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• f « f*AL . H.5 For Immediate release June 17, 1966 Reserve Positions of Major Reserve City Banks Reserve Period Ended June 8, 1966 h k 4 (in millions of dollars unless otherwise noted) IV • 8 banks in 38 "banks out5 "banks 33 other 46 "banks New York City side Hew York in Chicago "banks . y Reserve excess or deficiency ( - ) i / 51 - 2 53 2 51 Less: Borrowings from Reserve Banks 86 14 72 6 66 698 128 571 64 506 -733 -143 -590 -68 -522 7.5 3.7 10.0 Less: Het Interbank Federal funds purchases or sales ( - ) g / Equals: l e t "basic reserve surplus or d e f i c i t ( - ) : &. Het amount h. * ' k As per cent of average r e quired reserves 10.7 JJ Reserves held a f t e r a l l adjustments applicable t o the reporting period l e s s the sum of required reserves and carryover reserve deficiencies. 2/ For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. Vote: — Averages of dally figures. X • 6.8 > > H.5(a) 1 •» 14 Federal Funds t r a n s a c t i o n s of Major Reserve City Banks f o r the Week Ended June 8, 1966 ( i n millions of d o l l a r s ) 46 banks * * • 33 other 8 banks i n 38 banks out- 5 banks 1 New York City side New York i n Chicago banks * A. Interbank Federal funds transactions * 1 1. Gross t r a n s a c t i o n s a. b. Purchases Sales 2. Total 2-way t r a n s a c t i o n s 1/ 2,119 1,421 811 683 1,308 738 311 246 998 ^ 491 1,208 549 660 235 424 v 911 262 649 75 213 134 78 11 6 698 128 571 64 506 3. Total net t r a n s a c t i o n s a. b. c. Net purchases of net buying banks Net sales of net s e l l i n g banks Net purchases or s a l e s (-) 574 1 V 7 ^ B. Related t r a n s a c t i o n s with U. S. Government s e c u r i t i e s dealers l/ 2/ 2/ * 900 609 290 2. Borrowings from d e a l e r s 3 / 122 107 15 778 503 275 13 — 13 Federal funds loaned, net funds supplied t o each dealer by c l e a r i n g banks, repurchase agreements (purchases of s e c u r i t i e s from dealers subject t o r e s a l e ) or other lending arrangements. Federal funds borrowed, net funds acquired from each dealer by clearing 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 subject t o repurchase), r e s a l e agreements, and borrowings secured by Gov't, or other issues. daily figures. 277 * < 4 15 A Derived from averages f o r indl Lvidual banks f o r e n t i r e week. Figure j"or each bank Indicates extent t o which i t s weekly average purchases and s a l e s are o f f s e t t i n g ; t h a t i s , i t i s t h e l e s s e r of the two amounts. Gross purchases l e s s 2-way t r a n s actions equals net purchases of net buying hanks. Similarly, 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 net sales of net s e l l i n g banks. Note: — Averages of 1 J 1*. Loans t o d e a l e r s 2/ 3. Net loans 1 262 4 J "*'' a v ~* h A
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