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H.5 For Immediate release July 22, 1966 Reserve Positions of Major Reserve City Banks Reserve Period Ended July 13, 1966 (in millions of dollars unless otherwise noted) 46 banks Reserve excess or deficiency (-) Less: Borrowings from Reserve Banks Less 2 Net interbank Federal funds purchases or sales (-) 2/ 8 banks in 38 banks out5 banks 33 other New York City side New York in Chicago banks 60 22 38 7 31 477 116 362 129 233 1,892 1,105 787 331 455 -2,310 -1,199 -1,111 -453 -658 23.1 30.1 I8.5 45.3 13.1 Equals: Net basic reserve surplus „ or deficit (-): " &. b. Net amount As Bfsr cent of average required reserves jL/ 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) Federal Funds transactions of Major Reserve City Banks for the Week Ended July 13, 1966 (in millions of dollars) 46 banks 33 other 38 banks out- 5 banks 8 banks in New York City side New York in Chicago banks A. Interbank Federal funds transactions x * 1. Gross transactions a. b. Purchases Sales 2. Total 2-wav transactions 1/ -T 3,121 1,229 1,512 407 1,609 822 478 147 1,131 675 * 1,025 407 618 127 491 2,096 1,105 991 351 640 " • 204 20 184 * „ f ' ' 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales 204 1,892 1,105 787 331 455 1*. Loans to dealers 2/ 669 483 186 11 175 2. Borrowings from dealers 155 100 55 3. Net loans 514 383 131 (-) B. Related transactions with U. S. Government securities dealers — 11 1/ Derived rrom averages xor 1na.1viaueu. uou&& *— 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 "banks. 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. Note: — Averages of daily figures. 55 * 120 4 i'
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