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r >•• > I r » h.5 For inmediate release November 15, 1966 Reserve Positions of Major Reserve City Reserve Period Ended November 2, 1966 ( i n millions of dollars unless otherwise noted) i- > 46 banks banks in Nev York Cit banks out5 banks 33 other side New York in Chic banks * * Reserve excess or deficiency ( - ) 1/ I ' Less: Borrowings from Reserve Banks I*B8t Net interbank Federal funds purchases or sales ( - ) 2/ v Equals; Net basic reserve surplus or d e f i c i t ( - ) : • * g/ *• Net amount b. As per cent of average r e quired reserves ™ -994 -268 -725 9.5 6.4 11.6 r e p o r t i ° g ^ For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. 'Notes — Averages of daily figures. r -307 -4l8 30.4 — * 7.9 H.5(a) Federal Funds transactions of Major Reserve City Banks f o r the Week Ended November 2, 1966 (In millions of d o l l a r s ) A. Interbank Federal funds transactions 4J 8 banks i n 30 banks out- 5 banks 33 other 46 banks New York City side New York in Chicago banks ' r t Tf 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 2,655 1,821 1,053 820 1,603 1,001 488 179 1,258 568 691 152 1,114 822 " 538 , 3. Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales H V 1,397 485 912 336 562 252 311 27 284 835 233 602 309 293 576 . B. Related transactions with U. S. Government s e c u r i t i e s dealers 1; Loans t o dealers 2/ 2. Borrowings from dealers 3/ 3. Net loans l/ - / 953 583 370 85 82 3 868 501 367 15 15 2/ Federal funds loaned, net funds supplied t o each dealer by clearing banks, repurchase agreements (purchases of securities from dealers subject t o resale) or other lending arrangements. 2/ 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 daily figures. 354 * 3 ' Derived from averages f o r individual banks for e n t i r e week. Figure for each tank 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 lesser 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 l e s s 2-way transactions equals net sales of net selling banks. v 351 1
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