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H-5

For immediate release
August 19, 1966
Reserve Positions of Major Reserve City Banks
Reserve Period Ended August 10, .1966
(In millions of dollars unless otherwise noted)

46 hanks

8 hanks in 38 hanks out- 5 hanks 33 othei
lew York City side lev York in Chicago hanks

Reserve excess or deficiency (-) 1/

40

8

32

7

25

Less; Borrowings from Reserve Banks

259

120

139

11

127

1,135

339

796

299

498

-1,354

-452

-902

-302

-600

13.6

11.4

15.0

31.2

11.9

Less 1 Bet inteAank Federal funds
purchases or sales (-) g/
Equals: let basic reserve surplus
or deficit (-):
«u

let amount

b. As per cent of average required reserves

1/ Reserves held after all adjustments applicable to the reporting period less the sum of
required reserves and carryover reserve deficiencies.
§/ For details sea Federal Funds Transactions of Major Reserve City Banks.
Vote: — Averages of daily figures.




H.5(a)

Federal Funds transactions of Major Reserve City Banks
for the Week Ended August 10, 1966
(In millions of dollars)
8 banks in 38 banks out- 5 banks 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. Total 2-way transactions 1/

2,795
1,660

1,114
775

1,681
885

502
203

1,179
682

1,256

628

628

190

439

3. Total net transactions
a. Net purchases of net
buying banks
b. Net sales of net
selling banks
c. Net purchases or sales

•

1,539

486

1,053

312

740

403

147

256

34

243

1,335

339

796

299

498

1". Loans to dealers g/

418

332

86

7

79

2. Borrowings from dealers 3/

229

147

82

3» Net loans

189

185

4

(-)

B. Related transactions with
U. 8. Government securities
dealers

82
7

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 hanks. 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 hanks,
repurchase agreements (purchases of securities from dealers subject to resale)
or other lending arrangements.
2/ 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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