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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
\%

•

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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.




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