banks e. Hat purchases or sales (-) B. Belated transactions with U. 8. Government securities dealers - - 5 l/ Derived from averages for individual "banks for entire week. Figure for each tank indicates extent to which its weekly average purchases and sales are offsetting) that is, it is the leaser of the two amounts. Gross purchases less 2-vay transactions equals net purchases of net "buying banks. Similarly, gross sales less : 2-vay 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. 2/ 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 Gov9to or other issues• Hote: — Averages of daily figures. 47 185
@FedFRASER