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For immediate release July 8, 1966 Reserve Positions of Major Reserve City Banks Reserve Period Ended June 29, 1966 H.5 (in millions of dollars unless otherwise noted) 1 *• 46 banks 5 banks 33 other 8 banks in 38 banks outNew York City side New York in Chicago banks Reserve excess or deficiency (-) l/ 53 21 33 .Less: Borrowings from Reserve Banks 297 147 150 -- 150 1,061 569 492 184 308 -1,305 -695 -610 -184 -426 12.9 16.9 10.1 17.9 8.5 Less: Net interbank Federal funds purchases or sales (-) %J 32 Equals: Bat basic reserve surplus or deficit (-): | r> r a. Het 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. Note: — Averages of dally figures. k , > > r * > :1 H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended June 29, 1966 (in millions of dollars) 46 banks 33 other 8 banks in 38 banks out- 5 banks New York City side New York in Chicago banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases to. Sales 2,429 1,368 1,078 509 1,351 859 357 173 994 686 1,191 501 690 145 545 1,238 577 661 212 450 177 7 169 28 142 l,06l 569 492 184 308 1; Loans to dealers 2/ 916 674 242 19 223 2. Borrowings from dealers 3/ 145 131 15 3- Net loans 771 543 227 2. Total 2-way transactions 1/ 3. 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 -- 19 l/ Derived from averages for individual banks for 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 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 banks, repurchase agreements (purchases of securities from dealers subject to resale) or other lending arrangements. 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. Note: — Averages of daily figures. 15 208 ,
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