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FEDERAL statistical » H.5 RESERVE release For immediate release December 9, 1966 Reserve Positions of Major Reserve City Banks Reserve Period Ended November 3D, 1966 i- (In millions of dollars unless otherwise noted) r i > 46 banks Reserve excess or deficiency (-) 1/ 8 banks in 38 banks out5 banks 33 other New York City side New York 1n Chicago hftnkft 78 30 47 4 44 less: Borrowings from Reserve Banks 232 90 142 11 130 less: Net interbank Federal funds purchases or sales ( - ) 2/ 731 -75 80b 508 298 -885 15 -900 -516 -385 8.8 .4 14.8 54.7 7.5 Equals: Bet basic reserve surplus or deficit (-); Net amount b. * As per cent of average required reserves 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. Notei ~ Averages of daily figures. L V H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended November 30, 1966 (in millions of dollars) 46 banks 8 banks in 38 banks out- 5 banks 33 other New York City side New York in Chicago banks A. Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 3,036 2,305 1,083 1,157 1,953 1,147 675 167 1,278 980 1,425 705 720 143 577 1,611 378 1,233 532 701 880 453 428 24 403 731 -75 806 508 298 15 143 3» Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) B. Related transactions with U. S. Government securities dealers • 1*. Loans to dealers 2/ 512 355 157 2. Borrowings from dealers 3 / 144 128 16 3. Net loans 368 227 l4l - - 15 Derived from averages for individual banks for entire week. Figure for each bank 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 hanks, 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 repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Note: — Averages of daily figures. 16 126
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