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FEDERAL statistical RESERVE release Reserve Positions of Major Reserve City Banks Reserve Period Ended March .1966 For immediate release April 8, 1966 (in millions of dollars unless otherwise noted) A r 46 hanks 4 Reserve excess or deficiency (-) l/ 8 banks in 38 banks out5 banks 33 other New York City side New York in Chicago banks 46 5 to 1 39 'Less: Borrowings from Reserve Banks 129 21 108 28 80 Less: Net interbank Federal funds > purchases or sales ( - ) 2/ 222 -308 530 236 294 -305 292 -598 -263 -334 3-1 7.4 10.2 26.7 6.9 Equals: Net "basic reserve surplus 4 or deficit (-): v &• "b. As per cent of average required reserves k i/ r y . > *- Net amount 2/ 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. » Note: — Averages of daily figures. > > - 4 kt \% • > l > u » H.5(a) Federal Funds Transactions of Major Reserve City Banks for the Week Ended March 30, 1966 (in millions of dollars) 46 banks 33 other 38 banks out- 5 banks 8 banks in 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 l/ 2,386 2,164 1,013 1,321 1,373 843 355 118 1,018 725 1,090 633 456 108 348 1,296 380 917 247 670 1,074 688 387 10 376 222 -308 530 236 294 829 591 238 23 214 ' 154 129 25 675 462 213 3. Total net transactions a. b. e. 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/ 2. Borrowings from dealers j/ 3- Net loans -- 23 1/ 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; that is, it is 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 to each dealer by clearing banks, repurchase agreements (purchases of securities from 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. 25 189