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FEDERAL
statistical

RESERVE

release

f^VL Rt^ *
H.5

For Immediate release
October 14, 1966

Reserve Positions of Major Reserve City
Reserve Period Ended October 5, 1966
(in millions of dollars unless otherwise noted)

r *
I *

1)6 banks

8 banks in 36 banks outNev York Cltv slde Hev York

5 banks 33 other

Reserve excess or deficiency (-) JL/

44

19

25

2

23

Less: Borrowings from Reserve Banks

361

265

96

11

84

825

5

819

413

407

-l,l4l

-251

-890

-422

-468

10.7

5.8

14.1

40.9

8.9

Lessj Bet interbank Federal funds
purchases or sales (-) 2/
LEquals: Vet basic reserve surplus
or deficit (-):
Net amount
•

v

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 and carryover reserve deficiencies.
2/ For details see Federal Funds Transactions of Major Reserve City Banks.
Mote: — Averages of daily figures.

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H.5(a)

Federal Funds transactions of Major Reserve City Banks
for the Week Ended October 5, 1966
(in millions of dollars)
8 banks in 38 banks out- 5 banks 33 other !
46 banks New York City side New York in Chicago banks •*
A. Interbank Federal funds
transactions

*

'

1. Gross transactions
a. Purchases
b. Sales
2. Total 2-way transactions l/

2,726
1,901

915
909

1,811
992

6l4
201

1,197
790

1,167

461

706

179

527

3. Total net transactions
a. Net purchases of net
buying banks
b. Net sales of net
selling banks
c. Net purchases or sales

(-)

„

•

1,558

454

1,105

435

670

734

448

285

22

263

825

5

819

413

407

710

550

160

10

1*0

90

78

12

620

472

148

,

B. Related transactions with
U. S. Government securities
dealers
1*. Loans to dealers 2/
2. Borrowings from dealers 3/
3. Net loans

——

10

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 clearing banks,
repurchase agreements (purchases of securities from dealers subject to resale)
or other lending arrangements.
2/ 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.
Note: — Averages of daily figures.




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