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For immediate release July 29, 1966 > kH«5 Reserve Positions of Major Reserve City Banks Reserve Period Ended July 20, 1966 (in millions of dollars unless otherwise noted) 46 banks 8 banks in 38 banks out5 banks 33 other New York City side New York in Chicago banks Reserve excess or deficiency (-) \j 128 86 42 10 32 Less: Borrowings from Reserve Banks 341 104 237 30 208 1,742 705 1,038 243 794 -1,955 -722 -1,233 -263 -970 19.2 17.7 20.1 Less: Bet interbank Federal funds purchases or sales (-) 2/ Equals: Bet basic reserve surplus or deficit (-): > a. Met amount b. As per cent of average required reserves 2J 26.1 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. > 19.0 H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended July 20, 1966 (in millions of dollars) 46 banks 33 other, • 8 banks in 38 banks out- 5 banks banks in Chicago New York City side New York V +> V A. Interbank Federal funds transactions . J 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions l/ 3,127 1,384 1,429 724 1,698 660 451 208 1,24? 1 453, 1,185 604 581 176 405 4 * 3. Total net transactions i * a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 1,942 825 1,117 275 842 1 199 120 79 31 48, , 1,742 705 1,038 243 V 794 * B. Related transactions with U. S. Government securities dealers -4 •1 X 1; Loans to dealers 2/ 761 394 366 2. Borrowings from dealers 3/ 164 109 55 3. Net loans 597 285 312 9 3581 4 H *•- 9 5% 4 303 J ^ 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-vay transactions equals net purchases of net buying "banks. Similarly, gross sales less 2-way transactions equals net sales of net selling hanks. 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. jJ 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.
@FedFRASER