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FEDERAL RESERVE release *:^AL rb^ For Immediate release September 23, 1966 Reserve Positions of Major Reserve City Banks Reserve Period Ended September l4, 1966 (in millions of dollars unless otherwise noted) 8 banks in 38 banks out- 5 banks 33 other 46 banks New York City side New York in Chicago banks Reserve excess or deficiency (-) 177 90 86 12 75 Less: Borrowings from Reserve Banks 395 111 284 124 161 1,481 502 979 400 579 -1,700 -523 -1,177 -512 -664 16.7 12.9 19.3 52.0 13.0 Less: Net interbank Federal funds purchases or sales ( - ) 2/ Equals: Net "basic reserve surplus or deficit ( - ) : a. Net amount b. As per cent of average required reserves 1/ Reserves held after a l l 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. > * & r H-5(a) •i Federal Funds transactions of Major Reserve City Banks for the Week Ended September l4, 1966 (in millions of dollars) 8 banks in 38 banks out- 5 banks 33 other 1 U6 banks New York City side New York in Chicago banks A. Interbank Federal funds transactions 1 1. Gross transactions a. b. Purchases Sales 2. Total 2-way transactions 1/ 2,934 1,453 1,239 737 1,695 716 572 172 1,1B3 6o4 579 159 3. Total net transactions a. b. c. Net purchases of net buying banks Net sales of net selling banks Net purchases or sales (-) . H 635 1,116 413 704, • 270 132 137 12 125 1 1,481 502 979 400 *,'j \ A 790 513 277 2. Borrowings from dealers 3/ 136 65 70 3. Net loans 654 448 207 19 259 < —— 70* 19 Derived from averages for indjIvidual banks for entire week. Figure 'or each bank Indicates extent t o which i t s weekly average purchases and sales are offsetting; that is, i t i s 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 t o each dealer by clearing hanks, 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 to dealers subject to repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Note: — Averages of daily figures. r 1,751 1". Loans to dealers 2/ to < B. Related transactions with U. S. Government securities dealers l/ \ M 188 4 -1 1 1 , - > i
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