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FEDERAL
statistical

RESERVE

release

H.5
Reserve P o s i t i o n s of Major Reserve City
Reserve Period Ended December 7โ€ž 1966

For immediate r e l e a s e
December 16, 1966

( i n m i l l i o n s of d o l l a r s unless otherwise noted)

46 banks

8 banks i n
38 banks outNew York Citv side New York

Reserve excess or d e f i c i e n c y ( - ) i j

30

20

10

Less:

85

- -

85

Borrowings from Reserve Banks

1,235

455

9
85

- -

776

417

360

. 1

I a s s : Net interbank Federal funds
purchases or s a l e s ( - ) 2 /

5 banks 33 other

-852

-4l6

-436

10.5

13.9

43.6

8.4

Equals: Net b a s i c reserve surplus
or d e f i c i t ( - ) :
Net amount
b.

As per cent of average r e quired reserves

-1,287
12.5

A/ Reserves held a f t e r a l l adjustments applicable t o t h e r e p o r t i n g period l e s s t h e sum of
required reserves and carryover reserve d e f i c i e n c i e s .
2/

For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks.

Note: โ€” Averages of d a i l y f i g u r e s .




H.5(a)

Federal Funds transactions of Major Reserve City Banks
f o r the Week Ended December J, 1966
( i n millions of d o l l a r s )

46 banks

8 banks i n
38 banks out- 5 banks 33 other"
New York City side New York i n Chicago banks .

A. Interbank Federal funds
transactions

f

1. Gross t r a n s a c t i o n s
Purchases
Sales

2. Total 2-way t r a n s a c t i o n s l /

3,034
1,803

l,26l
806

1,773
997

579
162

1,195 *

1,415

735

679

150

530

1,620

526

1,094

429

665

389

71

318

12

1,231

455

lf\
00

a.
b.

A

3. Total net t r a n s a c t i o n s
a.
b.
c.

Net purchases of net
buying banks
Net sales of net
s e l l i n g banks
Net purchases or sales
(-)

776 .

417

305 V ,
360
4

B. Related transactions with
U. S. Government s e c u r i t i e s
dealers

4
V

1". Loans t o dealers 2/

732

472

260

2. Borrowings from dealers j J

204

178

26

3. Net loans

528

294

234

4
- -

4

l/

Derived from averages f o r indiLvidual banks f o r e n t i r e week. Figure f o r each bank
indicates extent t o which i t s weekly average purchases and sales are o f f s e t t i n g ;
t h a t i s , i t i s the l e s s e r of the two amounts. Gross purchases l e s s 2-way t r a n s actions equals net purchases of net buying "banks. Similarly, gross sales l e s s
2-way t r a n s a c t i o n s equals net sales of net s e l l i n g banks.

2/

Federal funds loaned, net funds supplied t o each dealer by c l e a r i n g banks,
repurchase agreements (purchases of s e c u r i t i e s from dealers subject t o r e s a l e )
or other lending arrangements.

2/

Federal funds borrowed, net funds acquired from each dealer by clearing banks,
reverse repurchase agreements ( s a l e s of s e c u r i t i e s t o dealers subject t o repurchase), resale agreements, and borrowings secured by Gov't, or other issues.

Note: โ€” Averages of d a i l y f i g u r e s .



256
26 ยป
230

*