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FEDERAL statistical RESERVE release s •f*4LRt .* r For Immediate release April 1, 1966 ' H-5 Reserve Positions of Major Reserve City Banks Reserve Period Ended March 23, 1966 (in millions of dollars unless otherwise noted) 46 banks 8 banks in 38 banks out5 banks 33 other New York City side New York in Chicago banks Reserve excess or deficiency (-) 1/ 28 10 19 2 16 Less: Borrowings from Reserve Banks 316 110 206 101 104 Less: Net interbank Federal funds purchases or sales ( - ) 2/ 710 26 684 214 470 * v Equals: Net basic reserve surplus or deficit (-): 4 &• Net amount -998 -127 -871 -313 b. As per cent of average required reserves 10.2 3-2 14.8 31,4 2/ [* * 2/ ' -558 11.4 Reserves held after all adjustments applicable to the reporting period less the sum of required reserves and carryover reserve deficiencies. For details see Federal Funds Transactions of Major Reserve City Banks. r * ,, Note: — Averages of daily figures. H.5(a) Federal Funds Transactions of Major Reserve City Banks for the Week Ended March 23, 1966 (In millions of dollars) 46 banks 33 other 38 banks out- 5 banks 8 banks in Bew York City side Hew York In Chicago beaks A. Interbank Federal funds transactions 1. Gross transactions 2,536 1,826 1,002 976 1,534 850 319 105 1,215 745 991 495 496 98 398 1,5^5 507 1,038 221 817 835 too 354 7 347 710 26 684 214 470 1. Loans to dealers 2/ 686 tol 205 2 203 2. Borrowings free dealers 5/ 153 134 19 3. Het loans 533 347 186 a. b. Purchases Sales 2. Total 2-way transactions l/ 3. Total net transactions a. Het purchases of met buying banks b. Set sales of net selling banks c. Het purchases or sales (-) B. Belated transactions with U. S. Government securities dealers l/ 19 2 Derived from averages for individual "banks for entire week. Figure for each hank indicates extent to which its weekly average purchases and sales are offsetting; is, it Is the lesser of the two amounts. Gross purchases lass 2-way transactions equals net purchases of net buying banks. 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 froa dealers subject to resale) or other lending arrangements. 3/ 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. 184
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