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FEDERAL RESERVE release . H. 5 For Immediate release October 21, 1966 Reserve Positions of Major Reserve City Banks Reserve Period Ended October 12, 1966 (in millions of dollars unless otherwise noted) > 46 banks 8 banks in 36 banks out- 5 banks 33 oth( New York City side New York in Chicago Reserve excess or deficiency (-) 1/ 63 32 30 -12 42 Less: Borrowings from Reserve Banks 578 234 345 237 108 1,532 656 856 317 539 2,028 -858 -1,171 -566 -604 19.9 21 J. 19.0 58.5 11.7 Less: Net interbank Federal funds purchases or sales (-) 2/ Equals: Net basic reserve surplus or deficit (-): a. Net amount V y b. As per cent of average required reserves ' 1/ Reserves held after all adjustments applicable to the reporting period less the sum of » required reserves and carryover reserve deficiencies. * %J For details see Federal Funds Transactions of Major Reserve City Banks. » > Note: — Averages of daily figures. I'. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended October 12, 1966 (in millions of dollars)' 46 banks 8 banks in 38 banks out- 5 banks 33 other [ 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/ * 3,298 1,786 1,443 786 1,855 999 546 229 1,309 770 * 1,377 691 685 198 487 - 3. Total net transactions a. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales * 1,921 751 1,170 348 822 409 95 314 31 ; 284 1,512 656 856 317 539 1*. Loans to dealers 2/ 535 384 151 2. Borrowings frem dealers 3/ 118 85 32 3. Net loans 417 299 119 b. c. <-) B. Related transactions with U. S. Government securities dealers 5 32 — 5 l/ Derived from averages for indjIvidual banks for entire week. Figure i'or 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 hanks. 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 banks, 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. 146 114 <
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