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•rf^Ttosf: • H.5 * r For immediate release May 6, 1966 Reserve Positions of Major Reserve City Banks Reserve Period Ended April 27, 1966 " • (in mil lions of dollars unless otherwise noted.) » 46 banks 8 banks in 38 banks out5 banks 33 other New York City side New York in Chicago banks Reserve excess or deficiency (-) 1/ 113 70 Less 2 Borrowings from Reserve Banks 172 Net interbank Federal funds purchases or sales (-) 2/ \ less; a 16 28 123 59 -- 59 573 334 240 -69 308 -632 -377 -255 85 -339 6.3 9.3 4.2 8.2 6.8 Equals: Net basic reserve surplus or deficit (-): a. Net amount b. As per cent of average required reserves ^ 7 1/ Reserves held, after all adjustments applicable to the reporting period less the sum of required reserves and. carryover reserve deficiencies. » * -r 2/ For details see Federal Funds Transactions of Major Reserve City Banks. Nate: — Averages of daily figures. k » «• fc- r u r H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended April 27# 1966 (In millions of dollars) 46 banks 33 other 38 banks out- 5 banks 8 banks in 1 New York City side New York in Chicago banks ' A. Interbank Federal funds transactions T > t 1. Gross transactions a. b. Purchases Sales * 1 2,269 2. Total 2-way transactions l/ i 1*696 Wi 1,288 1,048 254 323 1,155 539 616 198 1,133 44l 672 56 540 108 433 125 Y 308, , 573 334 240 -69 308 4l8*| 3." Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) 616 4 B. Related transactions with U. S. Government securities dealers 1. Loans to dealers 2/ 2. Borrowings from dealers 2/ V 1,400 923 478 89 83 6 1,311 839 472 17 3* Net loans 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 clering banks, repurchase agreements (purchases of securities from dealers subject to resale) or other lending arrangements. jJ 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. 4611* • 6 ' Note: — Averages of r 17 455 U
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