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FEDERAL RESERVE release * f*AL H.5 I For immediate r e l e a s e June 3, 1966 Reserve Positions of Major Reserve City Banks Reserve Period Ended May 25, 1966 ( i n millions of d o l l a r s unless otherwise noted) 7 > * 46 banks 8 banks i n 38 banks out5 banks 33 other New York City side New York in nhicago "bsmk-Q Reserve excess or d e f i c i e n c y ( - ) 1/ a 7 37 Less: 30 13 18 262 -19 280 32 2lj8 -248 13 -26l -29 -231 2.5 •3 4.4 2.9 4.7 Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or s a l e s ( - ) 2/ 34 3 18 — Equals: Net "basic reserve surplus or d e f i c i t ( - ) : » i/ r ^ 2/ 1 & Net amount b. As per cent of average r e quired reserves Reserves held a f t e r a l l adjustments applicable t o the reporting period l e s s the 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. Note: — Averages of d a i l y f i g u r e s . - < A V- > H.5(a) Federal Funds t r a n s a c t i o n s of Major Reserve City Banks f o r the Week Ended May 25, i960 (In millions of d o l l a r s ) 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 t r a n s a c t i o n s ' 1,194 914 276 244 918 670 496 666 222 445 886 338 528 55 473 60U 357 247 22 225 262 -19 280 32 248 1; Loans t o dealers 2/ 900 600 300 8 292 2. Borrowings from dealers j J 104 81 24 3. Net loans 796 520 276 a. b. Purchases Sales 2. Total 2-way t r a n s a c t i o n s l / 2,029 1,767 834' 853 1,162 3. Total net t r a n s a c t i o n s a. b. c. Net purchases of net buying banks Net sales of net s e l l i n g banks Net purchases or sales (-) R. Related transactions with U. S. Government s e c u r i t i e s dealers 1/ 24 268 8 v\ lr Derived rrom averages xor mmviuutu. indicates extent t o which i t s weekly average purchases and sales are o f f s e t t i n g ; t h a t i s , i t i s the l e s s e r of the two amounts. Gross purchases l e s s 2-way t r a n s actions equals net purchases of net "buying "banks. Similarly, gross sales l e s s 2-way t r a n s a c t i o n s equals net sales of net s e l l i n g hanks. •P/S#l Vv«' 2/ Federal funds loaned, net funds supplied t o each dealer by c l e a r i n g hanks, repurchase agreements (purchases of s e c u r i t i e s from dealers subject t o r e s a l e ; or other lending arrangements. 3/ Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements ( s a l e s of s e c u r i t i e s t o dealers subject t o repurchase), r e s a l e agreements, and borrowings secured by Gov't, or other issues. Note: — Averages of d a i l y f i g u r e s .
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