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For Immediate release July 1, 1966 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended June 22, 1966 (in millions of dollars unless otherwise noted) 8 banks in 38 banks out- 5 banks 33 other 46 banks New York City side Nev York in Chicago banks Reserve excess or deficiency (-) l/ 70 44 26 Less: Borrowings from Reserve Banks 230 185 45 Less: Bet interbank Federal funds purchases or sales (-) 2/ 1,420 676 744 208 536 Equals: Net basic reserve surplus or deficit (-): 1 a. Net amount -1,580 -816 -763 -204 -559 15.6 19.8 12.7 19.7 11.3 b. As per cent of average required reserves 4 -- 22 45 l/ 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. > Note: — Averages of daily figures. * • * * H.5(a) 1 Federal Funds transactions of Major Reserve City Banks for the Week Ended June 22, 1966 (in millions of dollars) 8 banks in 38 banks out- 5 banks 33 other 46 banks New York City side New York in Chicago banks -* A. Interbank Federal funds transactions t | 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions l/ > 2,847 1,428 1,245 569 1,603 859 426 218 1,302 546 755 I83 64l 1 * 1 572 < 1,546 698 847 242 605' • 126 23 103 34 1,420 676 744 208 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) B. Related transactions with U. S. Government securities dealers 965 612 352 2. Borrowings from dealers 3/ 103 89 15 3. Net loans 861 524 337 14 - - 14 l/ Derived from averages for indjLvidual 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 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 hanks, 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, or other issues. daily figures. J 536 4 1; Loans to dealers 2/ Note:for —FRASER Averages of Digitized 1# 11 338 < 15 ^ Vi 323 ~-
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