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FEDERAL statistical RESERVE release H.5 Reserve P o s i t i o n s of Major Reserve City Reserve Period Ended December 7โ 1966 For immediate r e l e a s e December 16, 1966 ( i n m i l l i o n s of d o l l a r s unless otherwise noted) 46 banks 8 banks i n 38 banks outNew York Citv side New York Reserve excess or d e f i c i e n c y ( - ) i j 30 20 10 Less: 85 - - 85 Borrowings from Reserve Banks 1,235 455 9 85 - - 776 417 360 . 1 I a s s : Net interbank Federal funds purchases or s a l e s ( - ) 2 / 5 banks 33 other -852 -4l6 -436 10.5 13.9 43.6 8.4 Equals: Net b a s i c reserve surplus or d e f i c i t ( - ) : Net amount b. As per cent of average r e quired reserves -1,287 12.5 A/ Reserves held a f t e r a l l adjustments applicable t o t h e r e p o r t i n g period l e s s t h e sum of required reserves and carryover reserve d e f i c i e n c i e s . 2/ For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. Note: โ Averages of d a i l y f i g u r e s . H.5(a) Federal Funds transactions of Major Reserve City Banks f o r the Week Ended December J, 1966 ( i n millions of d o l l a r s ) 46 banks 8 banks i n 38 banks out- 5 banks 33 other" New York City side New York i n Chicago banks . A. Interbank Federal funds transactions f 1. Gross t r a n s a c t i o n s Purchases Sales 2. Total 2-way t r a n s a c t i o n s l / 3,034 1,803 l,26l 806 1,773 997 579 162 1,195 * 1,415 735 679 150 530 1,620 526 1,094 429 665 389 71 318 12 1,231 455 lf\ 00 a. b. A 3. Total net t r a n s a c t i o n s a. b. c. Net purchases of net buying banks Net sales of net s e l l i n g banks Net purchases or sales (-) 776 . 417 305 V , 360 4 B. Related transactions with U. S. Government s e c u r i t i e s dealers 4 V 1". Loans t o dealers 2/ 732 472 260 2. Borrowings from dealers j J 204 178 26 3. Net loans 528 294 234 4 - - 4 l/ Derived from averages f o r indiLvidual banks f o r e n t i r e week. Figure f o r each bank indicates extent t o which i t s weekly average purchases and sales are o f f s e t t i n g ; t h a t i s , i t i s the l e s s e r of the two amounts. Gross purchases l e s s 2-way t r a n s actions equals net purchases of net buying "banks. Similarly, gross sales l e s s 2-way t r a n s a c t i o n s equals net sales of net s e l l i n g banks. 2/ Federal funds loaned, net funds supplied t o each dealer by c l e a r i n g banks, repurchase agreements (purchases of s e c u r i t i e s from dealers subject t o r e s a l e ) or other lending arrangements. 2/ Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements ( s a l e s of s e c u r i t i e s t o dealers subject t o repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Note: โ Averages of d a i l y f i g u r e s . 256 26 ยป 230 *