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F E D E R A L statistical R E S E R V E release '•?}*SuS^-' H.5 f ~4 For immediate release February 18, 1966 Reserve Positions of Major Heserre City Banks Reserve Period Boded February 9, 1966 (in. millions of dollars unless otherwise noted) ^ > banks ' Reserve excess or deficiency (-) 1/ S banks In 38 banks out- 5 banks 33 other lev York City side lew York in Chicago banks 46 15 30 1 30 I*ssi Borrowings trm Reserve *»»»*•« 229 148 87 15 72 less* let interbank Federal funds purchases or sales (-) 2/ 84l 4 837 310 527 -1,024 -130 -894 -325 -569 10,5 3.3 15.3 33-3 11.7 Equals* Bet basic reserve surplus or deficit (-)* a. let amount y k > b. As per cent of average required reserves 1/ Beserves held after all adjustments applicable to the reporting period less the sue of required reserves and carryover reserve deficiencies. 2/ For detaila see Federal Funds Transactions of Major Reserve City Banks. ' >otex — Averages of dally figures. k- > I . V l- * 1.5(a) Federal Funds Transactions of Major Reserve City Beaks for the Week Ended February 9, 1966 (In millions of dollars) 8 banks in 38 bank# out- 5 banks 33 other 46 banks lev York City side lew lark In Chicago banks A. Interbank Federal funds transactions 1. Proas transactions 1,048 • 1,044 •x CVI H a. Purchases b. Sales 2. Total 2-way transactions l/ 1,455 617 424 113 1,031 504 1,075 565 511 108 403 1,428 484. 944 316 628 586 480 107 5 101 84l 4 837 310 527 795 608 187 6 181 83 64 19 -- 19 711 543 168 3. Total net transactions a. Met purchases of met buying banks b. let sales of net selling banks e. 1st purchases or sales (-) 1. Belated transactions with U. 8. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers j/ 3. let leens 6 l/ Derived from averages for Individual "beaks far 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 mounts. Gross purchases less 2-way transactions equals net purchases of net haying hanks. Similarly, gross sales less ; 2-way transactions equals net sales of net selling hanks * 2/ federal Amds loaned, net ftonds supplied to each dealer "by clearing hanks, repurchase agreements (purchases of securities from dealers subject to resale) or other lending arrangements. £/ Inderal funds borrowed, net funds acquired from each dealer "by clearing hanks, reverse repurchase agreements (sales of securities to dealers subject to repurchase), resale agreements, end borrowings secured by Gov't, or other issues. Vote: — Averages of daily figures. 162