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For immediate release April 16, 1965 Ti.5 Reserve Positions of Major Reserve City Banks Reserve Period Ended April 7, 1965 (In millions of d o l l a r s unless otherwise noted) k6 hanks Reserve excess or deficiency ( - ) 1/ •Less; - Borrowings from Reserve Banks Less: l e t interbank Federal fund* purchases or sales ( - ) 2/ 36 banks out5 hanks 33 other 8 hanks i n Hew York City side Hew York i n Chicago hanks 1 lb 13 1 291 125 173 64 108 761 455 306 103 203 -1,045 -567 -^78 -168 -310 10-9 14.7 8.3 17.2 6.5 "Equals: l e t b a s i c reserve surplus - or d e f i c i t ( - ) : a. Net amount b. As per cent of average r e quired reserves 1/ 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 d e f i c i e n c i e s . 2/ For d e t a i l s see Federal Funds Transactions of Major Reserve City Banks. ,Bote: — Averages of d a i l y f i g u r e s . H.5(a) Federal Funds Transactions of Major Reserve City Banks f o r the Week Ended April 7, 1965 ( I n millions of d o l l a r s ) 46 banks 8 banks i n 38 banks out- 5 banks 33 other New York City side New York i n Chicago banks A. Interbank Federal funds transactions 1. Gross t r a n s a c t i o n s a. b. Purchases Sales 1,799 1,037 895 440 904 598 218 115 686 483 850 425 425 98 327 949 470 479 119 359 187 15 172 16 156 761 455 306 103 203 1. Loans t o dealers 2 / 984 666 317 38 . 280 2 . Borrowings from dealers j J 146 132 14 3« Net loans 838 534 304 2. Total 2-way t r a n s a c t i o n s l / 3« Total net t r a n s a c t i o n s a. b. c. Net purchases of net buying banks Net sales of net s e l l i n g banks Net purchases or sales (-) B. Related t r a n s a c t i o n s with V. 8. Government s e c u r i t i e s dealers - - 38 1/ Derived from averages f o r individual "banks f a r e n t i r e week. Figure f o r each bank indicates extent t o which i t s weekly average purchases and sales 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 hanks. 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 hanks. 2/ Federal funds loaned, net funds supplied t o each dealer hy clearing hanks, repurchase agreements (purchases of s e c u r i t i e s from dealers subject t o r e s a l e ) or other lending arrangements. 5/ Federal funds borrowed, net funds acquired from each dealer hy 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 i s s u e s . Note: - - Averages of d a i l y f i g u r e s . 14 266