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H.5 For immediate release December 2, 1966 Reserve Positions of Major Reserve City Banks Reserve Period Ended November 23, 1966 (in millions of dollars unless otherwise noted) k6 banks 8 banks in 38 banks out- 5 banks 33 other New York City side New York in Chicago banks Reserve excess or deficiency (-) j/ r* 1 v Less: Borrowings from Reserve Banks Less: Net interbank Federal funds purchases or sales (-) 2/ 171 28 131 144 2 141 131 3 128 1,498 446 1,052 488 564 -1,458 -418 -1,039 -488 -551 14.6 10.6 17.2 51.7 10.8 ¥ *Equals: Net basic reserve surplus |V or deficit (-): r' a. Net amount b. As per cent of average required reserves i/ Reserves held after all adjustments applicable to the reporting period less the sum of required reserves and carryover reserve deficiencies. 2/ For details see Federal Funds Transactions of Major Reserve City Banks. f Note: — Averages of daily figures. i> 4 > • > I> I H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended November 23, 1966 (In millions of dollars) 46 banks 33 other 8 banks in 38 banks out- 5 banks banks in Chicago New York City side New York A. Interbank Federal funds transactions 1. Gross transactions 3,561 2,063 1,315 869 2,247 1,195 737 249 1,510 945 1,508 724 784 214 570 2,054 591 1,463 523 940 556 145 4ll 35 376 1,498 446 1,052 488 564 1". Loans to dealers 2/ 496 368 128 2. Borrowings from dealers jJ 119 114 6 3. Net loans 377 255 123 a. b. Purchases Sales 2. Total 2-way transactions l/ 1. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales (-) B. Related transactions with • U. S. Government securities dealers . - - 128 - - 6 1/ Derived rrom averages ior mmviauai u«um — -----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 hanks, 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 repur chase), resale agreements, and borrowings secured by Gov't, or other issues. Note: — Averages of daily figures. 122
@FedFRASER