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FEDERAL S statistical RESERVE release • f*4L RB , r * H.5 For Immediate release - ' May 20, 1966 Reserve Positions of Major Reserve City Banks Reserve Period Ended May 1 1 , 1 9 6 6 k * (In millions of dollars unless otherwise noted) 46 banks r Reserve excess or deficiency ( - ) \J 51 8 banks in 36 banks outHew York Citv 29 23 5 banks 3 3 other banks in Chi c a i r o 4 18 Less: Borrowings from Reserve Banks 208 82 126 - - 126 Less j Net interbank Federal funds purchases or sales ( - ) 2/ 855 565 290 27 262 Equals: Net basic reserve surplus or deficit ( - ) : #» Met amount b. „ v As per cent of average required reserves -1,011 -619 -393 -23 -370 10.1 15.6 -6.5 2.2 7.4 Keserves held a f t e r a l l adjustments applicable to the reporting period less the sum of required reserves and carryover reserve deficiencies. ^ 2/ L * o r details see Federal Funds Transactions of Major Reserve City Banks. Hote: " Averages of daily figures. 4 * r> • 4 H.5(a) < l Federal Funds transactions of Major Reserve City Banks for the Week Ended May 11, 1966 (In millions of dollars) T" 4 V- n 3 8 banks out- 5 banks 3 3 other 8 banks in 46 banks New York City side New York in Chicago banks * * A. Interbank Federal funds transactions 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions l / 2,160 1,305 1,014 1# 463 1,131 842 293 266 838 575 427 587 209 378 S A * A 3. Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales » 1,146 601 544 84 460 291 36 254 57 198 855 565 290 27 262 B. Related transactions with U. S. Government securities dealers 1 . Loans to dealers 2/ 2 . Borrowings from dealers 3 / 3 . Net loans l/ 2/ 2/ 1 >1 i * A < 1,196 806 389 109 107 2 1,086 699 387 23 - - 23 Derived from averages f o r individual banks for e n t i r e week. Figure for each bank indicates extent t o which i t s weekly average purchases and sales are o f f s e t t i n g ; that i s , i t i s the 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 banks. Similarly, gross sales less 2-way transactions equals net sales of net selling banks. Federal funds loaned, net funds supplied t o each dealer by clearing banks, repurchase agreements (purchases of s e c u r i t i e s from dealers subject t o resale) or other lending arrangements. A, I 366 2 364 4 c 1 < 4 A < A 1 Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements (sales of securities t o dealers subject t o repurchase), resale agreements, and borrowings secured by Gov't, or other issues. * Note: -- Averages of d a i l y figures. .J
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