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For immediate release January lU, 1966 Reserve Positions of Major Reserve City Banks Reserve Period Ended January 5, 1966 (in millions of dollars unless otherwise noted) f * 1 * 'i Reserve excess or deficiency (-) 1/ 49 Less: Borrowings from Reserve Banks 316 less* Net interbank Federal funds ^ „ purchases or sales (-) 2/ 8 "banks in 38 "banks out- 5 "banks 33 oth< Hew York City side New York in Chicago "banks 2b 25 2 23 170 145 35 111 l,l46 639 507 172 335 -1,413 -786 -627 i1 L k6 "banks 13.6 18.5 10.2 19.2 Equals: Bet basic reserve surplus or deficit (-): I1 > a. Bet amount vV "b. As per cent of average required reserves 8.3 ^ l/ Reserves held after all adjustments applicable to the reporting period less the sua of ' required reserves and carryover reserve deficiencies. F % 2/ For details see Federal Funds Transactions of Major Reserve City Banks. 'Rote: — Averages of daily figures. r- r r H.5(a) Federal Funds Transactions of Major Reserve City for the Week Ended January 5, 1966 (In millions of dollars) 46 banks 8 banks in I38 banks out- 5 banks 33 other Hew York City sideflewYork in Chicago A. Interbank Federal funds transactions 1. Areas transactions 2. Total 2-way transactions 1/ iSs CVJ H a. Purchases b. Sales - 1,147' 507 1,108 602 310 138 & 981 458 523 338 385 1,274 689 585 172 433 128 . 49 79 1,146 639 507 172 925 783 142 36 95 66 29 829 717 113 3* Total net transactions a. Set purchases of met buying banks b. Net sales of net selling banks c. Set purchases or sales (-) 79 . 335 B. Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers Jjj 3« Met loans -s, " 29 36 76 ***» wsnHpg i w amiTiouaj. Danes ror entire week. Figure for each heal 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 trans* actions equals net purchases of net buying hanks. 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 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 Gov't, at other issues. Vote: — Averages of daily figures. 106
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