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FEDERAL s. statistical RESERVE release •rf*ZEJs&: For immediate release July 15, 1966 Reserve Positions of Major Reserve City Banks Reserve Period Ended July 6, 1966 H.5 (in millions of dollars unless otherwise noted) >» I * r 46 banks r r 5 banks 33 other 8 banks in 38 banks outNew York City side New York in Chicago banks Reserve excess or deficiency (~) i/ 137 93 44 6 37 Less: Borrowings from Reserve Banks 391 161 230 106 124 1,650 962 688 228 460 -1,904 -1,030 -8?4 -328 -546 lB.4 24.5 14.3 31.3 10.7 Less: Het interbank Federal funds purchases or sales (-) 2/ Equals: Het basic reserve surplus or deficit (-): » * * a. Net amount b. As per cent of average required reserves # f » 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. Note: — Averages of daily figures. < > H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended July 6, 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 f A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-way transactions l/ 2,999 1,349 1,426 464 1,573 885 447 219 1,189 464 725 216 1,127 667 509 , 1 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or.sales 1,810 962 160 848 230 160 2 617 157 ' 1,650 962 688 228 460 1: Loans to dealers 2/ 813 641 172 22 150 2. Borrowings from dealers 3/ 190 167 23 3. Net loans 623 4?4 149 (-) V B. Related transactions with U. S. Government securities dealers — V 22 l/ Derived from averages for individual hanks for entire week. Figure for each hank 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 hanks. 23 127 • •1 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. A} 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. 4 , Note: — Averages of daily figures.