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For Immediate r e l e a s e April 21, 1966 H.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended April 13, 1966 ( i n millions of d o l l a r s unless otherwise noted) 46 banks * ^Reserve excess or d e f i c i e n c y ( - ) l / Less z Borrowings from Reserve Banks > Less: Net interbank Federal funds purchases or s a l e s ( - ) 2/ 8 banks in 38 banks out5 banks 33 other New York City side Nev York in Chicago banks 83 37 46 5 4l 191 28 164 61 102 1,201 863 338 160 178 -1,309 -854 -456 -216 -239 13.3 21.8 7-7 22.1 4-9 ¥ Equals: Net b a s i c reserve surplus or d e f i c i t ( - ) : &. » b. i/ > Net amount As per cent of average r e quired reserves 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. >« Note: — Averages of d a i l y f i g u r e s . k > - > • > -5(a) 4 F e d e r a l 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 A p r i l 13, 1966 ( I n m i l l i o n s of d o l l a r s ) 46 banks » 33 other 38 banks o u t - 5 banks 8 banks i n New York City side Hew York i n Chicago banks L. Interbank Federal funds transactions 1. Gross t r a n s a c t i o n s a. b. 1,377 514 1,390 1,052 300 140 1,090 912 1,166 514 651 136 515 1,601 863 739 164 574 4oo 4 396 Purchases Sales 2. T o t a l 2-way t r a n s a c t i o n s l / 3.' T o t a l n e t 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 n e t s e l l i n g banks Net purchases or s a l e s (-) 4oo 1,201 863 338 160 178 1,474 1,111 363 6 357 54 44 10 - — 10 1,420 1,067 353 6 347 $. 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 1. Loans t o d e a l e r s 2 / 2. Borrowings from d e a l e r s 3 / 3. Net loans L/ r 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 a r e 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 , g r o s s s a l e s l e s s 2-way t r a n s a c t i o n s e q u a l s n e t s a l e s of n e t s e l l i n g banks. 2/ Federal funds loaned, net f u n d s supplied t o each d e a l e r by c l e 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 G o v ' t , or o t h e r i s s u e s . dote: — Averages of d a i l y f i g u r e s .