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of GOV**. Ill F E D E R A L statistical R E S E R V E release For immediate release March 4, 1966 Reserve Positions of Major Bete i r e City Banks Reserve Period laded February 23, i960 H.5 (In millions of d o l l a r s unless otherwise noted) k > i H6 hanks Reserve excess or deficiency ( - ) 1 / Less: Borrowings from Reserve Banks Less: Bet interbank Federal funds purchases or s a l e s ( - ) 2 / 8 banks i n 38 banks out5 banks 33 other Bew York City side Bew York i n Chicago banks 37 21 16 5 10 222 103 119 34 85 468 -171 639 130 509 -653 89 -742 -158 -584 6.8 2.3 12.8 16.2 12.1 Equals: Bet b a s i c reserve surplus or d e f i c i t ( - ) ; r y a. Bet amount b. As per cent of average r e quired reserves l/ Reserves held a f t e r a l l adjustments applicable t o the reporting period l e s s t h e sum of required reserves and carryover reserve d e f i c i e n c i e s . 2/ For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. Mote: — Averages of d a i l y f i g u r e s . L- > •> •> • -> L I.5(») Federal Funds Transactions of Major Reserve City Banks f o r the Week Boded February 23, 1966 ( I n millions of d o l l a r s ) 8 banks i n I38 banks out- 5 banks 33 other 1*6 banks 1l e v York Cityl side lew York i n Chicago banks A. Interbank Federal funds transactions 1 . flTMB t n t t g f t r t l W l,56l 2,096 1,003 1,174 922 304 175 1,257 748 1,315 685 630 134 496 1,249 318 931 170 761 781 489 292 4l 251 468 -171 639 130 509 1 . Loans t o d e a l e r s 2/ 555 424 131 2 128 2 . Borrowings from dealers 172 115 58 3. l e t loans 383 310 73 a. b. Purchases Sales 2 . Total 2-way t r a n s a c t i o n s 1/ 2,564 3. Total net t r a n s a c t i o n s a. b. e. l e t purchases of met buying banks l e t sales of net s e l l i n g banks l e t purchases or sales (-) B. Belated t r a n s a c t i o n s with U. 8 . Government s e c u r i t i e s dealers 1/ 2/ 3/ 58 2 70 Derived f r e e averages f o r individual "banks f o r e n t i r e week* Figure f o r each tank i n d i c a t e s extent t o which i t s weekly average purchases and sales 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 t h e two amounts. Gross purchases l e s s 2-wsy t r a n s actions equals net purchases of net buying hanks. Similarly# gross sales 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 hanks. * -j f e d e r a l 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 froB dealers subject t o r e s a l e / or other lending arrangements. ^ I f e d e r a l 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 dealers subject t o repurchase), r e s a l e agreements, and borrowings secured by Gov't, or other i s s u e s . Mote* — Averages of d a i l y f i g u r e s . ^ K kr v J 1 ,
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