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FEDERAL RESERVE release ••sass^* For immediate release January 3, 1966 Reserve Positions of Major Reserve City ***** Reserve Period Ended December 22, 1965 *- H.5 ( I n millions of d o l l a r s unless otherwise noted) LK 46 banks Reserve excess or d e f i c i e n c y ( - ) 1 / • Less: Borrowings f r c o Reserve Banks Less: l e t interbank Federal funds - purchases or s a l e s ( - ) 2 / , ( f 4o 21 19 -4 23 87 66 22 - - 22 1,752 1,080 671 97 574 -1,800 -1,125 -674 -101 -573 17-7 27.4 11.1 9.8 11.4 Equals: Set b a s i c reserve surplus or d e f i c i t ( - ) : l/ > ^ 2/ a. Bet amount b. As per cent of average r e quired reserves Be serves held a f t e r a l l adjustments applicable t o t h e 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 . For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. v .Note: — Averages of d a i l y f i g u r e s . *»• Lv U r^ 1 8 "banks i n 38 banks o u t 5 banks 33 other Hew York City side Hev York i n Chicago banks H.5(a) Federal Funds Transactions of Major Reserve City Banks f o r t h e Week Boded December 22, 1965 ( i n millions of d o l l a r s ) 1*6 banks 8 banks i n 38 banks out- 5 hanks 33 other New York City side New York In Chicago hanks A. Interbank Federal funds transactions a. b. Purchases Sales 2. Total 2-way t r a n s a c t i o n s 1 / 3,068 1,317 l ' S 1,440 768 256 1,087 513 1,199 548 651 235 415 1,869 1,080 789 118 671 118 20 97 3* Total net t r a n s a c t i o n s a. b. c. Net purchases of net buying hanks Net s a l e s of net s e l l i n g banks Net purchases or s a l e s (-) 118 1,752 1,080 671 97 574 1,050 829 221 28 193 2 . Borrowings from dealers j / 107 77 29 16 14 3* Net loans 943 752 192 13 179 B. Belated t r a n s a c t i o n s with U. 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 / l/ Derived from overages f o r individual "banks f o r e n t i r e week. Figure f o r each hank 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 i s , i t i s t h e l e s s e r of t h e two amounts. Gross purchases l e s s 2-way t r a n s actions equals n e t purchases of net buying hanks. Similarly, gross s a l e s l e s s 2-vay t r a n s a c t i o n s equals n e t s a l e s of net s e l l i n g hanks. 2/ Federal funds loaned, net funds supplied t o each dealer hy c l e a r i n g hanks, repurchase agreements (purchases of s e c u r i t i e s firom 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 hanks, reverse repurchase agreements ( s a l e s of s e c u r i t i e s t o d e a l e r s subject t o repurchase), r e s a l e agreements, and borrowings secured hy Gov't, or other i s s u e s . Note: — Averages of d a i l y f i g u r e s .
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