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FEDERAL statistical RESERVE release For immediate release February 11, 1966 Deserve Positions of Major Reserve City Banks Reserve Period Ended February 2, 1966 y- ( i n millions of d o l l a r s unless otherwise noted) k6 tanks 8 banks i n 38 banks out5 banks 33 other lew York City side lew York i n Chicago banks Reserve excess or deficiency ( - ) 1 / 19 5 l4 5 9 lass: 91 10 81 4i 40 767 82 686 373 313 -839 -87 -753 -U08 -344 8.5 2.2 12.7 41.1 7-0 Borrowings f r e e Reserve Banks I * s s : l e t interbank Federal funds purchases or s a l e s ( - ) 2 / Equals: l e t b a s i c reserve surplus or d e f i c i t ( - ) : rr a* l e t amount h. As per cent, of average r e quired reserves ( 1/ Reserves held a f t e r a l l adjustments applicable t o the reporting 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. Motet — Averages of d a i l y f i g u r e s . I r v H.5(a) Federal Funds Transactions of Major Reserve City Banks f o r the Week Ended February 2, 1966 ( i n millions of d o l l a r s ) lf6 banks 8 banks i n 38 banks out- 5 banks 33 other Hew York City side Hew York i n Chicago banks 1 t A. Interbank Federal funds transactions 1. Gross t r a n s a c t i o n a. b. Purchases Sales 2. Total 2-way t r a n s a c t i o n s l / 2,699 1,932 1,180 1,099 1,519 833 498 125 1,021 708 ' 1,276 621 656 111 545 > 3« Total net t r a n s a c t i o n s »• b. c. Vet purchases of net buying banks Met s a l e s of net s e l l i n g banks l e t purchases or sales (-) 477 1 1,423 560 863 387 656 478 178 l4 163 . 767 82 686 373 313 ' 1,040 755 284 23 26l < 69 63 6 - - 6l 971 693 278 B. Related t r a n s a c t i o n s with V. S. Government s e c u r i t i e s dealers 1 . Loans t o d e a l e r s 2 / 2 . Borrowings from d e a l e r s 3 • Met loans 23 l/ Derived f r a n arrearages f o r individual "banks f o r e n t i r e week* Figure f o r each tank Indicates extent t o which i t s weekly average purchases and s a l e s are o f f s e t t i n g ; t h a t is# i t i s t h e 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 n e t purchases of net buying banks. Similarly, gross s a l e s l e s s 2-way t r a n s a c t i o n s equals net s a l e s of net s e l l i n g banks. 2/ Federal funds loaned, net fluids 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 d e a l e r s subject t o r e s a l e ) or other lending arrangements. 2/ Federal funds borrowed, net funds acquired from each dealer by c l e a r i n g 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 ), r e s a l e agreements, and borrowings secured by Gov't* or other i s s u e s . *c*e; — Averages of d a i l y f i g u r e s , 255
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