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FEDERAL -v RESERVE release •f^ALK For immediate release January 28, 1966 ,H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended January 19, 1966 (in millions of dollars unless otherwise noted) 46 hanks - 8 banks in 38 banks out5 banks 33 other Hew York City side Hew York i n Chicago banks Reserve excess or deficiency ( - ) 1/ 60 36 23 5 18 Less: Borrowings from Reserve Banks 93 66 26 17 9 1,858 902 956 292 66k -1,891 -932 -959 -304 -656 19.2 23.9 16.2 30.9 13.2 'Less: Het interbank Federal funds -> purchases or sales ( - ) 2/ Equals: l e t basic reserve surplus or d e f i c i t (-)? - a. Vet amount "b. 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 the sum of * required reserves and carryover reserve deficiencies. 2/ For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. Mote: - - Averages of daily f i g u r e s . 1.5(a) Federal Funds Transactions of Major Reserve City Banks . f o r the Week Ended January 19> 1966 ( i n millions of d o l l a r s ) 8 banks i n 38 banks out- 5 banks 33 other k6 banks New York City side Bew York In Chicago banks A. Interbank Federal funds transactions 1. Groys transactions a. b. Purchases Sales 2. Total 2-way transactions 1 / 3,220 1,362 1,621 ' 1,599 643 454 719 162 1,145 48l 1,258 719 539 132 407 1,961 902 1,060 322 738 104 30 74 3. Total net transactions a. b. c. Bet purchases of met buying banks Bet sales of net selling banks Set purchases or sales (-) io4 1,858 902 956 292 664 1,070 724 346 38 308 80 80 - - - - - - 990 644 346 38 308 B. Related transactions with U . S . Government s e c u r i t i e s dealers 1. Loans t o dealers 2/ 2 . Borrowings from dealers 5 / 3. Bet loans l/ Derived from averages f o r individual "banks f o r e n t i r e week. Figure for each tank 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 tvo 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 s e l l i n g hanks. 2/ f e d e r a l funds loaned, net funds supplied t o each dealer "by clearing "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), r e s a l e agreements, and borrowings secured by Gov't* or other i s s u e s . Mote: - - Averages of d a i l y f i g u r e s .
@FedFRASER