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FEDERAL of coy» RESERVE release * f^AL RtS^ . For immediate release August 26, 1966 Reserve Positions of Major Reserve City Banks Reserve Period Ended August 17, 1966 H.5 r• (in millions of dollars unless otherwise noted) 46 banks 8 banks in 38 banks out- 5 banks 33 other Hew York City side Hew York in Chicago banks Reserve excess or deficiency (-) l/ 62 35 28 8 20 Less: Borrowings from Reserve Banks 231 39 193 . 10 182 1,269 531 738 252 487 Less: Het Interbank Federal funds purchases or sales (-) g/ : Equals: let basic reserve surplus or deficit (-): Vet amount rr > b. As per cent of average required reserves -1,438 -535 -903 -254 -649 14.5 13.7 15.0 26.0 12.9 1/ Reserves held after all adjustments applicable to the reporting period less the sum of required reserves and carryover reserve deficiencies. ^ g/ For details see Federal Funds Transactions of Major Reserve City Banks. - r' Mote: -- Averages of dally figures. " • • V 1 H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended August 17# 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 f 4 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions l/ * 2,879 1,610 1,228 697 1,651 913 458 207 1,276 586 690 179 5* 1,603 642 961 279 •1 682 » 334 111 223 27 1,269 531 738 252 ; 1 4 •i 3. Total net transactions a. Net purchases of net ' buying banks b. Net sales of net selling banks c. Net purchases or sales (-) 487 B. Related transactions with U. S. Government securities dealers <j 1; Loans to dealers 2/ 446 319 127 2. Borrowings from dealers 218 - 148 70 3. Net loans 229 171 58 1 70 ' 1 1 l/ Derived from averages for individual "banks for entire week. Figure for each bank 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:for — Averages of Digitized FRASER daily figures. 127 - 57 4 ' 1 ^ » \ M v1 _^ __ M
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