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• Of GOvf • ' * H.5 For Immediate release May 13, 1966 Reserve Positions of Major Reserve City Banks Reserve Period Ended May 4, 1966 r Nr » (in mil lions of dollars unless otherwise noted) 4» 46 banks r r " r. 8 banks in 38 banks out5 banks 33 other New York City side New York in Chicago 44 7 38 Less: Borrowings from Reserve Banks 182 115 67 1*5 s s: Het interbank Federal funds purchases or sales (-) 2/ 352 179 174 -112 286 -490 -287 -203 117 -320 4.8 6.9 3.3 10.9 6.4 Reserve excess or deficiency (-) l/ 5 -- 33 67 Equals: Het basic reserve surplus or deficit (-): r V r a. Net 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 end carryover reserve deficiencies. 2/ For details see Federal Funds Transactions of Major Reserve City Banks. k. Note: — Averages of daily figures. > -Y > r r> 5.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended May 4, 1966 (In millions of dollars) 46 banks 33 other 38 banks out- 5 banks 8 banks in banks in Chicago New York City side New York A. Interbank Federal funds transactions r i -J • t 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions l/ 2,215 1,863 985 806 1,231 1,057 254 367 976 1 690 4 J 1,202 535 667 189 478 ' 3. Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) •*< 1,013 450 563 66 1,98 ' 1 661 271 390 178 212 . < 352 179 174 -112 > 286 B. Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans 1/ 2/ 3/ 4 1,583 1,106 478 125 125 -- 1,458 980 478 5 .k 5 Federal funds loaned, net funds supplied to each dealer by clering banks, repurchase agreements (purchases of securities from dealers subject to resale) or other lending arrangements. 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. daily figures. 473 * • — . Denvea rram averages iur iao.iyj.uwoa. umuid --=» „„ 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 banks. Note: — Averages of 1 473 -4 i -A * i 1 1
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