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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. - 3