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FEDERAL statistical > > RESERVE release f*4L For Immediate release April 15, 1966 Reserve Positions of Major Reserve City Banks Reserve Period Ended April 6, 1966 *5 •i V * j (In millions of dollars unless otherwise noted) • 46 banks •» Reserve excess or deficiency ( - ) 1 / ( 8 banks tn 38 banks out- 5 banks 33 othe New York City side New York in Chicago h*^1re 2 17 203 28 175 107 #5 254 191 -779 -146 -633 -284 -348 7.9 3.6 10.8 29.0 7.1 31 15 16 Less 2 Borrowings from Reserve Banks 257 54 Less: Net interbank Federal funds ,purchases or sales ( - ) 2/ 553 - Equals: Net basic reserve surplus or d e f i c i t ( - ) : r a. b, Net amount As per cent of average required reserves * r > 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 deficiencies. |/ For details see Federal Funds Transactions of Major Reserve City Banks. -Sate: — Averages of daily figures. > > * » > H.5(a) ' 1 Federal Funds transactions of Major Reserve City Banks for the Week Ended April 6, 1966 (in millions of dollars) 8 "banks in 38 banks out- 5 hanks 33 other 46 "banks New York City side New York in Chicago "banks A. Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2,320 1,768 856 964 1,357 912 343 89 1,013 822/ 1,193 642 550 89 462 1,128 321 806 255 552 575 214 361 553 107 445 254 1,053 752 301 63 2. Borrowings from dealers 3 / 127 94 33 3. Net loans 926 658 268 2. Total 2-way transactions 1/ 3. Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (") B. Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 63 1/ Derived from averages for individual banks for entire week. Figure for each bank indicates extent t o which i t s weekly average purchases and sales are offsetting; that i s , i t i s the lesser of the two amounts. Gross purchases less 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 t o each dealer by clering banks, repurchase agreements (purchases of securities from dealers subject t o resale) or other lending arrangements. jJ Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements (sales of securities t o dealers subject t o repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Note:for — Averages of Digitized FRASER daily figures. t 361,, 191