The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
For immediate release September 2, 1966 Reserve Positions of Major Reserve City Banks Reserve Period Ended August 24,. 1966 H.5 (In millions of dollars unless otherwise noted) k > • 1(6 banks 11 - 4 16 1 15 Less: Borrowings from Reserve Banks 101 1 100 14 86 Less: Net interbank Federal funds purchases or sales ( - ) 2/ 714 -11 724 227 497 -803 5 -808 -240 -568 8.2 .1 13.6 24.8 11.4 Reserve excess or deficiency ( - ) 1/ r > x 5 banks 33 other 38 banks out8 banks in New York City side New York in Chicago banks Equals: Net basic reserve surplus or deficit (-): r > ¥ »• Net amount b. As per cent of average required reserves l , i/ Reserves held after all adjustments applicable to the reporting period less the sum of 1 ' required reserves and carryover reserve deficiencies. 1V ^ 2/ For details see Federal Funds Transactions of Major Reserve City Banks. > Hote: — Averages of daily figures. H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week Ended August 24, 1966 (in millions of dollars) 46 banks A « 33 others 38 banks out- 5 banks 8 banks in New York City side New York in Chicago "banks ^ * -1 A. Interbank Federal funds transactions * 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions l/ 2,591 1,877 920 931 1,184 557 478 251 627 1,193 ' 695-1 205 422 * . rl t 3. Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) l,4o6 363 1,043 273 693 374 319 46 273 - 714 -11 724 227 497 " 70 4 B. Related transactions with U. S. Government securities dealers l/ 2/ jJ • 1*. Loans to dealers 2/ 296 226 2. Borrowings from dealers jJ 232 155 77 64 70 -7 3. Net loans 771, 66 1 * -- 4 Derived from averages for indiLvidual 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. 77, -11' - -A. < -y t Federal funds loaned, net funds supplied to each dealer by clearing hanks, repurchase agreements (purchases of securities from dealers subject to resale) or other lending arrangements. "i 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. A.
@FedFRASER