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1— 1.5 For immediate release February 4, 1966 Reserve P o s i t i o n s of Major Reserve City Banks Reserve Period Ended January 2.6, 1966 ( I n m i l l i o n s of d o l l a r s unless otherwise noted) r. 46 hanks Reserve excess or d e f i c i e n c y ( - ) 1 / Less: Borrowings f r e e Reserve Banks > 4 Less* Bet interbank f e d e r a l funds purchases or s a l e s ( - ) 2 / 2 17 1 15 160 61 99 59 4o 767 -171 938 311 627 -912 108 -1,020 -368 -652 9.3 2-7 17.3 37.8 13.2 14 - Equals: Bet b a s i c reserve surplus or d e f i c i t ( - ) ; a. Bet amount b. As per cent of average r e quired r e s e r v e s 1/ 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 p e r i o d l e s s t h e sum of required r e s e r v e s and carryover reserve d e f i c i e n c i e s . 2/ f o r d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. Bote* — Averages of d a i l y f i g u r e s . I r 8 hanks i n 38 hanks o u t 5 banks 33 other Bew l a r k City side Hew York i n Chicago banks v H.5(a) Federal Ftmds Transactions of Major Reserve City Banks f o r t h e Week Ended January 26, 1966 ( i n m i l l i o n s of d o l l a r s ) 46 banks 38 banks o u t - 5 banks 33 other 8 hanks I n lew York City side l e v York i n Chicago banks A. Interbank Federal funds transactions 1. Gross t r a n s a c t i o n * a. b. Purchases Bales 2 . Tot a l 2-way t r a n s a c t i o n s l / 1,586 648 446 135 i,l4o 513 736 565 116 449 1,31k 292 1,022 330 691 547 463 84 20 64 767 -171 938 311 627 826 609 217 32 186 98 93 5 728 516 212 2,615 1,848 1,029 • 1,200 1,301 3« T ot a l n e t t r a n s a c t i o n s a. b. c. l e t purchases of met buying "banks Bet s a l e s of n e t s e l l i n g "banks Met purchases or s a l e s (-) B. Related t r a n s a c t i o n s with D. 8 . Government s e c u r i t i e s dealers 1. Loans t o d e a l e r s 2 / 2 . Borrowings from d e a l e r s j / 3* Met loans - - 32 1/ Derived from acre rages f o r I n d i v i d u a l 'banks f a r e n t i r e week. Figure f o r each "bank I n d i c a t e s extent t o which I t # w e k l y average purchases and s a l e s a r e o f f s e t t i n g ) t h a t 1s, i t i s t h e l e s s e r of t h e t v o amounts. Gross purchases l e s s 2-vay t r a n s a c t i o n s equals n e t purchases of n e t buying banks. S i m i l a r l y , gross s a l e s l e s s 2-way t r a n s a c t i o n s equals n e t s a l e s of n e t s e l l i n g banks. 2/ f e d e r a l funds loaned, n e t funds supplied t o each d e a l e r by c l e a r i n g banks, repurchase agreements (purchases of s e c u r i t i e s f r o * d e a l e r s s u b j e c t t o r e s a l e ) or other lending arrangements. 2/ Federal funds "borrowed, n e t funds acquired from each d e a l e r by c l e a r i n g banks, reverse repurchase agreements ( s a l e s of s e c u r i t i e s t o d e a l e r s s u b j e c t t o r e p u r chase ), r e s a l e agreements, and borrowings secured by G o v ' t , or o t h e r i s s u e s . Mote: — Averages of d a i l y f i g u r e s . 5 181
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