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••ofGOW-'--. FEDERAL release IIIIJ f*4L . For Immediate release November 18, 1966 H.5 Reserve Positions of Major Reserve City TUmira Reserve Period Ended November 9# 1966 r' r* * L > ( i n millions of dollars unless otherwise noted) 46 hanks I 17 20 2 18 Less: Borrowings from Reserve Banks 320 213 108 42 66 1,718 624 1,095 425 669 2,001 -820 -1,182 -465 -717 19.6 20.3 19.1 47.8 13.8 Less J Net Interbank Federal funds purchases or sales ( - ) 2/ Equals: Net basic reserve surplus or d e f i c i t ( - ) : As per cent of average r e quired reserves i/ Reserves held a f t e r a l l adjustments applicable t o the reporting period l e s s the sum of required reserves and carryover reserve deficiencies. 2/ For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. Note: — Averages of daily figures. ' '- 5 hanks 33 other 37 b. r> 6 hanks in 38 hanks outNew York Citv side New York Reserve excess or deficiency ( - ) 1/ Su Net amount • RESERVE . >- H.5(a) Federal Funds t r a n s a c t i o n s of Major Reserve City Banks f o r the Week Ended November 9, 1966 ( i n millions of d o l l a r s ) 46 banks 8 banks i n 3d banks out- 5 banks 33 other" New York City side New York i n Chicago banks.* A. Interbank Federal funds transactions r 1. Gross t r a n s a c t i o n s a. b. Purchases Sales 2. Total 2-way t r a n s a c t i o n s l / * b. c. Net purchases of net buying banks Net sales of net s e l l i n g banks Net purchases or s a l e s (-) ' 1,221 598 2,088 994 648 223 l,44i j 771" 4 1,361 574 786 200 5 < j 3. Total net t r a n s a c t i o n s a. + 3,310 1,592 | t 1,949 64? 1,302 448 854J 231 24 207 23 185 1 1,718 624 1,095 425 831 531 320 12 70 70 - - - - 761 44l 320 12 669 B. Related t r a n s a c t i o n s 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 = — '•v* o-LLViiv xuuoi uoiu.ii iux cuuxie weeit. r i g u r e i o r eacn oani Indicates extent t o which i t s weekly average purchases and s a l e s are o f f s e t t i n g ; t h a t 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 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 banks. 2/ Federal funds loaned, net funds supplied t o each dealer by c l e a r i n g tanks, repurchase agreements (purchases of s e c u r i t i e s from d e a l e r s subject t o r e s a l e ) or other lending arrangement s. 2/ Federal 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 issues. Note: — Averages of d a i l y f i g u r e s . 3°V w —A 309 ' |