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.OfGOVf •. mil ** FEDERAL statistical RESERVE release f^AL For immediate release November 4, 1966 Reserve Positions of Major Reserve City Banks Reserve Period Ended October 26, 1966 L V \ * ( i n millions of dollars unless otherwise noted) 8 banks in 38 banks out- 5 banks 33 other New York City side New York in Chicago Reserve excess or deficiency ( - ) 1/ 45 13 31 Less: Borrowings from Reserve Banks 133 7 126 - - 126 l a s s 1 Net interbank Federal funds purchases or sales ( - ) 2/ 803 -22 824 329 495 CD 46 banks 28 -919 -327 -592 8.5 •7 14.7 32.2 11.3 3 29 1/ a. Net amount b. As per cent of average r e quired reserves 1 Equals: Net basic reserve surplus or d e f i c i t ( - ) : Reserves held a l t e r a l l adjustments applicable t o the reporting period less the sum of required reserves and carryover reserve deficiencies. " 2 j For details see Federal Funds Transactions of Major Reserve City Banks. Note: — Averages of daily figures. I'. r- > i< > 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 October 26, 1966 ( i n millions of d o l l a r s ) 46 banks 8 banks i n 38 banks out- 5 banks 33 other New York City side New York i n Chicago banks A. Interbank Federal funds transactions f t 1. Gross t r a n s a c t i o n s 1,412 999 1,021 675 .h,h §g 2. Total 2-way t r a n s a c t i o n s 1 / CVI CVl Purchases Sales ii a. b. t 541 211 1,304>' 737 176 561 - 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 s a l e s (-) . 1,431 324 1,107 364 743 ^ 629 346 283 35 248, 803 -22> 824 329 495 B. Related transactions with U. S. Government s e c u r i t i e s dealers 1-. Loans t o dealers 2/ 2. Borrowings from dealers 3 / 3. Net loans - 782 458 324 75 63 13 707 395 312 18 " 18 =/ ~ A u u x T x u u a d . uou&d Aui cuuixc wcc&. f jLgujLG xor eacn uani 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 banks. 2/ Federal funds loaned, net funds supplied t o each dealer by 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. 2/ 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 . 809 , 306 ' 13 * 293 .
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