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FEDERAL istical RESERVE release For Immediate release September 16, 1966 Reserve Positions of Major Reserve City Reserve Period Ended September 7, 1966 ( i n millions of d o l l a r s unless otherwise notted) 46 banks Reserve excess or deficiency ( - ) 1/ Less: Borrowings from Reserve Banks lAss* Net interbank Federal funds purchases or sales ( - ) 2 / 8 banks i n 38 bankS bttfe- 5 Banks 33 otb New York City side New York In Chicago bflnkfl 57 20 36 -2 39 219 21 198 49 149 818 29 789 314 475 -981 -31 -950 -365 -585 9.8 .8 15.8 37.1 11.6 Equals: Bet "basic reserve surplus or d e f i c i t ( - ) t ' » k #* Vet amount b. As per cent of average r e quired reserves 1/ 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 . 2/ For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. Hotei — Averages of d a i l y f i g u r e s . * J- * * • r 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 t h e Week Ended September 7, 1966 ( i n m i l l i o n s of d o l l a r s ) 46 banks 33 o t h e r 1 38 banks o u t - 5 banks 8 banks i n New York City side New York i n Chicago banks A. Interbank Federal funds transactions t 1. Gross t r a n s a c t i o n s a. b. Purchases Sales 2. Total 2-way t r a n s a c t i o n s l / -4. 2,846 1,028 1,817 2,027 999 1,028 518 204 1,299 * 824 „ A 1,370 587 783 204 578 ' 1,475 441 1,034 314 720 657 411 245 81a 29 789 3. T o t a l net t r a n s a c t i o n s a. b. c. Net purchases of n e t buying banks Net s a l e s of net s e l l i n g banks Net purchases or s a l e s (-) 314 475 * • •I 1 1". Loans t o d e a l e r s 2 / 803 484 320 2. Borrowings from d e a l e r s Jj 174 104 70 3. Net loans 630 380 250 43 «""" 43 l/ Derived from averages f o r i n d i v i d u a l "banks f o r e n t i r e week. Figure f o r each bank i n d i c a t e s e x t e n t t o which i t s weekly average purchases and s a l e s are o f f s e t t i n g ; t h a t i s , i t i s t h e l e s s e r of t h e two amounts. Gross purchases l e s s 2-way t r a n s a c t i o n s equals net purchases of n e t "buying "banks. S i m i l a r l y , gross s a l e s l e s s 2-way t r a n s a c t i o n s equals n e t s a l e s of net s e l l i n g banks. 2/ Federal funds loaned, net funds supplied t o each d e a l e r by c l e a r i n g banks, repurchase agreements (purchases of s e c u r i t i e s from d e a l e r s s u b j e c t t o r e s a l e ) or other lending arrangements. 2/ Federal funds borrowed, n e t funds acquired from each d e a l e r by c l e a r i n g banks, reverse repurchase agreements ( s a l e s of s e c u r i t i e s t o d e a l e r s s u b j e c t t o r e p u r chase), r e s a l e agreements, and borrowings secured by Gov't, or o t h e r i s s u e s . Note: — Averages of d a i l y f i g u r e s . 1 245 v B. Related t r a n s a c t i o n s with U. S. Government s e c u r i t i e s dealers tH 277 70 607 , j 4
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