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i > * * H.5 r For Immediate release June 24, 1966 Reserve Positions of Major Reserve City Banks Reserve Period Ended June 15, 1966 (in millions of dollars unless otherwise noted) 46 banks 8 banks in 38 banks out- 5 banks 33 other New York City side New York in Chicago banks Reserve excess or deficiency (-) 1/ 49 16 32 Less: Borrowings from Reserve Banks 216 103 H3 Less z Net interbank Federal funds purchases or sales (-) 2/ 707 161 547 132 415 -874 -247 -628 -126 -502 9.0 6.3 10.8 13.1 10.4 7 25 113 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves t ' 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. I Notes — Averages of daily figures. > 1f Y •> V . V H.5(a) Federal Funds "transactions of Major Reserve City Banks for the Week Ended June 15, 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 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ - 2,153 1,446 911 750 1,242 695 308 176 934 519 1,117 521 596 168 428 1,036 390 646 140 329 229 99 8 91 707 161 547 132 415 > » A 3« Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 506 . B. Related transactions with U. S. Government securities dealers v 4 A 1; Loans to dealers 2/ 932 662 250 2. Borrowings from dealers 3/ 112 94 18 3. Net loans 800 568 232 10 — 10 1/ Derived from averages for individual 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 banks. Similarly, gross sales less 2-way transactions equals net sales of net selling banks. 240 18 222 j k ^ J ^^ •M 2J 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. ^ 4 4 ' <
@FedFRASER